Major Wall Street banks modestly lifted their oil-price forecasts after geopolitical risks flared in the Middle East, but concerns over a global supply glut and uncertain demand prospects continue to ...

Oil edged higher for a second day as traders turn their focus to key supply and economic indicators over the course of the week.

The Organisation of the Petroleum Exporting Countries (OPEC) has projected a 23 million barrels per day oil supply shortfall by 2023 without upstream investments of up to $17.4 trillion. It said the ...

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri yesterday said the Federal Government has ...

Crude oil prices held steady as traders balanced expectations of rising OPEC+ supply with a surprise U.S. inventory build.

Chevron (NYSE:CVX) and TotalEnergies (NYSE:TTE) are said to be competing in Libya’s first energy exploration tender since the 2011 conflict, the country’s state-run oil firm said, as the OPEC member ...

Saudi Arabia, OPEC’s top oil producer, earned $179 billion in 2024, making up about a third of the group’s total revenue..

According to data from oil service provider Baker Hughes, the number of active oil rigs in the US fell by a further six last ...

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

Gas prices are expected to average between $3.10 and $3.15 per gallon nationally this Fourth of July, according to GasBuddy, ...

Bearish oil traders foresee a world soon to be awash in crude, but it might be a lot harder to oversupply the market than widely thought, thanks to one overlooked factor - at least according to one ...

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