Consumer prices rose 3%, extending a recent pattern of increases at the start of the year that likely derails the prospect for Federal Reserve rate cuts anytime soon. BOE's Greene Says Key Rate Must ...

Crude oil futures retreated from a three-session rally as U.S. crude inventories posted another large weekly build, President Trump and Russian President Putin agreed to start negotiations toward ...

Oil prices deepened their losses today, Feb. 12, after OPEC maintained its forecast for global oil demand growth this year, while economic data weighe ...

The EIA also reported a weekly supply decline of 3 million barrels for gasoline, while distillate inventories edged up by 100,000 barrels. The survey forecast an inventory increase of 1.3 million ...

The move by Dangote Petroleum Refinery to slash the price of diesel by N55 per litre has sent ripples through Nigeria’s ...

OPEC on Wednesday stuck to its forecast for relatively strong growth in global oil demand in 2025, saying air and road travel ...

Compensations by OPEC+ ‘debtors’ in January were expected at 120,000 bpd of oil from Iraq and 65,000 bpd from Kazakhstan, according to the latest released schedule ...

Russia’s oil production totaled 9.01 mbd in November 2024, and 9.004 mbd in December, according to OPEC. Output averaged 9.250 mbd in Q2 2024, 9.058 mbd in Q3, and 9.015 mbd in Q4.

U.S. oil production is poised to set a larger record this year than prior estimates, the U.S. Energy Information ...

The demand for transportation fuel in India is projected to increase by 6%-8% in fiscal year 2026 on a rise in vehicle sales.

Decisions made by oil producer group OPEC take a long-term view of the global markets and are aimed at providing price ...

The bloc will be key in “filling an Iranian-shaped hole in global oil supply” by sticking to a plan to begin unwinding 2.2m ...