Crude oil closed at the lowest settlement price this year, fueled by near-term supply concerns and expectations that OPEC+ will postpone returning barrels to the market in April as planned.

U.S. crude oil inventories increased by more than expected last week in a fourth consecutive build, while product stocks ...

Brent crude prices had a poor finish on Wednesday, but still recorded its third consecutive day of gains as supply fears ...

Occidental is one of the world's largest independent oil and gas producers. Its upstream operations are spread across the US, Middle East, and North Africa. It has a consolidated midstream business, ...

Brazilian authorities announced Tuesday the South American country's decision to join the Organization of 13 Petroleum ...

Brazil’s government on Tuesday approved joining OPEC+, a group of major oil-exporting nations, signaling the country’s ...

Mark Rachal, director of research and publications, explains how OPEC helped the United States become the world’s largest ...

Brazil’s government on Tuesday approved joining OPEC+, a group of major oil-exporting nations, signaling the country's ...

Donald Trump has announced direct negotiations with Russia aimed at ending the war - much to the concern of Ukraine's President Volodymyr Zelensky.

Muhammad Ali Tamim, Iraq’s deputy prime minister and minister of planning, says the decision to raise production will be examined strictly according to the interests of OPEC.

The Organization of the Petroleum Exporting Countries (OPEC) has revised its 2025 forecast for U.S. oil and condensate ...

At the same time, OPEC oil production declined in January, primarily due to lower output from Iran and Nigeria. Also please note that Saudi Arabia's state oil company raised its March crude prices ...