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

OPEC raised its expectations for global oil demand growth next year and lowered the supply growth forecast for producers ...

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

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

Despite some short-term supportive factors for the market, oil prices continue to edge lower ahead of Friday’s Trump-Putin ...

Oil prices fell over 1% on Wednesday after a U.S. crude supply unexpectedly rose, but losses were limited after the U.S.

The International Energy Agency (IEA) has further trimmed its forecast for crude oil demand this year, citing softer global ...

Nigeria's oil production exceeded 1.5 mbpd in July, surpassing its OPEC quota for the second consecutive month, solidifying ...

World oil supply is projected to increase more rapidly than expected this year and next as the Organization of the Petroleum ...

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 ...

OPEC report showed that Nigeria retained its position as the largest oil producer in Africa, surpassing Algeria, which ...