Events in eastern Europe weren’t the only factor driving oil prices higher. OPEC+ agreed to hike production by 411,000 ...

Rising OPEC+ supplies and new streams of oil coming online globally are increasing options for European and Asian refiners ...

Saudi Arabia and the United Arab Emirates see a chance to ratchet up production in July, the third consecutive month of ...

OPEC+ production gains pressure U.S. crude exports, weakening light sweet oil demand and adding bearish weight to the current ...

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

Haitham al-Ghais is set to deliver remarks on Tuesday, as recent output increases from group members and other producers have ...

Crude oil futures turned lower in a volatile session Wednesday, as a Bloomberg report said Saudi Arabia is open to additional significant OPEC+ production hikes after July in a bid for market share.

Saudi Arabia's past oil price wars in 2014–2016 and 2020 backfired, as U.S. shale producers became leaner and more efficient.

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 ...

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"Michigan drivers are seeing lower prices at the pump, with some metro areas seeing averages below $3 a gallon," Adrienne ...

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