Oil prices post losses for the month and quarter on bets for a supply surplus
Oil futures ended Monday with losses for the session, month and quarter, pressured by expectations that major oil producers will boost production in December — leading to a surplus of supplies as the outlook for demand remained uncertain.
Israel launched a ground offensive against Hezbollah targets in southern Lebanon on Tuesday in a marked escalation of ...
(Reuters) - Analysts have cut their 2024 oil price forecasts for a fifth consecutive month, citing weaker demand and ...
U.S. oil demand rose in July to the highest seasonal level since 2019 while output declined for the second time in three ...
Oil prices edged lower in early trading as prospects of increased supply from OPEC+ offset risks of supply disruptions in the Middle East. OPEC and its allies are set to gradually unwind some of its ...
"The risk of supply disruptions in the Middle East are being offset by the prospect of production hikes from OPEC. Despite ...
Oil prices were little changed on Tuesday as stronger supply prospects and tepid global demand growth outweighed worries that ...
This past month’s movements in oil prices seemed rather severe. Only a few weeks ago, some were talking about Brent oil ...
Federal regulators are alleging a major oil company CEO conspired with foreign governments to keep oil and gas prices ...
Russia's state revenue from oil and gas is expected to decline in 2025-2027 mainly because the tax burden on the country's ...
Libya’s eastern-based parliament approved a new central bank governor, ending a standoff over control of the OPEC member’s ...
Claimants are competing for fish, oil and gas amid unresolved maritime boundaries and differing interpretations of law.
Exxon Mobil Corp's deal to sell its Nigerian onshore assets to Seplat Energy will be approved in days after getting clearance ...
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