In 2024, crude oil inventories dropped by more than 12 million barrels, according to the API’s inventory data, with the downward trend continuing beyond the new year.

The Energy Information Administration (EIA), in its January Short-Term Energy Outlook, is forecasting global oil prices ...

OPEC expected growth in 2025 is unchanged from last month’s report and the 2026 estimate for World liquids growth is the same ...

A US court has ordered a re-auction of Venezuela's PDV Holding, the parent company of Citgo, after creditors rejected a ...

Crude oil futures faced continued pressure as U.S. President Trump renewed calls for OPEC to lower prices.The Trump administration’s efforts to expand U.S. oil and gas output have added to the ...

Oil prices fell about 2% to a two-week low on Monday as news of surging interest in Chinese startup DeepSeek's low-cost ...

U.S. President Donald Trump is expected to pressure Saudi Arabia and OPEC to lower oil prices, a move that could eventually ...

Chevron expects Kazakhstan's Tengiz oil field, one of the largest of its kind in the world, to produce 1 million barrels of ...

OPEC's forecast for global oil-demand growth in 2025 was little changed at 1.4 million barrels a day, and the organization said it expects 2026 demand to grow by the same amount. That would bring ...

Global oil markets will face a widening glut in 2026 as OPEC brings back production and output from the US, Canada and Guyana ...

Oil prices slipped at market open on Tuesday but remained near four-month highs as Chinese and Indian buyers sought new suppliers in the wake of the Biden administration's toughest sanctions yet ...

India emerged as a vital buyer of Russian crude after Moscow’s 2022 invasion of Ukraine, and China is the world’s largest oil importer ... at their disposal. OPEC itself will issue its ...