OPEC

The state-run National Oil Corporation confirmed Ras Lanuf and Es Sider were under full control of east Libyan commander Khalifa Haftar forces while Zueitina was still contested.

Record high oil inventory levels could pose a threat to price stability, the IEA reported.

The kingdom, whose oil output governs prices of the commodity, may return to its role as a swing producer once markets stabilize.

There were unconfirmed reports of deaths in Cumaná, capital of Sucre state, and an opposition legislator from the zone said one man was shot dead.

Investors Friday braced for U.S. payrolls data that could add to or detract from the case for a Federal Reserve interest rate hike later this month or in July.

OPEC failed to agree to a clear oil-output strategy on Thursday as Iran insisted on raising production to regain market share lost during years of sanctions.

The absence of a deal Thursday is fueling broader concerns that the once-powerful oil cartel is losing its influence over global oil markets.

OPEC is set for another showdown between rivals Saudi Arabia and Iran when it meets on Thursday in Vienna.

OPEC’s 13 members meet in Vienna Thursday to set the group’s policy, which is more focused on market share than on influencing prices.

Many of the world’s top oil producers will be at the OPEC meeting in Vienna this week, when the cartel will welcome a new member.

Supply disruptions in Canada, Nigeria and Libya helped soften the global crude glut, but brimming inventories kept prices from rising further.

As the oil-price slump continues, members of the cartel of petroleum producers have struggled to solve the crisis of supply and demand.

OPEC’s crude production climbed in April to 32.64 million barrels per day, close to the highest in recent history.

Deputy Crown Prince Mohammed bin Salman unveils plans aimed at ending the kingdom's dependence on oil.

The price per barrel has dropped by 70 percent since mid-2014, and analysts warn the slide could continue.

Venezuela predicted oil prices could crash in the next few weeks if producers failed to resume dialogue as the specter of oversupply loomed.

A walkout has slashed the country's oil output by more than half, offsetting worries about a scuttled plan by major oil producers to freeze production.

Investors also will be looking at the European Central Bank for its next move on its bond-buying program.

Meanwhile, Saudi Arabia won’t freeze production unless other leading producers do, a Saudi oil official said.

Asian stocks surged Thursday while European stock markets opened lower as investors tracked a dip in crude oil prices.

Global oil prices rallied after a report that top producers Russia and Saudi Arabia agreed to freeze output ahead of a much-anticipated meeting.