"However, OPEC's demand forecast is very optimistic, with expected increases of 1.3 million and 1.4 million barrels per day ...

U.S. shale producers are cutting rigs, slashing budgets, and pulling back hard as cheap oil from OPEC pushes prices deep ...

Oil markets have seen thin liquidity and rangebound prices this week, with ICE Brent hovering near $66 a barrel as traders ...

Africa's biggest oil refinery will on Friday start direct and free shipping of fuel to retailers in Nigeria, a move expected ...

A Russia-Ukraine peace accord would lower fuel prices, but any stalemate or escalation is a boon for the oil industry.

HOUSTON -Oil prices closed down nearly $1 on Friday as traders awaited talks between U.S. President Donald Trump and Russian leader Vladimir Putin, which could lead to an easing of the sanctions ...

ASTANA – Kazakhstan produced an average of 1.827 million barrels of oil per day in July, down 36,000 barrels from June, ...

World oil supply will rise more rapidly than expected this year and next as OPEC+ members further increase output and supply ...

Traders anticipate potential easing of US sanctions on Russian energy, which could boost supply amid concerns over slowing ...

Chevron has shipped its first Venezuelan oil cargoes to the US under a renewed license, marking a shift in US-Venezuela ...

Global appetite for oil is set to keep climbing over the next two years, according to OPEC’s August oil market report, which projects demand will reach 107.7 million barrels per day (bpd) in the final ...