Oil benchmark Brent has held its price floor above $70 for much of November having threatened to breach it at one point. It ...

November 19, 2024 - In a report released Tuesday, HSBC projected that OPEC+ will extend its current production cuts by an ...

On the upside, the 55-day Simple Moving Average (SMA) at $70.05 is the first barrier to consider before the hefty technical level at $73.17, which aligns with the 100-day SMA. The 200-day SMA at ...

Nigeria is one of Africa’s largest crude oil producers and most of its exploration happens in the south of the country. A ...

Oil prices rose by more than 3% after Russia’s massive strike against Ukraine on Sunday – the largest of its kind since Aug.

At the same time, oil consumption in China, the world’s largest crude consumer, has declined for six consecutive months ...

President-elect Donald Trump may find the road to cheaper gas prices is a little rocky. “Frack, frack, frack and drill, baby, ...

India unlikely to reduce Russian crude imports under Trump administration due to price advantages, potential US collaboration ...

Brent and WTI slid more than 3% last week on weak data from China and after the International Energy Agency forecasted that global oil supply will exceed demand by more than 1 million barrels per day ...

Saudi Arabia's crude oil exports in September rose to their highest level in three months, data from the Joint Organizations ...

If the heavyweight Saudi Arabia is no longer willing to give up market share in favour of higher prices, and the cartel ...

The volume of excess crude was about 550,000 bpd in October, according to calculations based on official data, down from ...