OPEC+ spare capacity is shrinking fast, with only Saudi Arabia, the UAE, and Iraq holding meaningful extra production ...

Global oil prices surged after Israel launched a strike on Iran, escalating fears of wider conflict in the Middle East. Brent crude surged over 10% before easing to a 5% gain, as traders feared the ...

(CNN) — The American economy faces the unwelcome prospect of reignited inflation after the United States launched strikes on three nuclear facilities in Iran. CNN — (CNN) — The American economy faces ...

China will buy more crude if prices stay relatively low and stable, thus providing a floor to the market, but will pull back ...

The Thursday evening explosion and fire at the Chevron oil refinery in El Segundo is expected to spike the prices at the pump ...

Wood Mackenzie confirmed it had issued an alert to clients saying the 255,000-bpd crude distillation unit, associated 60,325-bpd vacuum distillation unit, 100,000-bpd cat feed hydrotreater, and 24,300 ...

Institutional oil market forecasts from OPEC, EIA, and IEA are increasingly agenda-driven, leading to unreliable guidance and frequent revisions. IEA now acknowledges accelerating decline rates in ...

OPEC+ is expected to approve another production increase of 137,000 barrels per day at its meeting next Sunday, according to a report from Reuters on Sunday. This follows months of output hikes since ...

A petroleum analyst is warning that Arizona gas prices could surge in the wake of a massive southern California oil refinery ...