Geopolitics and the foreign and trade policy choices of the new U.S. administration will impact the world order and economy, and OPEC+ will have to carefully navigate through all these to remain a ...

In December, the OPEC Reference Basket (ORB) rose by nine cents, or 0.1 percent, m-o-m, to average USD 73.07/b, according to OPEC Monthly Oil Market Report January 2025 ...

Spot premiums for Middle East crude rose to their highest in more than two years as strong demand from top importers China ...

Commercial crude stockpiles in the US posted a bigger draw than projected last week, government data showed Wednesday, while oil prices rallied as markets evaluated two other oil market reports.

Oil prices shot up Wednesday by more than 3% on fears of low US stockpiles and the lingering effect of US sanctions on Russia ...

Oil futures were up modestly Wednesday, finding support after snapping a three-day winning streak that had been driven in part by wider U.S. sanctions on Russia as well as cold weather in much of the ...

IEA revises 2025 global oil demand outlook to 1.05 million barrels per day, citing economic recovery and lower fuel prices. OPEC projects higher growth.

The OPEC basket crude oil prices advanced on a monthly basis in November and December 2024, after declining three times in ...

Indian refiners are aiming to settle payments for Russian oil much faster to avoid complications from US sanctions.

Oil prices will be under pressure over the next two years as global production growth outpaces demand, the U.S. Energy ...

Brent crude futures rose $1.20 to $80.96 a barrel by 1022 GMT, while U.S. West Texas Intermediate crude was up $1.30 at ...