The world oil market will see a small surplus in 2026 after OPEC+ production increases and higher supply from other producers ...

Global oil inventories surged in September, reaching their highest level since July 2021, while oil in transit or stored on water also saw a notable increase. Preliminary data for October points to ...

Oil prices tumbled over 2.5% as new projections from OPEC and the IEA indicated a more balanced, softer market outlook and ...

The futures are trading lower for the fourth consecutive day, following deep selling on Monday, particularly in some of the ...

Chevron Corp. and Exxon Mobil Corp. plan to boost their oil and gas production over the next five years, even as falling oil prices may leave investors scratching their heads at the companies' moves.

Most traders expect OPEC+ to continue raising oil production next year despite growing signs of oversupply and weaker demand ...

Abu Dhabi has opened a major oil summit with optimism about rising energy prices ABU DHABI, United Arab Emirates -- Abu Dhabi opened a major oil summit Monday with officials offering bullish optimism ...

The global oil market faces an even bigger surplus next year of as much as 4.09 million barrels per day as OPEC+ producers and rivals lift output and demand growth slows, the International Energy ...

The cartel’s estimates remain well above the International Energy Agency’s.

Oil prices have experienced a notable decline, with West Texas Intermediate (WTI) crude dropping to $58.97 and Brent crude falling to $63.01. This downturn is attributed to rising U.S. crude ...