GASOLINE and diesel prices are expected to increase next week due to US sanctions against Iran and a plan by some OPEC+ member-countries to cut on oil production, local industry sources said Friday.

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OPEC+ has the ability to adjust production by slowing or reversing increases if demand continues to decline or external ...

Here's a look at what happened in oil markets in the week of April 14-17 and what the focus will be in the days to come.

MOSCOW, April 16. /TASS/. Russia’s participation in the OPEC+ deal is a limiting factor for the expansion of duties to cover the Russian oil industry, department director of the Russian Finance ...

Iraq plans to cut oil exports this month as it faces growing pressure to adhere to its OPEC+ production target, according to ...

OPEC+ members have submitted plans to compensate for 4.57 million bpd in overproduction, with the bulk of offsets scheduled ...

Eight OPEC+ countries that assumed an obligation earlier on voluntary oil production cuts had an online meeting on April 3 ...

The benchmark diesel price used as the basis for most fuel surcharges fell in tandem with declines in futures prices.

JP Morgan on Monday lowered its oil price forecasts for 2025 and next year, citing higher production from OPEC+ and weaker ...

With the 15% drop in oil prices this month, consumers will be enjoying lower gasoline and diesel prices. Still, ...

Kazakhstan's oil output fell in the first two weeks of April by 3% from the March average, the energy ministry said on Monday ...