Exxon Mobil's first quarter profit slumped to the lowest level in years, stung by weaker crude prices and higher costs. The oil and gas giant earned $7.71 billion, or $1.76 per share, for the three ...

Oil trading was volatile this morning as fresh sanctions threats by the US against Iranian flows were partially offset by a potential supply hike from OPEC+. US President Donald Trump said that any ...

WTI struggles to preserve modest intraday gains amid mixed fundamental cues. Hopes for a US-China trade deal and a weaker USD lend support to the commodity. Oversupply concerns cap gains for the black ...

Oil prices were flat, and while OPEC+ was largely expected to accelerate oil output hikes for in June, BMI said it was arguable that much of the downside was being priced in ahead of time.

May 2 - Oil prices pulled ahead in early Asian hours on Friday after China said its door is open for talks with the United States, raising hopes of a de-escalation in a bitter trade war between the ...

Brent crude fell below $62 a barrel, heading for a weekly loss of more than 7%, while West Texas Intermediate was near $59.

Crude oil futures traded with low volatility during the Asian session, attempting to stabilize after three sessions of sharp declines.The earlier weakness was driven by concerns over Saudi output and ...

Global oil markets face a potential deficit as exploration struggles to replace consumed reserves and US shale production is ...

Tenaris aims to optimize its supply chain through the expansion of Rig Direct, a just-in-time inventory-management program that maximizes production efficiency through improved demand planning.

Instead of raising production as planned, the cartel’s April output dropped by 200,000 barrels per day (bpd) to 27.24 million ...

OPEC’s crude production fell last month despite the group’s long-awaited plans to increase, with much of the reduction ...