News

Despite a modest increase in bullish positions last week, portfolio managers have significantly reduced their long positions in oil futures…

The world’s top three crude oil exporters—Saudi Arabia, Russia, and the United States—saw their combined shipments fall by nearly 700,000…

South America has become a crucial driver of global crude oil supply growth as production stagnates in other regions. Brazil,…

Crude oil inventories in the United States fell dramatically by 7.4 million barrels for the week ending August 30, according…

Oil market analysts are bracing for further volatility in the coming weeks after crude futures tumbled to a nine-month low.…

Citi has projected that oil prices could fall to $60 per barrel next year if OPEC+ does not impose additional…

Saudi Aramco, the world’s largest crude oil exporter, is actively seeking new acquisition opportunities in the downstream and liquefied natural…

Five years ago, Egypt was poised to become a key player in the regional and possibly global gas market. This…

Oil prices experienced a decline early Tuesday, with Brent crude slipping below $75 per barrel for the first time this…

In the global market, the price of Azerbaijani oil, known as “Azeri Light,” has dropped by $3.01, or 3.69%, bringing…