This move aims to compensate for pumping above agreed levels, with monthly reductions ranging from 189,000bpd to 435,000bpd.

What's more important for crude oil markets? Forecasts of Chinese oil demand growth by leading agencies or the reality of ...

OPEC+ on Thursday issued a new schedule for seven member nations to make further oil output cuts to compensate for pumping ...

Oil prices were mixed but largely holding their ground, supported by geopolitical risks and supply concerns.

The cartel still expects demand to grow by 1.45 million barrels a day this year and 1.43 million barrels a day the next, ...

We're seeing a complex interplay of supply and demand factors', said Ann-Louise Hittle, Vice President of Oils Research at Wood Mackenzie.

The last oil price war has indebted, but not reduced U.S. shale production, while costing OPEC members $450 billion in lost revenues. Oil prices have fallen fast since the 3 March announcement ...

Crude oil futures fell to $66.6 per barrel as weakening economic data and trade uncertainty weighed on global demand. China’s consumer prices declined for the first time in 13 months ...

The Organization of the Petroleum Exporting Countries (OPEC) on Wednesday affirmed its growth outlook for oil demand and ...

The Trump administration has promised to increase leases on federal lands and waters and expedite the permitting process.

The economy is at risk of recession or stagflation. Read why this could lead to significant impacts for the oil industry.

Kazakhstan's Minister of Energy will resign from his position, as announced by the country's presidential office on Tuesday.