Iranian foreign minister Abbas Araghchi posted on Friday on X that an agreement "has never been closer". He gave no details, saying a final...

JP Morgan's revised framework assumes that the pace ⁠of ⁠oil inventory depletion will ultimately force the Strait to reopen "one way or ano...

India's tax office has challenged treaty benefits claimed by Jane Street's Singapore arm, suspecting ₹8000 crore in escaped income. The dep...

Goldman Sachs predicts gold will reach a new record of $4,900 per ounce by 2026. This surge is driven by central bank purchases and anticip...

Goldman said China demand news was mixed and suggested that weakness in macro data was concentrated outside the oil-intensive services sect...

Brent crude futures were up 54 cents, or 0.7%, at $74.23 a barrel by 1105 GMT. West Texas Intermediate crude futures (WTI) rose 43 cents, o...

"As a natural corollary to the India IEA strategic partnership, Dr Birol invited India to deepen its cooperation with IEA by becoming a ful...

Industry data showed US crude oil and gasoline inventories fell last week, while the US Energy Information Administration raised its foreca...

The experts panel, known as the Joint Technical Committee, met on Tuesday ahead of a ministerial meeting on Thursday to decide oil output p...

The buoyancy in price has more to do with restricted supplies than improvement in the global demand, which dropped by 8.8% in 2020.

A panel of officials from OPEC+ producers, called the Joint Technical Committee, considered this worst-case scenario during a virtual month...

The surplus seen between May and July ought to be compensated for in August and September, the report said.

The rally in prices has also been aided by the fact that output cuts by the Opec may extend beyond 2018.

While the near term trend still remains positive, oil prices could see some correction.

Opec output also continues to be lower in YoY comparisons and compliance is improving.

Crude oil prices are likely to remain flat as the market lacks decisive triggers.

OPEC's current output, 40% of the world's oil, stands at about 32 million barrels per day. Winner in volatile mkts | Tips to beat inflation...