Quota violations are common in Opec. Saudi leverage comes from spare capacity, used to discipline non-compliant members ...

Lower fuel costs could create savings for consumers, but economic threats posed by tariffs still a concern, a local economist ...

Two significant events reverberated through the Canadian oilpatch on Monday, with Parkland Corp. accepting a $12.6-billion ...

The Organisation of Petroleum Exporting Countries (OPEC) has agreed to increase oil production for the second time in two months, adding 411,000 barrels per day to its production quota in ...

Crude prices rise as oversold signals and weaker U.S. output offer near-term support ...

Driven by expectations that production will exceed consumption, oil has lost over 10% in six straight sessions. Oil gained more than $1.50 per barrel on Tuesday, rebounding on technical factors and ...

The OPEC+ oil cartel, which is de facto led by Riyadh, has increased production—causing barrel prices to hit a four-year low.

OPEC+'s decision to aggressively increase oil supply will result in an earlier and sustained market surplus throughout 2025.

Falling crude oil prices spell good news for the Indian economy and in turn the domestic stock market. Analysts are bullish ...

Frontline PLC, a Cyprus-based oil shipping company, saw its share prices grow by 3.85 percent on Monday to close at $17.79 ...

Russia's oil price in roubles has fallen to a two-year low below the 4,000 rouble per barrel mark and some 40% lower than ...

Oil prices have entered a sharp decline, hitting their lowest levels in over four years – a development poised to bring ...