OPEC oil output edged lower in April despite a scheduled output hike taking effect, a Reuters survey found, led by a cut in ...

Kazakhstan has no plans to reduce its record-high crude and condensate output in May, further straining the OPEC+ alliance by ...

Until recently OPEC + was showing restraint. Strict quotas, cutting the group’s production by nearly 6m b/d, were introduced ...

The oil market appears to be telling Saudi Arabia that its shift to pumping more oil after five years of cutting output was ...

Oil prices may have no relief from further downside in the second half of 2025 with increased supply from the OPEC+ flooding ...

The oil market has entered choppy waters once again. Crude prices fell by a dramatic 18% in April y/y — the sharpest monthly ...

LONDON -Oil prices rose over 1% on Thursday, buoyed by hopes of a breakthrough in looming trade talks between the United States and China, the world's two largest oil consumers. Brent crude futures ...

It is very easy to fall for the temptation of layering various types of conspiracy theories together as explanations of ...

Oil futures headed higher on Thursday, supported by potential progress on international trade agreements. U.S. Treasury Secretary Scott Bessent plans to meet with China’s top economic official in ...

The decision of ExxonMobil to invest $1.5 billion in deepwater oil projects in Africa’s biggest oil-producing country is ...

Muhammad bin Salman, the crown prince and de facto ruler, often known as MBS, has been trying for a decade to ease Saudi ...

Phillips 66 shares have underperformed, losing about 25% over the past year, due to weak refining margins and macroeconomic ...