China now drives short-term oil price moves as its opaque import patterns, refinery margins, and strategic stockpiling ...

World oil supply will match demand closely in 2026, OPEC data published on Thursday indicated, an outlook contrasting with projections from the International Energy Agency and others of a huge glut.

The Organization of the Petroleum Exporting Countries left its oil-demand outlook unchanged as it prepares to pause output hikes in early 2026, but modestly raised its forecast for this year’s supply ...

The U.S. Energy Information Administration quietly rewrote a key assumption about the global oil market this week: OPEC can ...

There’s a record 1.4 billion barrels of crude currently on the world’s oceans, pushing down benchmark prices and sending ...

Jimsar shale oil demonstration zone in Xinjiang has reached its annual crude output goal of 1.7 million tonnes 22 days ahead ...

Iraq is seeking to increase its OPEC oil quota by 300,000 bpd, potentially generating $10 billion annually to bridge the ...

OPEC+ faces a major oil oversupply in 2025, challenging production increases. The coalition has tried to boost oil prices by holding back output. Instead, members are ceding control to non-OPEC ...

OPEC+ pumped ​43.06 million barrels per day of crude in ‍November, OPEC said in a monthly report, ​up 43,000 bpd from the previous month ...

Crude oil futures are rising Monday after the Organization of the Petroleum Exporting Countries and its allies (OPEC+) on Sunday extended their output cuts by one month.

FILE - Saudi Arabia's Crown Prince Mohammed bin Salman, left, talks with Russian President Vladimir Putin, right, during the G-20 summit event on the Digital Economy in Osaka, Japan, on June 28, 2019.