Global oil prices remain surprisingly low despite the ongoing war in Iran. China's drastic cut in oil imports is a major factor. Demand des...

Why are oil prices up now and will Brent futures and US WTI crude prices continue to rise or decline again? Oil markets moved higher after ...

OPEC oil output in May plummeted to its lowest in over two decades, dropping by 1.06 million barrels per day. This significant decline was ...

The reopening of the Strait of Hormuz could trigger a faster-than-expected recovery in global oil supplies. With tankers already positioned...

Seven OPEC+ nations will boost oil production by 188,000 barrels per day in July 2026, marking a second consecutive monthly increase. This ...

OPEC+ ministers decided Sunday to increase oil quotas by a total 188,000 barrels per day for July, in a move analysts said would be unlikel...

OPEC+ ministers are meeting to discuss increasing oil production quotas to combat surging prices, which have doubled since Strait of Hormuz...

OPEC+ is set to raise its oil output targets for the fourth straight month, a strategic move amidst production hurdles faced by some of its...

Rosneft CEO Igor Sechin stated that American energy companies are benefiting most from the closure of the Strait of Hormuz. He believes the...

Renewed Middle East tensions are driving oil prices higher, fueling inflation and economic growth concerns. Despite market optimism, signif...

Indian refiners sought oil from Latin America and Africa as Middle East supplies faced disruptions. Imports from Venezuela, Brazil, Angola,...

Oil prices saw a volatile week as hopes for a U.S.-Iran peace deal, which would normalize shipping through the Strait of Hormuz, fluctuated...

India today is a more than four-trillion-dollar economy with stronger external reserves, wider energy relationships, greater diplomatic rea...

Oil prices saw a rise on Friday amid doubts about U.S.-Iran peace talks. Investors are concerned about Middle East instability and potentia...

India's crude oil imports see a significant shift this May. Venezuela has become the third-largest supplier, surpassing Saudi Arabia and th...

Seven key OPEC+ oil nations are poised to increase July output by approximately 188,000 barrels per day. This decision comes as the group m...

Saudi Arabia's oil exports and production reached historic lows in March. The ongoing Iran war has severely impacted global energy markets....