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

Oil prices pulled back during Asian trading on Thursday, giving up some of the strong gains recorded in the previous session ...

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

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

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

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 ...

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 ...