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

Opec oil output rose in May by less than the volume planned, a Reuters survey has found, as Iraq made further cuts to compensate for earlier pumping above target and Saudi Arabia and the United Arab ...

Global oil prices rallied hard on Monday, lifting U.S. crude to the highest levels in two weeks, as investors shrugged off a ...

OPEC+ production gains pressure U.S. crude exports, weakening light sweet oil demand and adding bearish weight to the current ...

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

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.

Oil exporting group Opec+ has announced a further unwinding of production cuts, but the impact on tanker demand may be more ...

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

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

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

Haitham al-Ghais is set to deliver remarks on Tuesday, as recent output increases from group members and other producers have ...