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Oil futures added to last week's gains as the U.S. and China agreed to slash tariffs for 90 days, but settle off the day's highs as talks on Iran's nuclear program and the Russia-Ukraine war keep open ...
Crude futures extended gains, while OPEC+ is expected to halt further increases in oil supply from August as a slowdown in economic activity and weakening oil demand become more evident.
Oil jumped as much as 4% before paring gains Monday after a US-China trade truce sent the overall stock market and ...
Crude oil prices rebounded sharply after plunging to a four-year low earlier in the month, driven by a breakthrough in ...
Crude futures extended gains, while OPEC+ is expected to halt further increases in oil supply from August as a slowdown in economic activity and weakening oil demand become more evident.
"The main increase in oil supplies after 2030 will be due to OPEC+ countries, including Russia. While India will be the main driver of oil consumption growth as its demand, as per OPEC, will increase ...
Morgan Stanley forecasts that a significant oil market surplus will lead to a slump in earnings for major international oil ...
Announcement of 90-day pause in tariffs eases market concerns over risk of economic slowdown that could erode energy demand ...
Brent contracts are trading near $64, significantly below the $92-level that the International Monetary Fund estimates the ...
Oil prices are not likely to recover much as a significant surplus is looming on the market, according to analysts.
The latest boost came as high-level trade talks between the US and China concluded on a positive note Sunday. US officials ...