OPEC+ will increase oil production even more rapidly than expected next month, as the group led by Saudi Arabia seeks to capitalize on strong summer demand in its move to reclaim market share.

OPEC has agreed in principle to further accelerate its supply increases next month, delegates said, as the group led by Saudi Arabia seeks to reclaim market share.

Atlanta Federal Reserve President Raphael Bostic warned that effects of President Donald Trump's tariffs could cause prolonged inflation rather than a one-time price spike.

OPEC+ is accelerating its next meeting to approve a 411,000 b/d production increase as the group, led by Saudi Arabia, aggressively seeks to regain market share.

U.S. policymakers are increasingly anxious about the integrity of certain government benchmarks, crucial data points that ...

Oil prices fell on Thursday after gaining 3% in the previous session as investors are wary higher U.S. tariffs may be reinstated, which could cause lower fuel demand, and as major producers are ...

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Brent tumbled by as much as 4.6 per cent towards US$58 a barrel. Read more at straitstimes.com. Read more at straitstimes.com.

That uncertainty will overshadow the Federal Reserve’s meeting this week. The Fed is expected to hold its benchmark interest rate steady on Wednesday.

Oil prices slumped again Monday, just days after OPEC + announced it would accelerate production for the second month in a row, putting further pressure on the Trump administration’s “Drill ...

President Donald Trump’s swipe at Jerome Powell Thursday, in which he referred to the Federal Reserve chief’s “termination," marks the latest salvo in Trump’s longstanding efforts to ...