Saudi Arabia is asking the companies that OPEC uses for independent analysis of oil-production levels to submit a lower figure for the kingdom’s June output, according to people familiar with the ...

Saudi Arabia raises crude oil prices to a four-month high as demand from China surges and domestic energy consumption peaks.

According to the IEA, the global oil market could be under more pressure than anticipated, even though official figures point ...

WASHINGTON - The Department of Energy on Friday said it is providing ExxonMobil with up to 1 million barrels of crude oil from the federal government's Strategic Petroleum Reserve to offset a supply ...

The start-up of an offshore well caused zinc contamination in Mars crude, Chevron said on Friday, leading to the tightening ...

Conflicting supply/demand market signals this week had oil prices gyrating daily. The second-consecutive weekly inventory ...

Rob Wilson of East Daley notes that prices rode a roller coaster in the second quarter, plunging early in the quarter on ...

A damaged pipe just north of the lake leaked 2,600 barrels of crude oil in early May, according to a report by the Environmental Protection Agency.

In its July Short Term Energy Outlook, the agency increased its price forecast for West Texas Intermediate through the end of ...

The total number of active oil and gas drilling rigs in the United States has decreased again this week, alongside a dip in ...

BofA said it still expects the Brent price to average $64/bbl in H2. On Friday morning, London-based September Brent prices traded at around $70/bbl, which was well below their 2025 high at above ...

Russia’s oil and gas revenues plunged 14% in June year-on-year, with budget income hitting its lowest since January 2023 ...