Global oil production fell by 1% in 2024 while demand continued to grow, widening the supply gap, OPEC reported.

The first half of the year saw significant oil price volatility influenced by U.S. trade policies, OPEC+ production decisions ...

A roundly solid week for the stock market left the Nasdaq and S&P 500 at new highs, and the Dow sitting just a half percent ...

Gas prices drop ahead of Independence Day, with Chicago's average at $3.65 and the national at $3.16 per gallon.

Oil futures were little changed on Wednesday as investors are wary ahead of a meeting of major producers this week to ...

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Saudi Arabia's oil exports jumped to the highest level in more than a year in June as the kingdom shipped more crude to ...

Oil prices dipped on Thursday as analysts weighed the implications of the U.S. tariffs set to be imposed only July 9, as well as the likelihood of the Organization of the Petroleum Exporting Countries ...

The Organisation of the Petroleum Exporting Countries (OPEC) has projected a potential shortfall of 23 million barrels per day (bpd) ...

We expect ministers will continue the unwinding of the November 2023 tranche of cuts', analysts at Standard Chartered Bank ...

The EIA revealed on Tuesday that the United States imported over 30 million barrels of crude oil from OPEC countries in May.

The NYMEX August West Texas Intermediate contract was down by 53cts to $66.92/bbl and September WTI was off by 51cts to $65.50/bbl. Both the September and October Brent crude contracts were 47cts ...