Global oil markets face a surplus of more than 1 million barrels a day next year as Chinese demand continues to falter, ...

Market drivers Fears of a broader Middle East war that could affect crude flows from the region have diminished since earlier this fall, while Donald Trump's presidential election victory leaves ...

But could Trump's alignment with Israel and intention to throttle the Islamic Republic's exports of 1.7 million barrels of ...

Most stock markets in the Gulf ended lower on Wednesday ahead of crucial U.S. inflation data that will offer more clarity on ...

Oil prices pared losses from earlier in the session to trade higher on near-term supply risks as market looks to maintain ...

NMDC Energy is one of the Middle East's largest EPC contractors and is executing multiple oil and gas projects for key ...

On Tuesday, OPEC, in its monthly report, cut its forecast for growth in global oil demand by 107,000 barrels a day in 2024 to 1.8 million barrels a day, or mbd, citing updated data for the first three ...

In its latest monthly report published on Tuesday, OPEC said world oil demand would rise by 1.82 million barrels per day (BPD) this year, down from 1.93 million bpd the cartel predicted in October; up ...

Oil prices held near a two-week low on Tuesday after dropping about 5% over the past two sessions as investors absorbed ...

Technical analysis suggests that oil prices are eyeing a bounce but could face resistance around $74.00 and $76.35. Click to ...

WTI oil has an American Petroleum Institute gravity of 39.6 degrees, considered “light.” WTI also has a sulfur content of just 0.24%, making it very “sweet.” WTI crude oil is typically the benchmark ...

OPEC cut its forecast for global oil demand growth in 2024 and lowered its projection for next year on Tuesday, highlighting ...