The sun begins to set behind crude oil tanks and a pumpjack Tuesday, July 5, 2022 in Midland, Texas. (Odessa American/Eli Hartman) The global oil market just got something of a double boost from a ...

FILE - The sun sets behind an idle pump jack near Karnes City, USA, April 8, 2020. Oil prices are sagging amid fears of recessions across the globe. OPEC and allied countries are weighing what to do ...

OPEC+ will likely raise oil output again in November as the group continues its strategy to reclaim global market share, according to people familiar with its plans. Image by Torval Mork via iStock ...

Last month, following a collapse in the price of Brent crude to a four-year low, Saudi Arabia and its OPEC-plus partners announced their second consecutive monthly supply hike. Doubtless this will be ...

ICE Brent was trading above $65/bbl while NYMEX WTI was seen approaching $62/bbl this morning, amid a modest OPEC+ production increase for November and higher geopolitical risks. Recent reports ...

LONDON (Reuters) -OPEC said the global economy may perform better than expected in the second half of the year despite trade conflicts and refineries' crude intake would remain elevated to meet the ...

Oil prices came under pressure yesterday with ICE Brent settling more than 2.2% lower, taking it back below US$70/bbl. The sell-off came despite reports suggesting that OPEC+ is near the end of its ...

OPEC and a Russia-led group of producers failed to agree on how to meet fast-rising demand from the industrialized world, as the club of rich nations emerges from pandemic lockdowns. This week’s ...