Key members of OPEC+ alliance are putting off production increases amid slack crude prices

FRANKFURT, Germany (AP) — Eight members of the OPEC+ alliance of oil exporting countries decided Thursday to put off increasing oil production as they face weaker than expected demand and competing production from non-allied countries — factors that could keep oil prices stagnant into next...

Members of the OPEC+ oil producers' alliance postpone production increases as crude prices stagnate

FRANKFURT, Germany (AP) — Members of the OPEC+ oil producers' alliance postpone production increases as crude prices stagnate.

OPEC extends its oil output cuts by one month until the end of December

Saudi Arabia and allied oil producing countries said on Sunday they would postpone a plan to gradually increase oil output until the end of the year, extending their output cuts by one month. No reason was given for the move, which comes ahead of the U.S. presidential election on...

Oil prices fall as reality of weak global demand overtakes risk of wider war in Middle East

Global oil prices are falling sharply after a retaliatory strike by Israel over the weekend targeted Iranian military sites rather than its energy infrastructure as had been feared. Prices for crude spiked globally on Oct. 2 after Iran fired nearly 200 missiles into Israel, part of a...