The oil producers' group says there's no peak demand in sight in its latest outlook as consumption will continue to rise. But many disagree. Who may be proved right?

Concerns around tariffs and conflicts in the Middle East and Ukraine have taken a backseat to more fundamental factors affecting these markets.

By Deborah Kyvrikosaios and Lefteris Papadimas VARVASAINA (Reuters) -Greek olive oil producer Konstantinos Papadopoulos wasted little time when the threat of U.S. tariffs was floated by President Donald Trump in the spring.

Oil prices have slumped all year, and the industry has been hesitant to get onboard with "drill baby drill." One exec see prices nearing a dangerous level.

Iraq approved a plan for its semi-autonomous Kurdish region to transfer oil to Baghdad, a step toward resuming exports that have been halted for more than two years.

U.S. energy firms this week added oil and natural gas rigs for the first time in 12 weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output,

The Red Arrows have been flying at a popular air show with fuel made of vegetable oil. The RIAT event at the Royal Air Force (RAF) base in Fairford, Gloucestershire, is currently under way and celebrating its 40th anniversary, with planes showcased from across Europe.