That would "definitely amp up the risk," and with reports that the U.S. is looking to toughen sanctions on Russia, there may be "some protection buying in the [oil] complex," Phil Flynn, senior market ...

Oil futures gain for a third straight session, supported by Middle East risk premium, anticipation that stimulus measures will improve China's economic performance and U.S. inflation data for November ...

Global oil demand is expected to rise by 1.61 million barrels per day in 2024, a slight downwards revision from last month’s ...

Oil prices settled more than $1 higher on Wednesday after the European Union agreed to an additional round of sanctions ...

Oil prices continued its steady move higher on Wednesday, up around 1.27% at the time of writing. This is a slight surprise ...

OPEC's crude oil production increased in November, primarily due to higher output from Libya and Iran, despite the OPEC+ ...

OPEC has cut oil demand growth forecasts for 2024 and 2025 for a fifth straight month, with the latest cut so far the deepest.

Exxon Mobil will raise capital spending next year as its $60 billion purchase of Pioneer Natural Resources increases its oil production plans, threatening to worsen an expected crude glut.

OPEC Further Trims Oil-Demand Forecast After Output-Hike Delay The Organization of the Petroleum Exporting Countries cut its forecast for oil-demand growth for the fifth consecutive month after ...

According to OPEC data, oil production in Russia was 9.029 mln bpd in August, 9.001 mln bpd in September, 9.01 mln bpd in October ...

Global oil demand in 2024 has disappointed, with growth of less than 1m b/d expected this year. Read more here.