The world faces a record glut of oil next year as a Saudi-led cartel ramps up production – just as global demand slumps.

The IEA raises its projections for oil supply growth in 2025 while trimming demand forecasts, citing weaker fuel consumption ...

World oil supply will rise more rapidly than expected this year and next as OPEC+ members further increase output and supply ...

The NYMEX September West Texas Intermediate oil contract was 89cts lower at $62.28/bbl and October WTI was down by about the same to $61.59/bbl at about 11:30 a.m. ET. The October Brent crude contract ...