Oil prices settled more than 1% higher on Friday and recorded a weekly gain in low trading volume ahead of year-end, buoyed ...

Despite record-breaking EV sales in China and Norway, global oil demand remains strong. While China's EV market surges, its ...

The decision by OPEC to delay the future ramp up in output from Jan 2024 to April 2024 likely dropped the STEO estimate for ...

Kuwait Oil Company (KOC) has announced the addition of 90,000 barrels of heavy crude to its production, with more to come.

This past year has been a relatively quiet one for the oil market. After a brief bounce, crude prices are on track to end ...

The Defence Headquarters, DHQ, has announced that troops on internal security operations arrested two terrorist ammunition couriers and 256 other suspects ...

After rebounding from the pandemic-induced bust, drillers pushed U.S. production to a record of over 13 million barrels a day ...

The president-elect made the announcement on Truth Social on Sunday. ABC News’ MaryAlice Parks discusses President Joe Biden's invitation for President-elect Donald Trump to visit the White ...

Airports are warning of delays for both departing and arriving flights as thick fog continues around the country. Director-General of the World Health Organization, Tedros Adhanom Ghebreyesus ...

The real-time price of Brent crude oil is at $73.41 per barrel, and the price of WTI crude oil is at $70.26 per barrel. Oil prices are customarily quoted in dollars (USD) around the world, not only in ...