The bank cited two main changes in the oil markets.

Brent crude prices are rising due to lower-than-expected U.S. oil and fuel supplies and revised EIA forecasts for smaller oil surpluses in 2025 and 2026. Libya has restarted oil production at the ...

Libya has resumed production at the Mabruk oilfield after a decade-long shutdown, the Tripoli-based Government of National ...

Oil production totaled 35.506 mln barrels per day without Libya, Iran and Venezuela exempted from the deal performance ...

Participants and speakers include U.S. Energy Secretary Chris Wright, energy ministers from OPEC+ members Nigeria, Libya, and ...

HOUSTON (Reuters) – Oil was largely steady in choppy trade on Thursday with global benchmark Brent still below $70 a barrel under pressure from tariffs between the U.S., Canada, and China, and OPEC+ ...

Saudi Arabia, Russia, Iraq, Kuwait, the UAE, Algeria, Kazakhstan and Oman have agreed to start reversing their voluntary oil output cuts of 2.2 million b/d between April 2025 and September 2026 ...

HOUSTON (Reuters) -Oil prices eased slightly in choppy trade on Thursday with Brent still below $70 under pressure from trade tariffs between the U.S., Canada, Mexico and China, and OPEC+ plans to ...

OIL settled largely unchanged in choppy trade on Thursday, with global benchmark Brent closing below US$70 a barrel under pressure from tariffs between the US, Canada, and China, and plans by Opec+ to ...

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OIL prices settled down for the fourth consecutive session on Wednesday after US crude oil stockpiles posted a larger-than-expected build, adding a further headwind as investors worried about Opec+ ...

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