Oil Market News

Speculative net length in global oil benchmark Brent crude rose to the highest level in three months.....

US oil and gas rotary drilling count declined a second straight week, as oil explorers scaled sharply back another week...

Benchmark crude oil futures extended losses Friday as further potential increases to OPEC+ production coincided with deepening trade...

Crude futures slid into the end of the week as expectations of a big increase in OPEC+ output fed into the market..

ExxonMobil told investors Friday that Permian Basin production reached fresh highs over the second quarter, while offshore operations in...

Global passenger air traffic rose 2.6% in June, the slowest pace this year, as geopolitical tensions in the Middle East appeared to weigh on demand...

The OPEC alliance will likely agree to a production hike in September when members meet this Sunday...

Chevron has begun moderating E&P growth in the Permian Basin after reaching record production of 1 million ...

Cameroon's national oil company on Friday launched an oil and gas exploration and production licensing round...

Gasoline cracks firmed this week as persistent residue build-up threatened to slash runs at Dangote's RFCC unit, while fading arbitrage...