The eight OPEC+ nations on Saturday agreed to increase their crude oil production by 548,000 barrels per day starting in ...

Eight members of the OPEC+ alliance of oil exporting countries say they will boost production by 548,000 barrels per day in ...

Eight OPEC producers agreed to lift crude output by 548,000 barrels per day in August, exceeding the anticipated 411,000 ...

U.S. futures inch down following an upbeat session on Monday that saw global stocks touch a fresh intraday record, with ...

The SPIEF focused on global and regional economic processes, market transformation, new technologies, the investment climate, financial policy, and people. The Forum is unique in terms of its ...

Oil also powers less of the US economy these days. In 1975, petroleum accounted for 47% of the energy consumed in the United ...

The recent U.S. strike on Iran’s nuclear facilities, which Donald Trump hailed as a “glorious military success,” has once again highlighted the country’s vital role in the global oil and gas markets.

According to him, the decision by OPEC leaders to accelerate oil production now appears to be a prudent and market-justified move that takes into account consumer interests amid the uncertainty surrou ...

ST. PETERSBURG, June 20. /TASS/. Russian President Vladimir Putin is expected to deliver a detailed and extended address at Friday’s plenary session of the St. Petersburg International Economic Forum ...

Russian President Vladimir Putin offered Wednesday to help mediate an end to the conflict between Israel and Iran, suggesting Moscow could help negotiate a settlement that could allow Tehran to pursue ...

The OPEC Fund announced some US$720 million in new financing to support development efforts across Africa, Asia, Latin ...