Oil prices have held steady above $70/bbl, supported by geopolitical risks, stronger-than-expected demand, and declining ...

The global price of crude oil on Thursday fell by 1 percent amid an escalating trade war between the United States of America ...

Because the crude oil industry has developed hardly at all in recent years due to a lack of investment capital for discovery, extraction and further processing, global production can barely meet ...

IEA projects global oil supply to exceed demand by 1 million b/d in 2025 due to trade tensions and OPEC+ cuts.

Global oil supply growth is outstripping demand, the CEO of one of the world's largest oil traders,Gunvor, said on Monday.

The Shengli Oilfield, under China Petrochemical Corp (Sinopec Group), the country's largest oil refiner, said its Jiyang shale gas oilfield has officially passed a review and documentation process at ...

Oil prices recouped some losses from earlier but continued to trade lower as Ukraine cease-fire talks, tariff risks and prospects of an oversupplied market continued to weigh.

Oil prices climb as Middle East tensions and China’s stimulus fuel demand. Can WTI and Brent sustain gains, or is a ...

A new scramble for crude oil market share in Asia may be kicking off as top exporters Saudi Arabia and Russia move to boost ...

Brent crude oil prices are projected to average $73/bbl in 2025, down $7/bbl from 2024, according to Wood Mackenzie’s latest monthly oil market outlook.

Washington has issued new Iran-related sanctions, including a Chinese "teapot," or independent refiner, and vessels that ...