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 ...

Commodities Corner OPEC+ committee is set to review an oil market plagued by concerns over the banking crisis and a recession ...

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.

European economists worried about a heightened risk of recession and a bolstered Russia, after OPEC Plus said it will slash oil production.

Oil prices rose about 1% on Tuesday after top exporter Saudi Arabia said OPEC+ was sticking with output cuts and could take further steps to balance the market.

OPEC’s decision to curb oil production was a signal that President Biden’s influence over his Gulf allies was far less than he had hoped.

0807 GMT – Oil prices edge lower in early trade after plunging to a four-year low in the previous session amid growing concerns that U.S. tariffs might lead to a global recession and hurt demand.

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 ...

Prices dropped to $61.99 per barrel on Friday — the lowest level since 2021 — pressured by mounting recession concerns and an unexpected move by OPEC+ to speed up the rollback of production cuts.

Oil prices continued their upward trend at the start of the week, even as OPEC slashed its forecasts for 2024 and 2025. Last week, oil prices surged by 3% as fears of a US recession eased and ...

Opec on Tuesday downgraded its forecast for 2024 oil demand growth for a second consecutive month, just days after eight members of the enlarged producer group, Opec+, said they would delay by two ...