U.S. crude oil production has reached an all-time high, defying expectations of decline, though growth is slowing.

The US Energy Information Administration (EIA) has projected a notable decrease in crude oil prices, anticipating that global oil supply will significantly outpace the demand for petroleum products.

Plentiful supply and weak demand has helped bring down fuel prices, which President Trump has often cited as a measure of his success. By Emmett Lindner The price of crude oil dropped to $62.46 a ...

Crude oil prices stair-stepped lower for the sixth-straight day Apr. 8, 2025, on the heels of the OPEC+ announcement to increase output in September by more than 500,000 b/d and as traders ignore Pres ...

Plains All American sold assets at lower valuations and bought at higher ones, increasing Permian Basin concentration and ...

Crude oil stocks, not including the SPR, stood at 423.7 million barrels on August 1, the EIA's latest weekly petroleum status report showed. U.S. commercial crude oil inventories, excluding those in ...

Many oil price forecasts, particularly those from the International Energy Agency and net-zero organizations, consistently predict a glut by ignoring contradictory data or using flawed computer models ...

JAKARTA/SINGAPORE, Aug 19 (Reuters) - Indonesia plans to build a network of small modular refineries to process U.S. and domestic oil, aiming to reduce gasoline imports, but analysts warn the switch ...

Following last week’s Trump-Putin meeting in Alaska, the geopolitical risk factor in crude markets has ebbed and flowed. First reactions were positive, i.e., bearish for prices with the prospect of ...