The organization said the implied market surplus of 2.7 million b/d in the third quarter of this year, the largest since 2020, underscores the persistence of the oversupplied market. While stockpiling ...

Third-quarter revenue came in at 418.16 billion Saudi riyals from 416.63 billion Saudi riyal in the same period of the ...

The World’s June oil production increased by 895 kb/d to 84,184 kb/d. For December 2026, production is projected to be 85,538 b/d, an upward revision of 853 kb/d from last month. World oil production ...

Global commodities prices are on track to fall to their lowest level in six years by 2026, as weaker demand, a widening oil surplus and policy uncertainty continue to weigh on markets, according to ...

As the US intensifies sanctions on Russian oil, China is significantly increasing its crude-oil reserves, potentially ...

The world needs more investment in oil and gas as they will continue to account for a large part of the global energy mix in 2050, OPEC Secretary General Haitham Al Ghais said on Wednesday, ...

Brazil, which is hosting the 30th U.N. Climate Change Conference this month, wants to show the world it is a leader in ...

A new oil pipeline to Canada’s Pacific coast is highly likely to make it to the federal government’s list of projects of national interest, Canadian Prime Minister Mark Carney told Calgary Herald in ...

Going against conventional wisdom, explorers at a Norwegian energy company drilled horizontally to find oil in an abandoned natural gas field. A model of a giant rig called the DeepSea Stavanger that ...

The company, headed by 75-year-old Briton Paul Rankin and his family, provided coverage for hundreds of tankers in the so-called shadow fleet — vessels that conceal their identities and cargo to evade ...

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. OPEC Secretary General Haitham Al Ghais emphasizes the critical need for ...