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

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

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

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 ...

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 ...

Aug 12 (Reuters) - The U.S. Energy Information Administration on Tuesday forecast Brent crude oil spot prices will average less than $60 per barrel in the fourth quarter, which would be the first ...

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

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 ...

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 ...

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 ...

Crude oil futures stayed under stress on oversupply fears. WTI Crude eased under $60 per barrel to test three-week low after the US Energy Information Administration or EIA ...