OPEC has cut its 2024 forecast for global oil demand growth, marking the fourth consecutive downward revision. The decline is ...

OPEC has once again lowered its forecast for global oil demand growth for this year and next, pointing to weak demand in ...

World oil production increased by 406 kb/d in July to 81,591 kb/d. For December 2025, production is expected to be 84,634 ...

The JODI data also revealed that the kingdom’s production of refined products rose to 2.76 million barrels a day (mbbl/d).

“The U.S. oil sector, however, does not exist in a vacuum - and signs that the U.S. is ramping up production could provoke a ...

Strikes on Iran's missile defense, Hezbollah on the back foot and internal instability in the Islamic Republic due to ...

The small movements in gasoline futures mean that prices remain relatively flat in most spot markets OPIS follows around the U.S. Chicago Comprehensive November Cycle 2 CBOB, however, was seeing gains ...

President-elect Donald Trump's pick of U.S. Senator Marco Rubio for secretary of state could signal stricter enforcement of ...

U.S. and global economic growth could slow down if the incoming Trump administration imposes additional tariffs, leading to ...

Oil prices are down from their highs earlier this year, OPEC has given up its attempt to push oil to $100 per barrel, and ...

The Nymex December RBOB contract was 0.65ct lower at $1.9565/gal and the January contract was off by 0.75ct at $1.9285/gal. The December ULSD contract was down by 0.8ct at $2.2025/gal and January ULSD ...

Towards the end of this decade, deepwater will be the key, if not the only, source of non-Opec oil growth The discovery — ...