An OPEC+ panel on Monday reaffirmed the oil cartel's plan to gradually hike output starting from April, after US President Donald Trump called for lower prices.

Sluggish demand from China and oversupply worries will keep oil prices anchored below $80 a barrel this year, a Reuters poll ...

If demand rises with greater strength than expected in 2025, the oil price rally could be even more significant.

Dublin, Jan. 31, 2025 (GLOBE NEWSWIRE) -- The "China Midstream & Downstream Oil & Gas Market Outlook: Supply & Demand of Oil, Gas, Gasoline, Diesel, Fuel Oil, Future Investments, Projects ...

Thanks to abundant supply and fairly flat demand, oil prices are forecast to fall — unless tariffs and geopolitics get in the ...

Crude oil futures fell as traders worried that large increases in U.S. crude and gasoline stockpiles and a potential ...

When asked whether dealers were receiving oil as per their demand, he said: “There is a set allocation for each dealer. Increased demand does not necessarily mean higher supply. However ...

Vitol, which trades about 7 per cent of the world’s oil supply every day, expects global demand to peak at almost 110 million barrels per day at the end of this decade, and then retreat to ...

Donald Trump and his team claim they plan to end Putin's war against Ukraine. The new US President's administration has ...

Oil prices jumped on Monday after U.S. President Donald Trump imposed tariffs on Canada, Mexico and China, raising fears of ...

Exxon Mobil (XOM.N) yesterday posted mixed fourth-quarter results that showed weakness in its refining and chemicals business ...

The oil industry is driven by booms and busts. Prices rise during periods of global economic strength during which demand outpaces supply. Prices fall when the reverse is true. Meanwhile ...