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 ...

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 ...

Oil was little changed before an OPEC+ meeting that’s set to deliver another oversized production hike, threatening to swell ...

Oil prices fell slightly on Thursday as the possibility of U.S. tariffs being reinstated raised questions about demand ahead ...

The Organisation of Petroleum Exporting Countries (OPEC) says its research estimates a huge oil market deficit of 23 million ...

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 ...

West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session. WTI trades at $66.08 per barrel, down from Wednesday’s close at $66.75. Brent Oil Exchange Rate (Brent crude) ...

Crude futures settled lower. The market was restrained by the widely held view that OPEC+ will agree to bring back another 411,000 barrels a day in August.

Oil prices held steady on Monday as Middle East risks eased while a possible OPEC+ output increase in August and uncertainty ...

The price action came amid concerns that the coalition of oil-producing nations, known as OPEC+, might press ahead with its ...

Woodside Energy Group Ltd (ASX: WDS) shares have slumped 18% over 12 months amid the declining oil price. Here’s what to ...