Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

OPEC held its biennial seminar over July 9-10 in Vienna. Ministers representing OPEC countries, their allies and key consumers were joined by oil and gas CEOs, policymakers, analysts and members of ...

Saudi Arabia led a big ‌increase in OPEC oil output in the month ahead of U.S. and Israeli strikes on Iran, a Reuters survey ...

The cartel pledged to increase output by 206,000 barrels a day from next month, and said that members would “closely monitor and assess market conditions.” ...

Saudi Arabia, Russia and six other key members of the OPEC+ alliance will discuss crude production on Saturday, with analysts expecting the latest in a series of output hikes for August. The wider ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. NEW YORK (AP) — A group of countries that ...

Global oil markets are again showing the impact of emotions and misinterpretation. The so-called surprise production increase taken by eight (8) leading members of OPEC is, in principle, not relevant ...

The Organization of the Petroleum Exporting Countries and its allies agreed Sunday to a larger-than-expected oil output hike following the U.S. and Israeli strikes on OPEC member Iran. The Saudi ...

With Iran's crude exports so far unaffected, the OPEC secretary-general said OPEC doesn't need to take any immediate action. Image by wildpixel via iStock Key OPEC+ nations added less oil to the ...