EIA Raises U.S. Oil Output Forecast, Warns Oversupply Could Crush Prices
The United States is on track to break yet another oil production record this year, but the Energy…
OPEC+ Nears Its Limit, Leaving Prices One Crisis Away from a Spike
The OPEC+ group continues to return modest volumes of supply to the market, cautious not to sink oil…
Oil Prices Climb After OPEC+ Announces Modest Output Hike
On Sunday, OPEC+ agreed to raise oil output by 137,000 barrels per day (bpd) from November. The increase…
Oil Sees Steepest Weekly Slump In Over 3 Months Ahead Of OPEC+ Meeting
Oil worker in the Nihran Bin Omar field north of Basra, Iraq. (Photo: Nabil al-Jurani) Copyright 2017 The…
Crude Oil Plummets to Lowest Since June
Crude oil benchmarks were trading even lower midday Wednesday, at prices lower than they’ve dipped for several months,…
OPEC Rejects Media Reports of Major Output Hike Ahead of G8 Meet
OPEC has slammed the brake on speculation, flatly rejecting media reports that the G8 is preparing to hike…
Oil Prices Dip as Supply Pressure Builds
Oil prices retreated in early Asian trade on Monday, edging lower after the resumption of crude exports from…
Saudi Arabia Leads OPEC Output Increase
OPEC crude production rose by about 400,000 barrels per day (bpd) in August, reaching 28.55 million bpd, according…
Rosneft Profits Plunge 68% as Oil Oversupply and Sanctions Pressure H1 Results
Rosneft (MCX: ROSN) reported a steep 68% drop in first-half 2025 net income as falling oil prices, widening…
Oil Prices Slip on Oversupply Concerns
Oil prices slipped in early Asian trading on Thursday, giving back some of the previous session’s gains as…
UBS Sees Brent Oil Prices Staying in the High $60s in Tight Market
Brent Crude oil prices are set to stay in the near term at the upper end of the…
Trump-Putin Showdown Fuels Oil Price Uncertainty
Sentiment among oil traders has turned bullish recently despite forecasts flagging sluggish demand growth and OPEC+’s latest decision…