Oil markets are facing a supply glut, with non-OPEC producers on track expand production by 1.5 million barrels of oil a day, ...

A supply glut tends to reduce prices, which could prove challenging for President-elect Trump’s plan to boost U.S. oil ...

Russia's crude oil output edged up in October by 9,000 barrels per day (bpd) to about 9.01 million bpd, the Organization of ...

OPEC cut its forecast for global oil demand growth this year and next on Tuesday, highlighting weakness in China, India and ...

OPEC lowered its forecast for global oil demand growth for 2024 and 2025 on Tuesday, highlighting weakness in China, India and other regions, making the producer group’s fourth consecutive downward ...

OPEC lowered its global oil demand growth outlook for 2024 and 2025 for the fourth consecutive month, citing a decline in ...

ExxonMobil CEO Darren Woods said there's not much opportunity for the oil industry to increase production in the short term.

In Opec’s latest monthly report the group cut its forecast for China’s oil demand growth to 580,000 bpd, down from a peak ...

OPEC+ reduced its oil production by 283,000 barrels per day in October, causing the alliance’s supply to fall short of its ...

The appointed president of the UN Conference on Climate Change (COP29), Mukhtar Babayev, emphasized that the conference has a clear vision to advance ambition and empower action toward achieving the 1 ...

Indian Oil Corp said on Tuesday that a fire at its Gujarat refinery has been fully extinguished and refinery operations are now normal.