Compensations by OPEC+ ‘debtors’ in January were expected at 120,000 bpd of oil from Iraq and 65,000 bpd from Kazakhstan, according to the latest released schedule ...

Russia may be forced to throttle back its oil output in the coming months as U.S. sanctions hamper its access to tankers to ...

World oil output without the US increased by 692 kb/d to 68,304 kb/d. November’s production is expected to increase by 238 kb ...

Gas prices in the West Coast are about to surge by as much as 10 to 45 cents a gallon over the next couple weeks, says one ...

Crude oil futures climbed to a two-week high Tuesday, as concerns over sanctions on Russian and Iranian oil supplies as well as rising Middle East tensions outweighed worries that a potential trade ...

Decisions made by oil producer group OPEC take a long-term view of the global markets and are aimed at providing price stability, Secretary General Haitham Al Ghais said at the India Energy Week ...

The Special Adviser to President Bola Ahmed Tinubu on Economic Matters, Dr. Tope Fasua, has cautioned Africa not to be carried away ...

Oil has long been the engine that powers the world. Countries rely on it to fuel cars, planes, factories, and economies. Its ...

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

The frenetic activity at Gopinath Bordoloi International Airport is impossible to miss these days. As you step outside, the ...

The Future Growth Project (FGP) is designed to raise the onshore field’s crude production by 260,000 ... could satisfy the annual oil demand of entire countries, according to Chevron.

In other words, how the cartel adjusts production to shift supply matters to other oil-producing countries. This dynamic was illustrated in 2020. A disagreement between Saudi Arabia and Russia led ...