Oil prices fell on Wednesday amid a broader selloff in global financial markets that underscored concerns about economic and ...

OPEC Secretary-General Haitham Al Ghais speaks exclusively to CNBC’s Dan Murphy at ADIPEC in Abu Dhabi. He discusses OPEC’s ...

Oil prices settled lower on Tuesday as weaker manufacturing numbers and a stronger dollar weighed on demand, while the OPEC+ ...

The move caps a dramatic month in oil markets, riven by concerns of a supply glut and uncertainty over sanctions on Russian ...

Members of the Organization of Petroleum Exporting Countries and their allies decided over the weekend to boost oil output by ...

The International Energy Agency forecasts that global oil supply will increase by about 3 million bpd in 2025 to reach 106.1 million bpd, driven largely by the US, Brazil, Guyana and Canada ...

The oil market is bracing for a significant oversupply due to surging supply, subdued demand, and US sanctions on Russian ...

There are currently serious fears about a glut in the oil markets – too much oil. And an abundance of oil has the effect of ...

Even if the OPEC+8 group halts its planned production increases during the first quarter of 2026, the revised liquids balance ...

Eight members of the oil cartel agreed on Sunday to a small increase but said they would now pause in adding more oil, reflecting market concerns about an oversupply.

The government stopped publishing official output figures after November 2023, just weeks before its departure became ...

"We are making sure we maintain the supply demand balance", Ghais added at a panel at ADIPEC energy conference in Abu Dhabi ...