Russia's top oil official said on Thursday that OPEC+ oil producers should proceed with plans to increase output, noting ...

Fears that Israel may destroy Iranian oil facilities to deprive it of its main source of revenue have driven oil prices ...

Iran has in the past threatened to disrupt shipping through the Strait of Hormuz if it is attacked. The Strait is the exit ...

Russia's chief oil official advocated for OPEC+ oil producers to move forward with their scheduled output increase, citing an ...

A surplus is possible later, but it will be offset by oil purchases for strategic reserves, Gazprom Neft CEO Alexander Dyukov said.

The UAE and Saudi Arabia are expected to experience stronger economic growth, even as the ongoing Israel-Iran conflict ...

Saudi Energy Minister Prince Abdulaziz bin Salman said OPEC+ has become a key guarantor of oil prices and the sector as a ...

Oil prices jumped almost 3% on Thursday as a week-old air war between Israel and Iran escalated and uncertainty about potential US involvement kept investors on edge. Brent crude futures settled up $2 ...

Russia failed to reap the full rewards of the recent rally in oil prices, or the increase in its own OPEC+ output target, as ...

Output for March 2025 was revised higher by 2 kb/d and April 2025 output was revised higher by 128 kb/d compared to last ...

OPEC's oil output increase in May was less than planned, as some members compensated for previous overproduction, according ...

ST. PETERSBURG. June 19 (Interfax) - Oil market volatility benefits no one, and OPEC+ supports stable market development, demand growth and the security of supply, Russian Deputy Prime Minister ...