OPEC on Wednesday stuck to its forecast for relatively strong growth in global oil demand in 2025, saying air and road travel ...

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 ...

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

U.S. crude oil inventories increased for a third consecutive week while gasoline stocks declined for the first time in three ...

(read more) The commodity of crude oil is by far the world’s most important energy source and the price of oil therefore plays an important role in industrial and economic development.

Russia’s crude output fell to 8.962 million barrels a day in January, 16,000 barrels a day below its target under the OPEC+ ...

China, the world's biggest crude importer, had excess crude oil of about 1.5 million bpd in ... Diesel demand was also hit by the increasing use of trucks powered by liquefied natural gas and ...

Traders say for the time being the price cap imposed on products that trade at a premium to crude, principally diesel - which stands at $100 per barrel - still leaves room for a profit. Russian diesel ...

Refiners are awaiting clarity and preparing for U.S. President Donald Trump's threatened tariffs on crude imports from Canada and Mexico. Trump said on Friday that he would lower threatened tariffs on ...

March WTI crude oil (CLH25) Friday closed down -0.20 (-0.27%), and March RBOB gasoline (RBH25) closed down -0.0067 (-0.32%). Crude and gasoline prices settled moderately lower on Friday, with ...

U.S. crude oil stocks increased more than expected as production picked up, while the build in gasoline stocks extended to almost three months, according to data released Wednesday by the U.S. Energy ...