Fears that Israel may destroy Iranian oil facilities to deprive it of its main source of revenue have driven oil prices ...

Iran has in the past threatened to disrupt shipping through the Strait of Hormuz if it is attacked. The Strait is the exit ...

Russia's chief oil official advocated for OPEC+ oil producers to move forward with their scheduled output increase, citing an ...

Saudi Energy Minister Prince Abdulaziz bin Salman said OPEC+ has become a key guarantor of oil prices and the sector as a ...

Oil assets, whether production sites or export infrastructure or ships, have not been directly targeted in the exchange of ...

OPEC said on Monday it expected the global economy to remain resilient in the second half of this year and trimmed its ...

ST. PETERSBURG. June 19 (Interfax) - Oil market volatility benefits no one, and OPEC+ supports stable market development, demand growth and the security of supply, Russian Deputy Prime Minister ...

Output for March 2025 was revised higher by 2 kb/d and April 2025 output was revised higher by 128 kb/d compared to last ...

OPEC+’s latest increase of 411,000 barrels per day (bpd) for July, the third such hike in three consecutive months, suggests ...

Good afternoon, and happy Juneteenth! If you are off today, we hope you are having a restful Thursday and keeping cool in this heat. Most of the U.S. is in for some scorching temps hitting the 100s ...

Russia failed to reap the full rewards of the recent rally in oil prices, or the increase in its own OPEC+ output target, as ...

There is already an understanding between both ministries on the issue," Tsivilev said. "We are developing our own new technologies for HRR. Of course, they are expensive and have a much longer ...