Saudi Arabia, the world's biggest oil exporter, on Wednesday lowered its July prices for Asian buyers after OPEC+ hiked ...

Investment in fossil fuels will fall this year for the first time since the Covid pandemic, according to the International Energy Agency (IEA), led by a contraction in the oil sector where a sharp ...

Local companies involved in the oil and gas services and equipment (OGSE) industry could see lower offshore activities and ...

Brent traded below $65 a barrel after losing 1.2% in the previous session, while West Texas Intermediate was under $63.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $62.00 during the Asian trading hours on Thursday. The WTI price edges lower as Saudi Arabia signals it may push for a ...

OPEC+ launched a major initiative to define maximum sustainable production capacity (MSC) by 2027, an iniative that could ...

Crude oil futures turned lower in a volatile session Wednesday, as a Bloomberg report said Saudi Arabia is open to additional significant OPEC+ production hikes after July in a bid for market share.

Oil edged lower in the early Asian session. There is a report “indicating that Saudi Arabia is exerting considerable pressure for a more aggressive increase in oil supply by OPEC+,” XS.com said.

Giovanni Staunovo, an analyst with UBS, said, "There was a strong increase in refinery demand for crude, resulting in a large ...

Wednesday closed down -0.56 (-0.88%), and July RBOB gasoline (RBN25) closed down -0.0448 (-2.16%). Crude oil prices fell from ...

WTI oil prices are set to average $58.30 per barrel this year, amid rising OPEC+ and U.S. production and relatively stable ...

Brent crude futures closed down 77 cents, or 1.2%, at $64.86 a barrel. U.S. West Texas Intermediate crude settled 56 cents, ...