Global oil production fell by 1% in 2024 while demand continued to grow, widening the supply gap, OPEC reported.

ADNOC has restored most of the Murban crude supply to its partners after July cuts, while planning lower export volumes from ...

Oil prices fell slightly on Thursday as the possibility of U.S. tariffs being reinstated raised questions about demand ahead ...

SINGORE -Oil prices fell on Thursday after gaining 3% in the previous session as investors are wary higher U.S. tariffs may be reinstated, which could cause lower fuel demand, and as major producers ...

West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session. WTI trades at $66.08 per barrel, down from Wednesday’s close at $66.75. Brent Oil Exchange Rate (Brent crude) ...

Amid ongoing tensions in the Middle East between Israel and Iran, a commodities expert says he expects oil prices to remain ...

Additionally, the Organization of the Petroleum Exporting Countries (OPEC) and its allies such as Russia, known as OPEC+ will ...

After yesterday’s rally on renewed Middle East geopolitical risk premium, the market was restrained by the widely held view that OPEC+ will agree to bring back another 411,000 barrels a day in August.

The decrease comes after US President Donald Trump, who has encouraged US producers to "drill, baby, drill," doubled tariffs ...

The management of Najaf Refinery announced on Thursday that it is planning to increase the production capacity by 70,000 ...

Oil prices moved higher yesterday, with ICE Brent settling just shy of a 3% gain on the day, ING's commodity experts Ewa ...