Oil prices rose in early Asian trading Friday, heading for a second straight week of gains as fresh U.S. sanctions on Iran ...

By Rebecca F. Elliott Oil prices fell on Monday afternoon to their lowest level of the year after the OPEC oil cartel and its allies affirmed plans to gradually increase crude production beginning ...

Shale billionaire Harold Hamm this week accused the Biden administration of leaving the U.S. "unusually vulnerable" to a Middle East oil price ... when some OPEC members imposed an embargo on ...

OPEC has criticized the IEA for inconsistent messages regarding oil and gas investment, particularly a recent shift from advocating against new projects to calling for investment in existing fields.

With oil prices wobbly amid U.S.-Russia negotiations that could lead to the lifting of U.S. sanctions, OPEC will likely not be in any rush to stick to its plans for boosting production ...

Goldman Sachs has lowered its December 2025 and average 2026 forecasts for Brent and WTI crude oil prices, citing slower oil demand growth prospects and expectations of higher OPEC+ supply, it said in ...

Prices for oil, meanwhile, failed to find support from an improvement in Chinese economic data. Myra P. Saefong, assistant global markets editor, has covered the commodities sector for MarketWatch ...

Oil futures settled Tuesday ... crude exports to zero. If other OPEC members do not bridge the supply gap, a supply shortfall could follow, potentially raising prices," Hassan Fawaz, chairman ...

According to a report published on the portal of the Iranian oil ministry, the price of Iran’s heavy crude oil reached $79.65 per barrel in January. OPEC’s February report also revealed that Iran ...

NEW YORK (Reuters) - Oil prices fell about 2% to a two-month low ... the Organization of the Petroleum Exporting Countries (OPEC) and allied countries. In Iraq, the second-largest OPEC producer ...