The discount on Western Canada Select (WCS) heavy crude versus the North American benchmark West Texas Intermediate (WTI) ...

A U.S. federal court has accepted offers for the purchase of Venezuela-owned refiner Citgo Petroleum, the latest move in a ...

Residents of a Houston suburb have been evacuated with major roads and businesses shut down after an oil pipeline caught fire ...

Citigroup on Sunday said it believes OPEC and allied producers, known as OPEC+, will likely extend current output cuts into 2025 and predicted Brent crude prices could rally to $75/bbl or more over ...

Oil futures on Monday marked their highest settlement in nearly two weeks, building on last week’s gains despite the latest downbeat economic data from China. "Supply wo ...

Wall Street financial services company UBS has cut its oil price forecasts for the period 2024-2026, citing weaker global ...

By 1315 GMT, Brent crude futures for November rose by $1.40, or 1.96%, reaching $73.01 a barrel. Meanwhile, U.S. crude ...

U.S. crude oil stockpiles were expected to have fallen last week, while gasoline inventories likely rose, a preliminary Reuters poll showed on Monday.

The Fed is expected to deliver its first rate cut since 2020 on Wednesday, with markets seeing higher odds for a 50 basis ...

Despite Western sanctions and oil price caps, Russia continues to use an aging "shadow fleet" of tankers to circumvent ...

The Brent/WTI spread has historically ranged between $4/bbl and $8/bbl, but it can expand or contract based on factors ...

Russia's oil revenue has plummeted as global crude prices fall. Oil sales dropped to $1.44 billion in the week ending ...