OPEC oil output rose in May by less than the volume planned, a Reuters survey found, as Iraq made further cuts to compensate ...

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

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

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

Analysts at Morgan Stanley in a report for clients released earlier Monday tried to match up production from certain OPEC+ members with the unwinding of 2.2 million b/d of cuts. The aggregate ...

US-China trade talks are ongoing in London this week, and investors are hoping that the Trump administration will be ...

TXOGA released a report saying Texas accounted for 42.2% of total U.S. crude oil production and 29.2% of the U.S. marketed ...

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

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

Saudi Arabia's past oil price wars in 2014–2016 and 2020 backfired, as U.S. shale producers became leaner and more efficient.

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In its 65 years of existence OPEC has navigated many crises, from Gulf wars and America’s shale boom to a pandemic-era oil ...