Russia appears to be on the cusp of a debilitating oil-freight transportation problem because of US sanctions, writes ...

If demand rises with greater strength than expected in 2025, the oil price rally could be even more significant.

Oil edged higher in early Asian trade after falling overnight, but may continue to be weighed by rising U.S. stockpiles and trade uncertainty.

OPEC decided ... to stick with its plan - to lift production by 120,000 barrels per day every month for 18 months starting ...

Colombian president Gustavo Petro has ordered the state-run oil company Ecopetrol to cancel a joint venture with U.S.

Nigeria has set a target of boosting daily production to 2.7 million barrels of crude and condensate by 2027.This was disclosed by President Bola Tinubu’s Special Adviser on Energy, Olu Verheijen, ...

The meeting of the OPEC+ alliance ended on Monday with a decision to keep the current oil production policy unchanged. The OPEC+ members reaffirmed their commitment to production cuts aimed at ...

“One way to stop it quickly is for OPEC to stop making so much money ... The alliance last month put off increasing oil production as it faces weaker than expected demand and competing ...

when OPEC strategically curtailed its oil supply to the United States," the filing continues. "And although we’ve come a long way since then — building up domestic energy production capacity ...

“I'm also going to ask Saudi Arabia and OPEC to bring down the cost of oil." The remarks were the first of Trump's four-day-old presidency to global business and political leaders at a time when ...

However, that is now pushed back until September 2026. OPEC Dec crude production fell -120,000 bpd to 27.05 million bpd. Crude oil demand in China has weakened and is a bearish factor for oil prices.

As Nigeria’s crude output recovers from years of decline, the country is ready to negotiate a higher oil production quota with the Organisation of Petroleum Exporting Countries (OPEC). This strategic ...