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 ...

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 ...

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 ...

When OPEC announced last week that its members would be cutting oil production by more than a million barrels daily, oil prices immediately jumped 5 percent. A week later, U.S. gas prices are up more ...

A planned shutdown of Valero's massive refinery near San Francisco in the spring would really put the pinch on motorists.

Ukraine has started attacking Russian oil and refining assets with more aggressiveness. The change in the dynamic of the war caused oil prices to rise, Occidental and other U.S.-based oil companies ...

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 ...

LOS ANGELES - Southern California commuters are bracing for a spike in gas prices following last week's fire at the Chevron ...