BP Flags Hit From Lower Oil, Gas Prices But Expects Production Rebound BP warned lower oil and gas prices would hit its second-quarter performance, but said it expects higher upstream production and a ...

Oil rose in early trade on prospects of potential U.S. sanctions on Russian oil and reports that OPEC+ was weighing a pause in output hikes after August. Supply is set to rise three times faster than ...

Iran recorded the highest increase in crude oil production among all countries in 2024, boosting its daily output by 374,000 ...

The US government has wound down a license allowing LPG cargoes to be shipped to Venezuela. State energy company Petroleos de ...

Venezuela is spiraling once more into an inflationary storm as new data warns that price increases could skyrocket to 530% in ...

China’s slowing demand and India’s rise as a refining hub, combined with “missing barrels” and potential new US sanctions, ...

The US Energy Information Administration revealed on Sunday that Iraq’s weekly oil exports to the United States rose during the last week.

Reuters cited shipping data and documents showing the state producer has ramped up exports to Asia since then. Deals have ...

Venezuela exported some 844,000 barrels per day (bpd) of crude and fuel in June, an 8% increase from the previous month as ...

Despite inherent geopolitical complexities, regional cooperation in developing alternative transit routes is increasingly attractiveThe post Why didn’t oil prices rise during the Israel-Iran war?

Venezuela exported some 844,000 barrels per day (bpd) of crude and fuel in June, an 8% increase from the previous month as ...

Saudi Arabia, OPEC’s top oil producer, earned $179 billion in 2024, making up about a third of the group’s total revenue..