A fierce battle over revenue assurance in the petroleum sector has taken a new turn, with allegations that entrenched industry players—who benefited from tax leakages—are behind a sustained campaign ...

Members of OPEC+ are planning to gradually unwind production curbs in April, which would add supply and could lead to lower prices.

China and Mexico and a decision by members of the OPEC Plus oil cartel to begin increasing crude production in April. Since last year, OPEC Plus has signaled its intention to pump more oil ...

OPEC+, the global oil cartel led by Saudi Arabia, announced on Monday that it would begin increasing oil production starting in April, gradually unwinding production cuts made in November 2023.

The United States will impose a 25% tariff on imports from any country that purchases oil products from Venezuela, President ...

He is behind the oil cartel’s decision to raise output. Bin Salman anticipates that Trump will tighten sanctions on Iran, which will reduce global supplies; OPEC is delighted to step up.

Oil prices rebounded on Friday after Russia’s deputy prime minister suggested oil cartel Opec+ could reverse a plan to increase crude production. Alexander Novak said that while Opec+ would proceed ...

The Saudi-led cartel said its members would start gradually pumping more oil in April. By Rebecca F. Elliott Oil prices fell on Monday afternoon to their lowest level of the year after the OPEC ...

Trump’s rapid-fire policy changes have created an atmosphere of uncertainty across financial markets. Crude oil, like other commodities, has been volatile as investors worry Trump’s tariffs could ...

The Aramco results come as OPEC+, an alliance of the oil cartel and other energy-producing states, met online Monday and agreed to proceed with an increase in oil production starting in April.

The cartel itself also signaled the possibility ... Trump is seeking "maximum pressure on Iran," which includes reducing the country's oil exports to zero. This could create a supply gap for ...