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.

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 ...

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

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

The physical volume of oil exports by OPEC countries in 2024 decreased by 3.55% to 19.01 mln barrels per day. OPEC's share of global oil deliveries was 43.96% last year, which is slightly lower than ...

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

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

Price have been kept in check by expectations that the Organization of the Petroleum Exporting Countries and its allies including Russia, know as OPEC+, will boost its August crude oil output by an ...

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 ...

Oil markets are now refocused on OPEC production as the geopolitical concerns dim somewhat following the Iran-Israel ...

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 ...

On Tuesday, oil prices fell to their lowest levels in three weeks, retreating to figures last seen before the recent ...