US EIA’s short-term energy outlook (STEO) report said that the Brent crude oil price in its forecast averages $69 per barrel this year, which is $3 per barrel higher than in last month’s STEO, which was released just before the conflict over Iran’s ...

Two questions stand out after the decision by OPEC+ to accelerate increases in crude oil output: who is going to buy the extra crude, and will the group actually export the additional barrels they say they are going to produce?

Crude oil inventories in the United States increased by 7.1 million barrels during the week ending July 4, according to new data from the U.S. Energy Information Administration (EIA) released on Wedne

Crude prices remained "surprisingly stable" on Monday, even after the group of major oil producers known as OPEC+ announced over the weekend a higher-than-expected [production increase of 548,000](

Oil prices climbed over 4% on Tuesday as the Iran-Israel conflict raged with no end in sight, though major oil and gas infrastructure and flows have so far been spared from substantial impact.

Oil Price Rise And The Impact On Inflation. This past week, the oil price rise caused by the outbreak of the Iran/Israel conflict caught investors’ attention. However, ...

Oil prices experienced a surge following Saudi Arabia's unexpected decision to increase prices for its primary crude grade for Asian customers. This move signals confidence in the market's capacity to absorb additional barrels from the Organisation of the Petroleum Exporting Countries (OPEC).

Goldman Sachs commodity analysts are sticking to their forecast for Brent to average $59 a barrel by the fourth quarter of this year and $56 in 2026, following a bigger-than-expected production rise by OPEC+.

According to new data from the Energy Information Administration, gasoline demand increased from 9.29 million barrels last week to 9.68. Total domestic gasoline supply decreased from 230 million barrels to 227.9. Gasoline production remained flat last week, averaging 10.1 million barrels per day.

U.S. crude oil stockpiles rose unexpectedly last week, while gasoline drew down on the back of strong driving demand ahead of the July 4 weekend.