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 ...

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

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 ...

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

The Organisation of Petroleum Exporting Countries (OPEC) says its research estimates a huge oil market deficit of 23 million ...

Iraq emerged as the largest OPEC crude oil supplier to the United States in May, driven by strong export volumes and ...

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

Oil prices are under pressure as expectations grow that OPEC+ will announce a large supply increase for August. Given its ...

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 posts worst week since March 2023, down 12% on Israel-Iran ceasefire. OPEC+ production hike adds pressure but Friday ...

The Organisation of the Petroleum Exporting Countries (Opec) said it expected the global economy to remain resilient in the ...