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 ...

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 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 ...

A growth scare in early August and lingering concerns of a US recession, ... OPEC also cut its 2025 demand outlook for oil by 40,000 barrels per day to 1.7 million barrels.

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 ...

“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.

But if tariffs remain as high as initially announced and a recession follows, prices could head into the $50 range by year-end. “Assuming a typical US recession and our OPEC baseline, we ...

OPEC meetings are attended by representatives from 13 oil-rich nations. They discuss a range of topics regarding energy markets and agree on how much oil they will produce.

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 ...

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.