Saudi Aramco, the kingdom's state-controlled oil producer, raised its OSP for its flagship Arab Light blend to Asia to a premium of $3.20 a barrel above the Oman/Dubai average ...

Motorists should expect varying adjustments in the retail prices of petroleum products in the coming week. “Based on the four-day trading, there will be a mixed movements in the adjustments of prices ...

Bank of America said Thursday it expects Brent crude prices will drop below $60/bbl in this year's H2, as rising production by OPEC+ will increase the crude oil market surplus. BofA forecasts an ...

IEA: Global supply is set to surge while demand growth stays weak, with inventories potentially building at nearly 3 million ...

Global oil markets could see a bigger surplus this year than previously projected, with supply growth outpacing demand by more than three to one, The Wall Street Journal writes.  The International ...

Oil futures rebounded from two days of selling driven by bearish supply-demand outlooks from the EIA and the IEA, settling higher ahead of Friday’s closely watched U.S.-Russia summit.

Russia plans to spread out the pending oil output cuts needed to offset exceeding its OPEC+ quota by three months, Bloomberg reported, citing an updat ...

BofA Sees Oil Surplus Growing on OPEC+ Output; Brent Below $60 in 2nd Half — OPIS Bank of America on Thursday said it expected rising production by OPEC and its allied producers would increase the ...

President Donald Trump is due to meet Friday in Alaska with Russian President Vladimir Putin, with Trump promising "very severe consequences" if Putin doesn't make a deal that delivers peace in ...

Discover how SM Energy's debt reduction & Uinta basin acquisition bolster performance. Learn the impact of WTI prices & EIA ...

LONDON: Premiums for prompt benchmark oil prices globally are falling compared with those in future months on rising output ...