A supply glut tends to reduce prices, which could prove challenging for President-elect Trump’s plan to boost U.S. oil ...

Oil prices closed slightly higher in choppy trading on Thursday (Nov 14), as a steep draw in US fuel stocks outweighed ...

Oil futures settled higher for a third session in a row on Thursday, but that wasn’t enough to shake off their losses for the week so far, with prices for ...

Oil markets are facing a supply glut, with non-OPEC producers on track expand production by 1.5 million barrels of oil a day, ...

Nigeria has cranked up its oil production to a respectable 1.8 million barrels per day, and now claims it could hit 2 million bpd of production by year's end ...

The Organisation of Petroleum Exporting Countries (OPEC) has said that Nigeria's crude oil production for October 2024 stood ...

underwhelming Chinese economic stimulus efforts, and OPEC's continued downward revisions of demand forecasts," said Mohamed ...

Global oil markets face a surplus of more than 1 million barrels a day next year as Chinese demand continues to falter, the ...

Rising crude oil imports will signal that the measures are working. This would be good news for tanker owners. OPEC extended ...

The International Energy Agency (IEA) on Thursday raised its projection for 2024 oil demand growth but trimmed its forecast ...

The Paris-based organization forecasts global demand to grow by 921,000 barrels a day in 2024 from 862,000 barrels a day previously, largely due to stronger-than-expected gasoil deliveries in OECD ...

This comes after the Organization of the Petroleum Exporting Countries on Tuesday again cut its global oil demand growth ...