OPEC+ is likely to go ahead with big production hikes in August and September, HSBC said, adding that deteriorating fundamentals raised downside risks to prices and its $65 assumption from 4Q onwards.

Crude oil prices are heading for a weekly gain fueled by U.S.-China trade optimism and geopolitical supply risks despite signs of weakening demand.

West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $62.43 per barrel, down from Thursday’s close at $62.65. Brent Oil Exchange Rate (Brent crude) is ...

SINGORE -Oil prices slipped on Friday but were on track for their first weekly gain in three weeks after U.S. President Donald Trump and Chinese leader Xi Jinping resumed trade talks, raising hopes ...

West Texas Intermediate (WTI) US Crude Oil prices oscillate in a narrow band, around mid-$62.00s during the Asian session on ...

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Broker Clarksons puts the newbuilding price of a conventional marine fuelled VLCC at $125m, down 3% from last year’s pricing ...

Iraq's oil ministry said on Thursday it holds the Kurdish regional government (KRG) legally responsible for the continued ...

New oil industry data shows Powder River Basin wells breaking even at $60 per barrel as global market forces create ...

Oil Prices Flat as Market Weighs OPEC+ Output Hikes, Canada Wildfires Oil rose, and while the market has so far managed to absorb additional supply from OPEC+, continued production ramp up could lead ...

In 1977, in the aftermath of a devastating oil embargo by Arab members of OPEC, America's political leaders called for strong action. Congress responded by creating a strategic petroleum res ...