The U.S. Department of Energy announced Friday it has approved an exchange from the Strategic Petroleum Reserve, or SPR, with ...

Brazil has logistical and commercial flexibility to preserve the competitiveness of its oil on the international market if ...

War can lead to ‘complications on energy producers’ and hardships on national economies, Iran’s oil minister warned on ...

Eight members of the OPEC+ alliance of oil exporting countries say they will boost production by 548,000 barrels per day in ...

Cedric Chehab, Chief Economist at BMI, discusses his outlook on oil prices, forecasting Brent will average $68 per barrel ...

The issue is about adjusting the current ceiling of $60 per barrel and introducing a flexible revision mechanism based on ...

BP's second-quarter results are expected to be impacted by lower prices received for gas and oil, while its upstream output ...

The Central Bank of Kenya (CBK) has revealed that global oil prices have risen ahead of the Energy and Petroleum Regulatory ...

OPEC+ to Increase Output by 548,000 Barrels a Day in August. What it Means for Oil Markets. The Organization of the Petroleum ...

OPEC+ has surprised markets with a sharp output increase, citing strong demand and low inventories, and plans to fully unwind ...

OPEC+ increases oil output amid falling prices and inflation relief, raising concerns over climate targets and green energy ...

Crude oil inventories in the United States increased by 7.1 million barrels during the week ending July 4, according to new data from the U.S. Energy Information Administration (EIA) released on Wedne ...