An oil supply shock may not only be imminent but also inevitable given the tightness of the global oil market, the continued resilience of oil demand and the ever-shrinking global spare oil ...

Oil is likely to rise by $3-$5 per barrel when trading resumes on Sunday evening after the U.S. attacked Iran at the weekend, ...

Crude oil prices have sagged in recent weeks amid a surge in supplies. Some analysts are pointing to an autumn drop in global demand as the culprit. Futures on WTI crude oil, the U.S. benchmark ...

Oil prices climbed nearly 9% after Israel launched widescale strikes against Iran targeting nuclear facilities and missile factories, with benchmark Brent crude futures trading near $74.74 per barrel.

LONDON (Reuters) -World oil supply will rise more rapidly than previously expected this year as Saudi Arabia and other OPEC+ members unwind output cuts, the International Energy Agency (IEA) said ...

Oil consumption increased by 1.2 million barrels a day in the first quarter of 2025, the most since 2023, according to the International Energy Agency in Paris.