The US Department of Energy on Friday said it would provide up to 1 million barrels of crude oil from the Strategic Petroleum ...

Saudi Arabia raises crude oil prices to a four-month high as demand from China surges and domestic energy consumption peaks.

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

The European Union and Britain have been pushing the Group of Seven nations to lower the cap for the last two months after a ...

Saying the first six months of the year have been active when it comes to oil prices may be an understatement.

With global oil demand at 104 million barrels per day and supply at 105.2 million, the market is now oversupplied by over one ...

Iraq’s oil minister said on Saturday that Erbil is demanding more oil for domestic consumption and this is delaying the ...

Saudi Arabia is asking the companies that OPEC uses for independent analysis of oil-production levels to submit a lower figure for the kingdom’s June output, according to people familiar with the ...

EU diplomats said the floating cap would be recalibrated every three months based on the 10-week average of global prices, ...

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

Oil prices were steady at the close of a volatile trading session on Wednesday, after falling earlier on the back of data that raised concerns about U ...

The United States will start charging 30% tariffs on August 1 on products coming into the country from the European Union and ...