Oil climbed on Monday after major producers agreed to extend a deal on record output cuts to the end of July and as China’s crude imports hit an all-time high in May.
Brent crude was up 89 cents, or 2.1%, at $43.19 per barrel, while US West Texas Intermediate crude rose 62 cents, or 1.6%, to $40...
Iraq wants OPEC+ to take into consideration the economic and living conditions of countries when assigning quotas in oil production cuts, the country's finance minister said, as OPEC's second-largest oil producer struggles to adhere to it production limits.
"Iraq's decision to comply with OPEC+...