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 ...

OPEC has rejected U.S. calls for increased oil production, stating that the cartel's decisions are based on market fundamentals and not political considerations.

U.S. oil production is poised to set a larger record this year than prior estimates, the U.S. Energy Information ...

Oil prices settle lower as U.S. crude supplies fall but product stocks rise Weekly gasoline stockpiles climb by more than 6 million barrels, EIA says Last Updated: Jan. 8, 2025 at 3:22 p.m. ET ...

Prices dipped after Trump announced he would ask Saudi Arabia and OPEC to bring down the cost of oil during his speech at the World Economic Forum in Davos, Switzerland. "Trump's call for lower ...

(Reuters) - Citi (C) on Wednesday raised its oil price outlook for 2025 due to geopolitical ... out a sweeping plan to maximise oil and gas production, including declaring a national energy ...

Investing.com-- Oil prices steadied Wednesday after logging some losses this week on US President Donald Trump’s declaration of a national emergency to ramp up energy production. At 08:35 ET ...

The American Petroleum Institute (API) estimated that crude oil inventories in the United increased by 1 million barrels for the week ending January 17. Analysts surveyed by Reuters had expected ...

Trump, who said that he will be declaring a “national energy emergency” to boost US oil and gas production ... bring prices down, fill our strategic (petroleum) reserves up again, right to the top, ...

WASHINGTON, Jan 22 (Reuters) - U.S. oil and gas producers are ... up already record high domestic energy production, sending a signal to the rest of the world the U.S. will no longer engage ...

but drivers may end up paying more at the pump in the coming months despite his plans to lift U.S. oil production. The biggest reason gasoline prices are likely to climb is “seasonality,” said ...