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 ...

OPEC+ jolted markets by announcing it would flood the market with more oil.

NEW YORK (AP) — Eight members of the OPEC+ alliance of oil exporting countries say they will boost production by 548,000 ...

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

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

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 ...

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

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

Supply is set to rise three times faster than demand this year, the International Energy Agency said, though seasonal factors ...

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 ...