Oil prices went up by 1.7% on Tuesday as markets grappled with the latest US sanctions on Russian oil against optimism that ...

Oil prices have oscillated in a relatively narrow range of $60 to $70 a barrel in recent months, reflecting both warnings ...

OPEC+'s surprise output increase signals a strategic shift from price defense to market-share dominance, reigniting the power ...

Oil prices gained on Tuesday as fresh U.S. sanctions on Russian oil disrupted exports and prompted Lukoil to declare force majeure at one of its Iraqi fields.

The organization said the implied market surplus of 2.7 million b/d in the third quarter of this year, the largest since 2020, underscores the persistence of the oversupplied market. While stockpiling ...

Companies such as BP and Chevron have announced large cutbacks that are reshaping the fossil fuel sector’s workforce. Oil and gas companies are cutting costs and firing thousands of employees as ...

Oil Crude prices recovered from a midday dip on Friday on hopes Hungary can use Russian crude oil as US President Donald ...

The United States produced a record-high 13.6 million barrels of crude oil per day in July, up from 13.5 million barrels per day (b/d) in June, the Energy Information Administration (EIA) said in its ...

Last month, we reported that commodity analysts at Standard Chartered have been bucking the overwhelmingly bearish sentiment pervading Wall Street, maintaining a decidedly bullish outlook even as oil ...

Global oil inventories are expected to rise through 2026, putting downward pressure on prices. China’s stockpiling has helped limit price declines, even as global supply increases. US crude oil ...

PBR's stock price moderation mirrors that of the normalizing Brent oil spot prices, thanks to the OPEC+ output hikes and the US's increased production through 2026. The management has opted to ...