The International Energy Agency on Wednesday raised its forecast for oil supply growth this year following a decision by the

Oil prices fell on Wednesday after the IEA noted supply overtaking demand this year, while investors awaited Friday’s meeting between

Two Texas businessmen were indicted for allegedly bribing officials at Mexico’s state energy company Pemex with $150,000 and luxury items

PT Kilang Pertamina Internasional, the refinery unit of Indonesian state energy company Pertamina, has started its first shipments of sustainable

Asian refiners widely believe that tighter sanctions on Russian oil trades for India adversely affect the Middle Eastern sour crude

U.S. crude production will hit a record 13.41 million barrels per day in 2025 due to increases in well productivity,

Sinochem has delivered its first Middle East crude cargo during the Platts Dubai Market on Close process, trade sources said

Oil Market Highlights

Crude Oil Price Movements

In July, the OPEC Reference Basket (ORB) value increased by $1.24 month-on-month (m-o-m), to average $70.97/b. The ICE Brent front-month contract dropped by 25¢, m-o-m, to average $69.55/b, and the NYMEX WTI front-month contract dropped

Oil prices were little changed on Tuesday after the United States and China extended a pause on higher tariffs and

Oil prices were broadly steady on Tuesday as the United States and China extended a pause on higher tariffs, easing