U.S. oil prices fell to around $56 a barrel after the OPEC Plus cartel said it would bring more oil to market.

Following suit from the previous month, OPEC + has decided upon proliferating oil production, resulting in a challenge to the U.S. shale supply, whilst resulting in a plunge in oil prices.

OPEC+ eases output cuts despite questionable market fundamentals, leading to bearish oil price outlook in coming months.

Oil prices dropped Monday, as the Organization of the Petroleum Exporting Countries and its allies agreed to boost output again in June, raising concerns about a potential oversupply at a time when ...

OPEC+ Output Strategy, Tariffs to Drive Market Into Oversupply -- Market Talk 0727 GMT - OPEC+'s accelerated oil-production increases, combined with the impact of global trade tariffs, are expected to ...

Goldman Sachs trimmed its oil price forecasts, saying it expects the Organization of the Petroleum Exporting Countries and its allies to continue accelerating output hikes. The cartel and its allies ...

Wall Street pointed toward losses in premarket trading Monday and oil prices fell to a four-year low after OPEC+ said it ...

Oil prices fell more than 1% on Monday after OPEC+ decided over the weekend to further speed up oil output hikes, spurring ...

RIYADH] Saudi Arabia’s deficit widened significantly to US$15.65 billion in the first quarter of 2025 from US$3.30 billion a ...

May 5 (Reuters) - Saudi Arabia reported a fiscal deficit of 58.701 billion riyals ($15.65 billion) in the first quarter of ...

Stocks are opening lower on Wall Street and crude prices are falling to a four-year low after the OPEC+ group of ...