WTI Oil prices remain contained within a $60.00 to $63.00 range. Crude prices have been capped again at the $63.00 area, ...

Iraq's oil ministry said on Thursday it holds the Kurdish regional government (KRG) legally responsible for the continued ...

U.S. companies are facing economic headwinds that are reducing incentive to continue high production levels of oil.

Big moves, though not big enough to sink oil prices. You might, therefore, think that OPEC + is in total control. After all, ...

OPEC+ launched a major initiative to define maximum sustainable production capacity (MSC) by 2027, an iniative that could ...

Some analysts expect the loss in Canadian supply to offset more than half the increases next month planned by OPEC+.

Iran is shipping less oil to China, as toughening sanctions snarl the OPEC producer’s shipments and refinery demand falls in ...

Oil prices edged lower on Wednesday after U.S. data showed larger-than-expected inventories of gasoline and diesel, adding to ...

Saudi Arabia and the United Arab Emirates see a chance to ratchet up production in July, the third consecutive month of ...

Oil exporting group Opec+ has announced a further unwinding of production cuts, but the impact on tanker demand may be more ...

Saudi Arabia, Iraq, Kuwait, Kazakhstan, Oman, Algeria, Russia and the United Arab Emirates -- referred to as OPEC's Group of 8 -- announced 2.2 million b/d of voluntary cuts in November of 2023, and ...