OPEC’s spare capacity exists largely on paper, concentrated in Saudi Arabia and the UAE, but bringing it online could take up to 90 days, and logistical constraints through Hormuz mean spare capacity ...

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The Organization of the Petroleum Exporting Countries and its allies agreed Sunday to a larger-than-expected oil output hike ...

The United States and Israel's strikes on Iran are expected to spark a surge in oil prices when futures trading opens.

OPEC+ has a history of raising oil output to cushion disruptions but analysts said the group currently has little spare ...

Producers' group reacts as the Middle East crisis threatens to fan a geopolitical risk driven oil price spike in a market ...

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.” ...

OPEC+ has a history of raising oil output to cushion disruptions, but analysts said the group currently has little spare capacity to add to supply.

LONDON/MOSCOW, March 1 (Reuters) - OPEC+ agreed a modest oil output boost of 206,000 barrels per day for April on Sunday just ...

The Organization of the Petroleum Exporting Countries and its allies have agreed to a larger-than-expected increase in oil production next month in the wake of the U.S. and Israeli strikes on Iran.