The United States and its allies, in coordination with the IEA, last tapped emergency oil stocks in early 2022 after the ...

Although the U.S. is a net oil exporter, higher oil prices could increase inflation and lower economic growth.

Analysts said OPEC might not see any urgency to shift policy, as the surge in prices was driven by a rising risk premium ...

Tensions at the Strait of Hormuz risk 20M bpd in crude oil flow, fueling a sharp rally in oil futures and boosting market ...

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

Oil demand growth will remain robust over the next two and a half decades as the world population grows, OPEC Secretary ...

OPEC oil output rose in May, a Reuters survey found, although the increase was limited as Iraq pumped below target to ...

Oil prices surged, stocks dropped and investors flocked to safe havens like gold on Friday after tensions between Israel and ...

A sustained rise in the price of crude oil, which jumped sharply after Israel attacked Iran, could hurt consumers and ...

OPEC’s secretary-general projects a 24% rise in global oil demand by 2050 and warns of dire consequences from chronic ...

OPEC’s crude oil production in May increased less than called for in the OPEC+ agreement. The five OPEC members that have ...

Israel’s strike on Saturday triggered a powerful explosion and fire at a natural gas processing facility linked to Iran’s ...