Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman, drew a striking historical parallel during a virtual OPEC+ meeting, referencing the 1973 oil embargo as the group ratified its second ...

If a recession or stagflation materializes, it would be a "self-inflicted" injury resulting directly from US government ...

Israel prepares major Gaza operation that may forcibly relocate civilians and risks escalating regional tensions.

OPEC+ shocked the market earlier this month with plans to ramp up crude output, leading oil prices to post their worst monthly performance in years. Now the group of oil producers might add even ...

Trump has previously asked OPEC and its allies to pump more oil, but "can you imagine how angry" U.S. producers would be if he asked the same from them? said Cinquegrana, suggesting it would not ...

OPEC oil output edged lower in April despite a scheduled output hike taking effect, a Reuters survey found, led by a cut in Venezuelan supply on renewed US attempts to curb the flows and smaller ...

"Oil production costs in the U.S. are significantly higher than in Russia or OPEC. This means that, if global oil prices fall below $50, large part of the U.S. oil production will be wiped off the ...

LONDON :Oil prices fell more than 1 per cent on Monday after OPEC+ decided over the weekend to further speed up oil output hikes, spurring concerns about more supply coming into a market clouded ...

Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. Exxon, Chevron, Shell, and TotalEnergies are sticking to aggressive production growth plans ...

New York (AFP) – Shares in US film studios slid on Monday following a threat by US President Donald Trump to impose 100 percent tariffs on foreign-made productions. Meanwhile oil prices tumbled ...