However, the reality may not be quite as rosy as OPEC paints, with tepid demand growth in major consumers such as China, the world's top oil importer. China's crude imports barely rose in the first ...

As was widely expected, the OPEC+ cartel has announced that it plans to increase its crude oil production starting in August ...

Oil prices fell immediately after the OPEC announcement but then pared some of those losses on concerns that the physical market for crude remains tight at the moment. West Texas Intermediate, the U.S ...

Oil futures rose as the market took a sanguine view of the OPEC+ decision to raise its output target by 548,000 barrels a day in August.