Oil prices have fallen so much that U.S. producers were likely to cut back and could turn to layoffs, Apollo Global Management said, pointing to Dallas Fed survey data.

Oil prices fell significantly on May 05 (Monday) after OPEC+ announced plans to boost oil production by 411,000 barrels per ...

Oil prices fell more than 2 per cent on Monday after OPEC+ decided over the weekend to further speed up oil output hikes, ...

The Organization of the Petroleum Exporting Countries and its allies -- a group known as OPEC+ that makes up a bulk of global ...