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

The first half of the year saw significant oil price volatility influenced by U.S. trade policies, OPEC+ production decisions ...

Oil prices dipped on Thursday as analysts weighed the implications of the U.S. tariffs set to be imposed only July 9, as well as the likelihood of the Organization of the Petroleum Exporting Countries ...

Oil was little changed before an OPEC+ meeting that’s set to deliver another oversized production hike, threatening to swell ...

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

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 ...

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) ...

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.

Crude futures settled lower. The market was restrained by the widely held view that OPEC+ will agree to bring back another 411,000 barrels a day in August.

Woodside Energy Group Ltd (ASX: WDS) shares have slumped 18% over 12 months amid the declining oil price. Here’s what to ...

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 ...