Oil prices rose over 2% on Friday as the International Energy Agency said the market was tighter than it appears, while U.S.

Oil futures extended gains and were on track to end the week higher on strong seasonal demand and lingering geopolitical risk premium around the Middle East.

The EIA now expects US crude output to grow by only 160,000 barrels per day in 2025, reaching 13.37 million barrels per day - a cut of 50,000 barrels from June's forecast.

The US Energy Information Administration (EIA) forecast that Brent crude oil prices will average below $70 per barrel in 2025 ...

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The agency cut its 2026 Brent price estimate to $58 a barrel from $59 previously. The EIA sees West Texas Intermediate crude, the U.S. benchmark, averaging $65 a barrel this year and $55 in 2026, ...

MOSCOW, July 8. /TASS/. Brent oil futures with delivery in September 2025 climbed above $70% at the London-based ICE for the first time since April 30, 2025, according to trading data. Brent prices ...

Goldman Sachs commodity analysts are sticking to their forecast for Brent to average $59 a barrel by the fourth quarter of this year and $56 in 2026, following a bigger-than-expected production rise ...

Oil prices are expected to fall below $60 per barrel as OPEC+ ramps up production, shaking up the global energy market. With ...

Nigeria has been left out of OPEC’s 548,000 bpd crude output increase due to poor production despite incentives and ...