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

ADNOC has restored most of the Murban crude supply to its partners after July cuts, while planning lower export volumes from ...

Barclays on Thursday said it raised its Brent oil price forecast by $6 to $72 per barrel for 2025 and by $10 to $70 a barrel for 2026 on an improved outlook for demand.

Oil prices fell slightly on Thursday as the possibility of U.S. tariffs being reinstated raised questions about demand ahead ...

SINGORE -Oil prices fell on Thursday after gaining 3% in the previous session as investors are wary higher U.S. tariffs may be reinstated, which could cause lower fuel demand, and as major producers ...

West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session. WTI trades at $66.08 per barrel, down from Wednesday’s close at $66.75. Brent Oil Exchange Rate (Brent crude) ...

Amid ongoing tensions in the Middle East between Israel and Iran, a commodities expert says he expects oil prices to remain ...

Crude futures settled lower. The market was restrained by the widely held view that OPEC+ will agree to bring back another 411,000 barrels a day in August. U.S. natural gas futures fell going into the ...

Additionally, the Organization of the Petroleum Exporting Countries (OPEC) and its allies such as Russia, known as OPEC+ will ...

Shares of energy companies was more or less flat as oil futures fell ahead of an OPEC+ meeting in Vienna. The cartel is almost certain to increase production caps. The price of oil has been under ...

Crude prices slip after a brief rally, pressured by weak China and US demand data, looming US tariff hikes, and anticipated ...

Crude futures were steady as expectations of OPEC+ agreeing this weekend to unwind another 411,000 barrels a day of output cuts in August kept a damper on further gains, while U.S. June payrolls came ...