Oil prices are expected to fall in the coming autumn months due to the emerging oversupply, according to experts.

Over the weekend, the group announced a larger-than-expected hike of 548,000 bpd for August, the fourth consecutive monthly increase in output, and signaled another 550,000 bpd rise in September ...

War can lead to ‘complications on energy producers’ and hardships on national economies, Iran’s oil minister warned on ...

Oil prices rose on Wednesday, maintaining their highest levels since June 23, lifted by attacks on shipping in the Red Sea and a forecast for lower U.S. oil production while uncertainty over U.S.

VIENNA, July 9. /TASS/. The spare oil production capacity in the global oil sector is declining every year, even in OPEC+ countries, due to underinvestment, Energy Minister of the UAE Suhail Al ...