Opec+ members have been holding back production for the past three years, cutting their combined output by almost 6mn b/d in a bid to push crude prices higher. Those efforts helped to keep crude above ...

Donald Trump’s trade war scared the entire world and drove the price of oil to a record low level. A barrel promises to ...

Several OPEC+ members will suggest the group accelerates oil output hikes in June for a second consecutive month, three ...

Saudi Arabia aims to capitalize on low U.S. tariffs to grow manufacturing and invest heavily in mining to boost non-oil ...

But while the stock markets are enjoying a reprieve, oil prices are not. On Wednesday at 2:25 p.m. ET, Brent crude for June delivery was down 2.2%, only recouping a few tenths of a percentage point on ...

US-China Trade War Has No End. In an escalatory spiral of import tariffs, China’s decision to mirror Trump’s tariff hike and ...

Saudi Arabia, the UAE, Bahrain, Kuwait, Oman, and Qatar — hold approximately 32.6% of the world’s proven crude oil reserves.

Triangle Energy has started drilling its hotly anticipated Becos-1 oil exploration well in Western Australia’s Perth Basin. The rods for the conventional well started spinning two days ago to target a ...

Saudi Arabia, with its wealth linked inextricably to oil revenue, faces mounting pressure to raise debt or cut spending after ...

In a statement on Thursday, local time, the United Kingdom-based organisation said it would cease controversial protest actions after it claimed to have "kept over 4.4 billion barrels of oil in ...

DUBAI, United ... decline in oil prices, squeezing energy-producing nations that rely on those sales to power their economies ...