Saudi Arabia said Friday that it has canceled planned talks with non-OPEC nations including Russia as disagreements about how to share the burden of supply cuts stood in the way of a deal to increase ...

Equatorial Guinea, OPEC's smallest producer, is seeking $300 million in prepaid deals from commodity traders for future crude and LNG deliveries to finance its struggling oil and gas sector.

Among stock markets, Japan's Nikkei was up 2.3 by the break, while Hong Kong added 0.9 percent and Shanghai gained 0.7 percent. Energy shares led a rally across Asian markets Thursday after OPEC ...

The oil price has seen a strong recovery from 2016 lows and is currently more than 30 percent up from levels a year ago. OPEC said Tuesday oil producers have kept their promise to cut output in ...

OPEC members struggling to preserve their market share amid a sinking price for oil now have an unexpected new variable to contend with: President Trump’s move to dominate Venezuela’s oil supply and ...