Forecasts of an oil glut clash with reality. Prices stay stable because sanctions on Russia and China’s ongoing crude imports/storage keep supply-demand tighter than forecasters assume. With OPEC+ ...

Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. Big Oil’s early-year optimism has faded. With Brent stuck near $60–$70, shale employment is ...

The Trump administration is in the midst of "gradually" refilling the nation's emergency reserve of oil after it was partially drained under the Biden administration. President Donald Trump and the ...

NEW YORK - APRIL 15: Traders call out during activity in the crude oil options area on the floor of the New York Mercantile Exchange April 15, 2008 in New York City. Oil prices set a new record high ...

PARIS/LONDON, Oct 7 - The five biggest global oil majors are moving to cut costs, jobs and share buybacks as falling oil prices threaten to make shareholder payouts unsustainable without increasing ...