Oil prices are defying the odds right now, rising despite a near-certainty that the oil market will be oversupplied in a ...

Iran is shipping less oil to China, as toughening sanctions snarl the OPEC producer’s shipments and refinery demand falls in ...

Big moves, though not big enough to sink oil prices. You might, therefore, think that OPEC + is in total control. After all, ...

Oil edged lower in the early Asian session amid lingering supply concerns.

Some analysts expect the loss in Canadian supply to offset more than half the increases next month planned by OPEC+.

Iraq's oil ministry said on Thursday it holds the Kurdish regional government (KRG) legally responsible for the continued ...

President Bola Tinubu, former Vice President Atiku Abubakar, Vice President Kashim Shettima, and several state governors, ...

Oil prices settled down just over 1% on Wednesday after U.S. data showed surprisingly large build in gasoline and diesel ...

Saudi Arabia, Iraq, Kuwait, Kazakhstan, Oman, Algeria, Russia and the United Arab Emirates -- referred to as OPEC's Group of 8 -- announced 2.2 million b/d of voluntary cuts in November of 2023, and ...

Hedge funds loaded up on the most bearish bets against Brent crude since October as the market braced for a fresh injection ...

U.S. companies are facing economic headwinds that are reducing incentive to continue high production levels of oil.