The early signs are promising, hinting that this upward momentum will carry into February', analysts at J.P. Morgan said.

Global oil demand will likely be close to current levels in 2040, energy and commodities trader Vitol said in its long-term ...

and catapulted the impoverished South America country firmly onto the global oil map. OilPrice points out that the offshore Guyana-Suriname Basin is being called the world’s most exciting oil ...

In its long-term oil demand outlook, Vitol said Monday that global oil demand could reach almost 110 million b/d at the end of 2030 and is likely to remain at that level until it begins to decline ...

Bank of America cut its 2025 global oil surplus estimate to 100,000 bpd from a previous estimate of 750,000 bpd, citing US sanctions on Russia and, the hawkish tone on Iran and Venezuela and OPEC+ ...

US drivers could get some relief at the pump in the next two years as oil supply surpasses global demand, according to the US Energy Information Administration. The agency said US gasoline prices ...

In December, Ukrainian drones targeted oil depots and refineries in Smolensk, Oryol, Bryansk and Rostov — an area that had ...

Global oil demand posted an annual growth of 1.5 million b/d in the quarter, the strongest level since fourth-quarter 2023, exceeding IEA’s previous forecast. Global oil demand rose seasonally ...

Crude prices today added to last Friday's gains after the US ratcheted sanctions against Russian crude oil, threatening to tighten global supplies. Today's rally in the dollar index (DXY00 ...