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

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

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

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 ...

According to the report, EU member states are considering a proposal to lower the cap for Russian oil, which is currently set ...

The Railroad Commission has issued its monthly production statistics, detailing crude oil and natural gas production for April. Production came from 159,160 oil wells and 82,673 gas wells, according ...

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

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 ...

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

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

NNPC says sale of refineries not off the table as rehabilitation faces setbacks due to misaligned imported technology and aging infrastructure.

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