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

The first half of the year saw significant oil price volatility influenced by U.S. trade policies, OPEC+ production decisions ...

The downside of the Oil prices could be restrained as on Thursday, the US Treasury and State departments announced separate sanctions against a network that smuggles Iranian oil disguised as Iraqi Oil ...

Oil prices dipped on Thursday as analysts weighed the implications of the U.S. tariffs set to be imposed only July 9, as well as the likelihood of the Organization of the Petroleum Exporting Countries ...

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 ...

The Organisation of the Petroleum Exporting Countries (OPEC) has projected a 23 million barrels per day oil supply shortfall by 2023 without upstream investments of up to $17.4 trillion. It said the ...

The EIA revealed on Tuesday that the United States imported over 30 million barrels of crude oil from OPEC countries in May.

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The Organisation of the Petroleum Exporting Countries (OPEC) has projected a potential shortfall of 23 million barrels per day (bpd) ...

Oil prices ticked down on Tuesday as prospects of more supply from OPEC and allies weighed on market sentiments.

Oil is likely to rise by $3-$5 per barrel when trading resumes on Sunday evening after the U.S. attacked Iran at the weekend, ...

Oil prices have stabilised at pre-Middle East conflict levels following the start of the ceasefire. Expanding the oil supply ...