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 ...

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

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

More than 30,000 people from 100 countries are expected to descend on the white-collar heart of Canada’s oilpatch next week ...

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

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 ...

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

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

The Organization of the Petroleum Exporting Countries and their allies decided on Saturday to raise output by 411,000 barrels ...

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

But “Saudi Arabia does not want to set too much of a precedent,” says a former OPEC executive. Clawing back market share will also prove hard. Demand is expected to jump by 1m b/d from May to ...