The EIA sees most of the production growth coming from countries outside of the Organization of Petroleum Exporting Countries and its allies. Its estimate for U.S. production was revised down to 13.4 ...

In EIA’s forecast, increasing oil production outpaces annual oil demand growth. Rising inventories globally will result in ...

Oil gained more than $1 per barrel on Tuesday, rebounding on technical factors and bargain hunting after a decision by OPEC+ to boost output sent prices down the previous session, although concerns ...

The countdown is on for the Fed's rate decision on Wednesday as policymakers begin their two-day meeting. Although the ...

When US President Donald Trump was inaugurated to his second term as president on Jan. 20, oil prices were close to the highs ...

Benchmark futures climb more than 3% after latest Opec+ production announcement triggered sharp selloff on Monday ...

Nigeria’s premium crude oil grades are trading above $65 per barrel as global oil prices hold steady despite OPEC agreeing to ...

The rupee settled for the day 5 paise lower at 84.35 against the US dollar on Tuesday, amid growing uncertainty and a cautious recalibration of risk appetite. According to forex traders, the USD/INR ...

The crude oil markets both look like they are in the midst of trying to form a bottom at this point. The oil production numbers aren’t helping though, as OPEC continues to pump out a lot of supply in ...

OPEC+'s decision to aggressively increase oil supply will result in an earlier and sustained market surplus throughout 2025.

Oil prices have rebounded, driven by increased demand, despite ongoing concerns about OPEC+ policies, US tariffs, and ...

Oil prices were rising more than 2% in early trading after tumbling in the previous session due to mounting concerns over a ...