Oil prices are defying the odds right now, rising despite a near-certainty that the oil market will be oversupplied in a ...

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

Oil edged lower in the early Asian session amid lingering supply concerns.

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

Big moves, though not big enough to sink oil prices. You might, therefore, think that OPEC + is in total control. After all, ...

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

Some analysts expect the loss in Canadian supply to offset more than half the increases next month planned by OPEC+.

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

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 ...

Downward pressure on oil prices may lead to relief at the pump this summer. A headline in the New York Times this weekend ...

The world’s largest group of oil producers, OPEC+, stuck to its guns on Saturday with another big increase of 411,000 barrels ...

Hedge funds loaded up on the most bearish bets against Brent crude since October as the market braced for a fresh injection ...