Rising OPEC+ supplies and new streams of oil coming online globally are increasing options for European and Asian refiners ...

U.S. companies are facing economic headwinds that are reducing incentive to continue high production levels of oil.

OPEC+ production gains pressure U.S. crude exports, weakening light sweet oil demand and adding bearish weight to the current ...

Saudi Arabia and the United Arab Emirates see a chance to ratchet up production in July, the third consecutive month of ...

Events in eastern Europe weren’t the only factor driving oil prices higher. OPEC+ agreed to hike production by 411,000 ...

Big moves, if not big enough to sink oil prices. You might, therefore, think that OPEC + is in total control. The cartel, ...

Iraq's oil ministry said on Thursday it holds the Kurdish regional government (KRG) legally responsible for the continued ...

Haitham al-Ghais is set to deliver remarks on Tuesday, as recent output increases from group members and other producers have ...

"Michigan drivers are seeing lower prices at the pump, with some metro areas seeing averages below $3 a gallon," Adrienne ...

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

Hedge funds loaded up on the most bearish bets against Brent crude since October as the market braced for a fresh injection ...