Brazil’s oil production hit a record 4.24 million barrels per day in March 2026, driven largely by ultra-deepwater pre-salt developments in the Santos Basin. Petrobras, Shell, and Equinor are pouring ...

Global oil demand is set to exceed supply in the current year amid the ongoing conflict in the Middle East, reversing previous projections of a surplus. According to the May 2026 Oil Market Report by ...

Roger Altman, Evercore founder and senior chairman, joins 'Squawk Box' to discuss the latest market trends, state of global oil markets, impact of rising oil prices, state of the economy, his thoughts ...

U.S. shale producers have the lowest stock of drilled-but-uncompleted wells on record, limiting their ability to move quickly ...

Global oil stockpiles have provided a cushion for the severe production disruptions caused by the U.S. and Israel war’s with Iran — and the resulting near-standstill of shipping traffic through the ...

LONDON, May 12 (Reuters) - Russia has revised down numerous oil and gas forecasts for the next three years, including on crude and gas output as well as exports, the economy ministry said on Monday in ...

Supercar ownership in this day and age cannot be fun. The seemingly never-ending war in Iran has put a chokehold on gas and foreign product pricing, and President Trump's on-again, off-again tariffs ...

SANTA PAULA, Calif.—As he slowly pulled his beige van into the driveway following a trip to the hardware store for garden supplies, Ethan Higbee didn’t suspect anything was wrong. Then he got out of ...

'From the onset of the [U.S.-Iran] conflict, we deliberately refrained from publishing price targets for two months', J.P. Morgan analysts said. Image by mim.girl via iStock In a report sent to ...

Oil production among OPEC members has fallen more than 30%, or 9.7 million bpd, since the Iran war started in late February. OPEC also lowered its demand growth forecast for 2026 to around 1.2 million ...

Common travel mistakes made during a long Europe trip and how to avoid them. Key points include using public transportation instead of rideshares, carrying some cash for small purchases, booking ...

An underappreciated surplus of crude oil, sloshing around storage tanks and aboard ships, cushioned the global economy when the Persian Gulf closed 2½ months ago. That excess supply is now dwindling ...