Concerns about higher OPEC production has likely kept oil from joining the rally in growth-sensitive metals, while fears of collateral damage to demand from an “imaginary recession” are ...

The OPEC+ Joint Ministerial Monitoring Committee will hold a meeting on Monday and while it’s not likely to shake up the oil market, discussions will highlight the importance of continuing to ...

The world’s oil-exporting countries have agreed to a tiny increase in output next month amid fears that a global recession will crimp demand. CNN values your feedback 1.

The concerns, however, were not immediately reflected on European markets Thursday. Germany’s leading index, Dax, and the European Stoxx 600 initially made slight gains. Oil held at near $88 a ...

OPEC, Russia and other allies, known as OPEC+, meet on Dec. 4. Concerns over oil demand in the face of the U.S. Federal Reserve's interest rate hikes and China's strict COVID lockdown policies ...

“It will be interesting to see how OPEC justifies increasing May production by a total of 538,000 barrels a day.” WTI settles down 1.8% at $59.58 a barrel, and Brent falls 2.2% to $62.82 a barrel.

Tighter U.S. sanctions on Iran and Russia, threats of sanctions on buyers of Venezuelan oil and concerns over a possible tariff-related recession have all provided support to oil, setting up ...

Crude oil has had a rough start to 2025, with a nearly 15% decline year to date. Prices dropped to $61.99 per barrel on Friday — the lowest level since 2021 — pressured by mounting recession ...

OPEC-Plus’s plan to hike production by 411,000 barrels of oil per day in ... demand evaporated and the world plunged into recession. ... wastewater disposal issues and other problems there is ...

Oil prices continued their upward trend on Monday, even as OPEC slashed its forecasts for 2024 and 2025. The rally showed no signs of slowing down, driven by last week’s reassuring US data.

The price of oil has tumbled out of its year-long trading range as investors grow increasingly nervous about the impact of a slowdown in the world’s largest economies on the demand for crude.