Concerns about higher OPEC production has likely kept oil from joining the rally in growth-sensitive metals, while fears of collateral damage to demand from an “imaginary recession” are overdone, said ...

Exxon Mobil downgraded to 'buy' amid geopolitical and earnings shifts. Despite near-term challenges, XOM trades at a discount ...

In addition to the IMF funding, the government anticipates receiving a further $2 billion in budgetary support from ...

At the same time, OPEC has revised downward its forecast for oil supply growth from non-OPEC+ countries in 2025 and 2026 by 0.1 mln bpd, lowering it to 0.8 mln bpd. In absolute terms, supply from ...

Oil prices edged lower on Wednesday after government data showed U.S. crude oil stockpiles rose unexpectedly last week, ...

In the spot market, Chicago RBOB prices rose by around 4cts to $2.21/gal, which was the most expensive east of the Rockies, driven by active refiner buying after the latest EIA data showed a 1.5 ...

OPEC Signals Cautious Optimism on Trade, Holds Oil Demand Forecast The Organization of the Petroleum Exporting Countries trimmed its economic growth outlook but struck a cautiously optimistic tone on ...

The precious metal sold off sharply at the beginning of the week as the U.S.-China trade agreement spurred risk-on sentiment, then broadly stabilized on Tuesday as the latest U.S. inflation data ...

MOSCOW, May 14. /TASS/. Oil production by the eight OPEC+ countries, which voluntarily reduce oil production, totaled 30.807 million barrels per day (bpd) in April, which is 475,000 bpd above the ...

Oil supply from non-OPEC+ countries, including the US, is projected to increase by about 800,000 b/d in 2025, down from last ...

U.S. oil prices fell toward the Wednesday's lowest levels after the Energy Information Administration reported an increase of 4 million barrels in U.S. commercial crude-oil inventories for the week ...

Despite pledges to increase production, OPEC+ saw a decline in collective output in April, driven by shortfalls in sanctioned ...