Despite economic uncertainties, oil prices have held steady within a defined range. According to Emkay, Brent crude has been fluctuating between USD 70 and USD 75 per barrel for over three months ...

The head of Canada’s biggest oil and gas advocacy group says companies are looking through the recent market upheaval and focusing on the long-term demand outlook. Lisa Baiton, president and chief ...

Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. Crude oil inventories in the United States saw a large ...

At 435.2 million barrels, U.S. crude oil inventories are about five percent below the five year average for this time of year', the EIA said. U.S. commercial crude oil inventories, excluding those ...

Bank of America forecast the global trade war – which has heated up as China and the European Union threaten retaliation – will cut oil demand growth in half this year to 450,000 barrels per day.

At a ministers' meeting on Thursday, OPEC+ countries agreed to advance their plan for oil output hikes, now aiming to return 411,000 barrels per day to the market in May, up from 135,000 bpd ...

Gasoline prices touched their highest level since September on Wednesday as a more expensive summer blend of driving fuel kicked in and oil prices sat above $70 per barrel. The national average ...

Russia’s tighter export restrictions and OPEC+ uncertainties add pressure to already volatile oil and gas markets. WTI crude fell nearly 3% to around $69 per barrel as geopolitical tensions and ...

Goldman Sachs now expects oil demand to grow by 300,000 barrels per day (bpd) in 2025, down from its previous forecast of 600,000 bpd, and to increase by 400,000 bpd in 2026. The bank attributes ...