The group agreed to raise output in June, a sign that Saudi Arabia and its allies appear to be weary of cutting output and ...

Oil price drop seen hitting exporters disproportionately Angola faced a margin call after bond market rout Nigeria's carry trade stops being attractive on oil fall Gulf exporters likely to weather ...

Oil prices plunged after the OPEC+ group of oil producers agreed to accelerate production hikes once again. The decision to boost output by 411,000 barrels a day followed another substantial ...

Crude oil prices capped their worst monthly drop since November 2021 as fears over a global economic downturn and demand shock as a result of tariffs come as the supply of oil is about to surge.

FOR several years it has seemed to us to be of interest to repeat the oil-drop method in order that this method may have an opportunity of contributing to the building up of the new value of the ...

Oil prices dropped Monday, as the Organization of the Petroleum Exporting Countries and its allies agreed to boost output again in June. OPEC+, a grouping led by Saudi Arabia and Russia, over the ...

Oil extended a drop as the global trade war hurt the outlook for demand, with data pointing to signs of strain in the US economy and China stepping up its pushback against the Trump administration ...

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell 4.49 million barrels in the week ending May 2, after analysts had estimated a 2.5-million ...

May 5 (Reuters) - Shares of Australia's Qantas Airways (QAN.AX), opens new tab rose over 5% on Monday to a one-month high, tracking a drop in oil prices after OPEC+ signaled faster output hikes.

A steep drop in crude oil prices largely due to US President Donald Trump’s tariffs will squeeze budgets of emerging market oil exporters, analysts said, while the potential economic slowdown ...