GOVERNMENT has received US$20 million from the OPEC Fund for International Development to support the construction of new ...

Goldman Sachs has also lowered its forecast for oil demand growth this year by 18% to 9,00,000 barrels a day as the US ...

Oil rose for a second day after China, the world’s biggest importer, said it would take steps to revive consumption by boosting incomes.

According to the chief executive of Vitol, Russell Hardy, the current developments in supply and demand could push oil prices ...

VIENNA, 14th March, 2019 (WAM) -- The price of OPEC basket of fourteen crudes stood at US$66.60 a barrel on Wednesday, 13th March, compared with US$66.30 the previous day, according to OPEC ...

Trump’s current high tariffs policy would deepen distrust of the dollar and will cost America massive reputational damage ...

VIENNA, 18th January, 2021 (WAM) -- The price of OPEC basket of thirteen crudes stood at US$50.78 a barrel on Thursday, 17th December, 2021, compared with $50.12 the previous day, according to OPEC ...

Ukraine's potential agreement to a US-negotiated ceasefire could have far-reaching consequences for the global commodity ...

Saudi Aramco announced that it expects to declare total dividends of $85.4 billion in 2025, down from $124.2 billion in 2024.

Donald Trump’s second presidential term promises to be bullish for energy supplies, but not likely for oil prices. Trump’s rapid-fire policy changes have created an atmosphere of uncertainty across ...

The U.S. Energy Information Administration has revealed its latest Brent spot price forecast for 2025 and 2026 in its March ...

"If the prospect for a ceasefire continues to be pushed into the future, the market would expect Russian oil to be under sanctions for an extended period of time," said Andrew Lipow, president of ...