The International Energy Agency continues to forecast a significant supply glut in the oil market, but uncertainty over the ...

China will buy more crude if prices stay relatively low and stable, thus providing a floor to the market, but will pull back ...

WTI prices have fallen since the start of 2025 and are down by 31.57% compared to 2022. Over the past year, the 52-week range ...

Forecasts of an oil glut clash with reality. Prices stay stable because sanctions on Russia and China’s ongoing crude imports/storage keep supply-demand tighter than forecasters assume. With OPEC+ ...

Ever since US President Donald Trump pulled out of the Iran nuclear deal and reimposed sanctions in 2018, “Iran has been ...

Argentina has achieved a new production record of 816,144 barrels of crude oil per day in August 2025, largely due to the Vaca Muerta shale formation, securing its position as Latin America's ...

1557 ET – Sanctions placed on Iranian oil by the EU were overshadowed by reports of OPEC+ increasing the production coming out of member oil refineries. “It appears that the market wants to believe ...

U.S. crude oil inventories likely slipped last week following the previous week's big drawdown, while product stocks are seen lower with a decline in refinery capacity use, according to a survey by ...

Between Aug. 31 and Sept. 1, Indian Prime Minister Narendra Modi attended the 2025 Shanghai Cooperation Organization’s summit meeting in China. Established by China in 2001 to manage border disputes, ...

Last week the European Commission said it was preparing to introduce tariffs on Russian oil imports entering the EU through Hungary and Slovakia. It comes as US President Donald Trump has piled ...

Gov. Gavin Newsom (D-CA) is easing his stance on the oil industry as his state suffers high gas prices and refinery closures, while also positioning himself as a presidential candidate in 2028. Last ...