According to the IEA, the global oil market could be under more pressure than anticipated, even though official figures point ...

Saudi Arabia’s energy ministry stated that the kingdom remained fully compliant with its voluntary OPEC+ production target in ...

Oil prices rose over 2% on Friday as investors weighed a tight short-term market against the potential surplus this year ...

BofA said it still expects the Brent price to average $64/bbl in H2. On Friday morning, London-based September Brent prices traded at around $70/bbl, which was well below their 2025 high at above ...

Saudi Arabia reportedly overshot its June oil production quota by 700,000 barrels per day, raising questions about OPEC+ ...

Venezuelan state-run PDVSA's oil sales abroad in 2024 stood at $17.52 billion, according to a results document seen by ...

The energy major warned that lower oil and gas sales could drag on its results, though upstream production is expected to rise quarter-on-quarter. Find insight on BP, oil prices, Embraer and more in ...

OPEC+ increases oil output amid falling prices and inflation relief, raising concerns over climate targets and green energy ...

The world oil market may be tighter than it appears despite a supply and demand balance pointing to a surplus, the International Energy Agency (IEA) said on Friday, as refineries ramp up processing to ...

Here's a look at what happened in oil markets in the week of July 7-11 and what the focus will be on in the days to come.

Saudi Arabia is asking the companies that OPEC uses for independent analysis of oil-production levels to submit a lower ...

The organisation has raised its long-term outlook, driven by increased consumption in developing nations, and sees no ...