News

In a shocking move that’s rattling global oil markets, OPEC has delivered a powerful blow to the U.S. energy ...
The trading slump may be confined to Shell, the biggest European energy company, but it could also be indicative of ...
OPEC+ jolted markets by announcing it would flood the market with more oil.
NEW YORK] The latest oil supply shockwave unleashed by Organization of the Petroleum Exporting Countries and its partners ...
Global oil production fell by 1% in 2024 while demand continued to grow, widening the supply gap, OPEC reported.
Petroleum futures were trading higher ahead of midday Tuesday, led by gains in refined product contracts. Gasoline futures were up by about 1.4% at about 11:15 a.m. ET. The NYMEX August RBOB contract ...
The Trump administration on Monday wound down a license allowing shipments of liquefied petroleum gas (LPG) to Venezuela's ...
The Organization of the Petroleum Exporting Countries and its allies agreed to boost output again next month by larger than ...
OPEC was formed by five petroleum-rich countries in 1960. At the time, the global oil market was dominated by a group of multinational, Anglo-American companies known as the “Seven Sisters.” ...
Crude oil outlook turns bearish as geopolitical risks ease, OPEC plans a supply hike, and demand signals remain weak ahead of ...