OPEC’s crude production declined sharply last month after a political crisis slashed supplies from Libya. Output from the Organization of Petroleum Exporting Countries slumped by 480,000 barrels a day ...

Analysts have cut their 2024 oil price forecasts for a fifth consecutive month, citing weaker demand and uncertainty over ...

Oil prices jumped and stocks tumbled on Tuesday after Iran fired more than a hundred missiles at Israel in retaliation for ...

[Stay on top of transportation news: Get TTNews in your inbox.] OPEC doubled down on forecasts that global oil demand will keep growing to the middle of the century, an outlier view that ...

Saudi Arabia, the de-facto leader of the Organization of the Petroleum Exporting Countries, is once again faced with a ...

Oil company scion John Hess allegedly 'communicated publicly and privately with OPEC representatives and oil ministers of ...

The cartel said oil demand is forecast to reach 120.1 million barrels a day in 2050 from 102.2 million barrels a day last ...

The Organization of the Petroleum Exporting Countries, OPEC, published its World Oil Outlook for 2024, with optimistic forecasts for robust oil demand growth.

Federal regulators are alleging a major oil company CEO conspired with foreign governments to keep oil and gas prices high.

Earlier this week, Saudi Arabia reportedly decided to ramp up its oil production from December, abandoning its earlier target ...

The oil-producers group meets in December. Analysts want to know if it will cut or raise production. But more vexing ...

OPEC raised its forecasts for world oil demand for the medium and long term in an annual outlook, citing growth led by India, Africa and the Middle East and a slower shift to electric vehicles and ...