U.S. crude oil inventories rose last week as refinery maintenance continued, while gasoline stockpiles posted a surprise draw.

Jefferies estimates that VLCC utilisation was at 83% before US sanctions started ramping up last October. The number has ...

Russia, Iraq and Kazakhstan faced exceeding production limits and promised to compensate for overproduction by the end of ...

Oil futures looked to post a loss Wednesday, their first in four sessions, after official U.S. data revealed a third straight ...

Crude oil inventories in the United States saw a build of 4.1 million barrels during the week ending February 7 ...

According to the STEO, the EIA sees the Brent spot price averaging $74.50 per barrel this year and $66.46 per barrel next ...

China, India, other Asian countries, as well as Latin American and Middle Eastern states, are expected to be the main drivers of oil demand growth ...

The Organization of Petroleum Exporting Countries (OPEC) has kept its global economic growth forecasts steady, with expectations of 3.1% growth in 2025 and 3.2% in 2026, according to its monthly oil ...

Russia’s oil production totaled 9.01 mbd in November 2024, and 9.004 mbd in December, according to OPEC. Output averaged 9.250 mbd in Q2 2024, 9.058 mbd in Q3, and 9.015 mbd in Q4.

Brent futures were down 77 cents or 1 per cent at $76.23 a barrel by 1230 GMT, while US West Texas Intermediate (WTI) crude ...

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

OPEC has downgraded the forecast for the U.S. oil and condensate production in 2025 by 50,000 barrels per day.