A supply glut tends to reduce prices, which could prove challenging for President-elect Trump’s plan to boost U.S. oil ...

Given that oil demand growth next year probably won't be much more than 1 million barrels a day, a full unwinding of OPEC+ ...

Following Donald Trump’s historic return to the White House, the US dollar has gone on to a bull rally, seeing ...

Oil prices have fallen by around 3pc today as markets bet on higher supply from the US and sluggish demand from China.

The Organization of the Petroleum Exporting Countries cut its forecast for oil-demand growth for the fourth consecutive month ...

Both contracts had fallen by more than 5% over the previous two trading sessions. China on Friday unveiled a 10 trillion yuan ...

However, technological innovations like hydraulic fracturing and horizontal drilling began reversing the long decline in U.S. oil production and would ultimately force OPEC to react. Oil prices ...

ExxonMobil CEO Darren Woods said there's not much opportunity for the oil industry to increase production in the short term.

In his latest comments – which echoed similar statements Woods made to the media since the election – the CEO tried to ...

Chevron Corp. Plans to increase its exploration holdings in African oil producers such as Nigeria and Angola, where it ...

Non-Opec production would increase ... “We will drill, baby, drill,” he said. Brent Crude, the global benchmark price for oil, is down 2.7pc, having fallen as much as 3.1pc today.