A surplus is possible later, but it will be offset by oil purchases for strategic reserves, Gazprom Neft CEO Alexander Dyukov said.

Oil prices jumped almost 3% on Thursday as a week-old air war between Israel and Iran escalated and uncertainty about potential US involvement kept investors on edge. Brent crude futures settled up $2 ...

U.S. and Chinese purchases for strategic oil reserves are expected to offset any potential global surplus, keeping oil prices ...

Good afternoon, and happy Juneteenth! If you are off today, we hope you are having a restful Thursday and keeping cool in this heat. Most of the U.S. is in for some scorching temps hitting the 100s ...

Oil prices rose on Thursday as a week-old air war between Israel and Iran escalated and uncertainty about potential U.S.

Russia's chief oil official advocated for OPEC+ oil producers to move forward with their scheduled output increase, citing an ...

Secretary General of the Organization of Petroleum Exporting Countries Haitham Al Ghais said that the framework of cooperation developed under OPEC+ was unique ...

Russia's top oil official said on Thursday that OPEC+ oil producers should proceed with plans to increase output, noting ...

Saudi Minister of Energy Prince Abdulaziz bin Salman said on Thursday that OPEC+ has become a key guarantor of oil prices and the oil sector as a whole. Speaking at the St. Petersburg Economic Forum ...

Output for March 2025 was revised higher by 2 kb/d and April 2025 output was revised higher by 128 kb/d compared to last ...

Despite recent volatility and rising conflicts between Israel and Iran, Brent Crude Oil prices are expected to average around ...

While Israel and Iran have engaged in a covert conflict for many years, the current situation marks a pivotal escalation, particularly as energy infrastructure has now come ...