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

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 ...

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

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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 ...

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

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

India has voiced concerns to U.S. lawmakers over a proposed 500% tariff on goods from countries purchasing Russian oil, ...

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 ...

Oil also powers less of the US economy these days. In 1975, petroleum accounted for 47% of the energy consumed in the United ...

(Reuters) -Brent crude will likely retrace to around $60 per barrel by early next year, with the market being well supplied ...

The OPEC Fund For International Development has pledged to provide more than $1bn in funding to Africa and developing ...