OPEC news

Saudi Arabia rejected as “not based on facts” criticism of an OPEC+ decision last week to cut its oil production target despite U.S. objections, and said on Thursday that Washington’s request to delay the cut by a month would have had…

<!-- -->Globally, oil prices have surged this year to a three-year high above $86 a barrel.London: OPEC and its allies are likely to stick to plans to raise oil output by 400,000 barrels per day (bpd) at an OPEC+ meeting on Thursday,…

<!-- -->Oil prices have already surged more than 50% this year.London: Brent crude oil futures hit a fresh three-year high on Tuesday, with U.S. benchmark crude close to 2014 peaks, after the OPEC+ group of producers decided to stick…