Russian Deputy Prime Minister Alexander Novak has discussed the situation on the global oil market with OPEC Secretary ...

OPEC's oil output increase in May was less than planned, as some members compensated for previous overproduction, according ...

Goldman Sachs said markets are estimating a 65% likelihood of the U.S. intervening in the Middle East, though added there’s a ...

Oil also powers less of the US economy these days. In 1975, petroleum accounted for 47% of the energy consumed in the United ...

Nigeria’s anti-corruption agency has arrested former oil officials over a $7.2 billion fraud linked to refinery ...

The Organization of the Petroleum Exporting Countries (OPEC) said on Monday it would keep its forecasts for global oil demand ...

The all-caps post came hours after weekend bombings in Iran rattled oil markets and reignited fears of rising fuel costs.

Oil is likely to rise by $3-5 per barrel when trading resumes on Sunday evening after the U.S. attacked Iran at the weekend, ...

Trump's post came after he had announced that Iran and Israel had agreed to a ceasefire following the U.S. bombing over the ...

Iran is ranked third, possessing 208,600 million barrels, or 208 billion barrels. Iraq takes fourth place with 145,019 ...

Bullish outlook builds as U.S. stockpiles fall and Israel-Iran conflict threatens OPEC supply through the Strait of Hormuz.

A successful Iran-Israel ceasefire would abate concerns over Tehran’s crude supplies and the stability of oil transport ...