Oil prices rose on Wednesday on signs of weakening production in the U.S. and higher demand in Europe and China as buyers ...

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 ...

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell 4.49 million barrels in ...

The US cut its forecast for domestic crude production this year even before oil’s latest plunge below $60 a barrel prompted ...

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

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Saudi Arabia experienced a substantial $15.6 billion budget deficit in the first quarter of 2025, even before the recent ...

The head of the largest independent oil producer in the Permian Basin predicts US shale production has peaked and will likely ...

Crude futures picked up from the previous day’s losses, helped in part by major Permian producer Diamondback Energy’s CEO warning shareholders that the company expects activity to slow and production ...

Crude prices fell sharply on Monday, the first trading day after the wider Opec+ producer group announced it would unwind ...

Kansas crude prices also drop to four-year lows. Kansas Common crude at CHS in McPherson starts the week at $48.50 per barrel ...

Between tariffs roiling the global economy and OPEC putting more barrels on the market, prices have dropped significantly ...