Saudi Arabia is asking the companies that OPEC uses for independent analysis of oil-production levels to submit a lower ...

The focus of this post is an overview of World oil production along with a more detailed review of the top 11 Non-OPEC ...

BP has said lower oil and gas prices will weigh on its earnings in the second quarter, even as the energy major flagged an ...

The world oil market may be tighter than it appears despite a supply and demand balance pointing to a surplus, the ...

Oil prices edged up on Friday, as investors weighed a tight prompt market against a potential large surplus this year, ...

Oil prices steadied in early trading on Friday following a 2% drop in the previous session that was driven by U.S. President ...

BEIJING/SINGAPORE (Reuters) -Oil prices rose on Friday after U.S. President Donald Trump said he would make an announcement ...

OPEC is doubling down on its view that global oil demand will keep rising through 2050, with no peak demand in sight, ...

At the Opec International Seminar in Vienna, Indian petroleum minister Hardeep Singh Puri met with Opec secretary general ...

The OPEC oil cartel said Thursday that demand for crude will continue to expand through at least 2050, calling efforts to ...

Oil prices are set to end the week higher after Trump delayed his tariffs and the Houthis sunk ships in the Red Sea.

Demand will continue to grow in developing economies, according to the oil cartel. Many groups, including the International ...