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 ...

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

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

Brent crude futures fall 45 cents, or 0.65%, to $68.66 a barrel by 0645 GMT. US West Texas Intermediate crude declines 44 ...

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) ...

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

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 ...

The management of Najaf Refinery announced on Thursday that it is planning to increase the production capacity by 70,000 ...

Oil prices rose 3% on Wednesday as Iran suspended cooperation with the U.N. nuclear watchdog and the U.S. and Vietnam reached ...