Oil futures gave back some of this week's gains in a volatile session. WTI settled down 0.9%, and Brent fell 1.2%. U.S. crude oil inventories fell by 4.3 million barrels, more than the estimated drop ...

Oil futures gave back some of this week’s gains in a volatile session. WTI settled down 0.9%, and Brent fell 1.2%.

Saudi Arabia lowered the July price of its Arab Light crude for Asian buyers after OPEC+ decided to accelerate output hikes.

Saudi Arabia wants OPEC+ to continue with accelerated oil supply hikes in the coming months as it puts greater importance on ...

Saudi Arabia, the world's biggest oil exporter, cut its July prices for Asian crude buyers to close to the lowest level in ...

Kazakhstan’s state oil firm KazMunayGas is exploring yuan-denominated bonds and Arab debt markets for cheaper financing, ...

VLCC spot rates have dropped further as a second quarter rally fades, brokers and analysts say. Earnings for eco tankers now stand at an average of $34,300 per day, down 7% from Tuesday and 25% ...

Oil Prices Flat as Market Weighs OPEC+ Output Hikes, Canada Wildfires Oil rose, and while the market has so far managed to absorb additional supply from OPEC+, continued production ramp up could lead ...

The American shale sector suffered a setback last weekend after the world’s largest group of oil producers, OPEC+, announced ...

There are downside risks for oil in the coming months, particularly from higher supply. However, prices could rise again from ...

Some analysts expect the loss in Canadian supply to offset more than half the increases next month planned by OPEC+.