Oil prices rose by around 1% on Friday as investors weighed a tight prompt market against a potential large surplus this year ...

The world oil market may be tighter than it appears despite a supply and demand balance pointing to a surplus, the ...

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

Russia intends in August and September to fully compensate for previously producing oil in excess of its OPEC+ quota, in line ...

BP has said lower oil and gas prices will weigh on its earnings in the second quarter, even as the energy major flagged an ...

The International Energy Agency has said it expects global oil demand to grow at the slowest pace since 2009, outside of the ...

Saudi Arabia raised crude output far above its OPEC+ quota last month, joining other producers in a rush to export oil out of ...

The IEA expects global supply to rise by 2.1 million barrels per day this year, up 300,000 bpd from the previous forecast, ...

Climate change played a role in the devastating floods, and Texas is a national leader in subsidizing the fossils fuels that ...

On June 13, the U.S. Environmental Protection Agency proposed higher biofuel blending requirements for 2026 and 2027. Read ...

The focus of this post is an overview of World oil production along with a more detailed review of the top 11 Non-OPEC ...

Oil prices edged up on Friday, as investors weighed a tight prompt market against a potential large surplus this year, ...