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 US Energy Information Administration (EIA) has projected a notable decrease in crude oil prices, anticipating that global oil supply will significantly outpace the demand for petroleum products.

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 ...

Oil extended overnight price declines in the early Asian session amid many headwinds.

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 ...

ET's recent underperformance may be attributed to the mixed market sentiments surrounding the energy sector, as the OPEC+ cuts/ ramping-up US outputs trigger lower spot prices. This is worsened by the ...

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 ...

Standard Chartered has reported that the Indian pivot away from Russia has triggered a spike in oil product prices even as ...