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 ...

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.

Crude oil prices were mostly flat by midday Thursday, regaining its footing after three consecutive days of sharp losses as market participants assessed oversupply risks due to higher OPEC+ production ...

Crude oil prices continue to drop, sinking 2% below $57/bbl as OPEC+ may increase supply and economic stress looms. Oil has ...

West Texas Intermediate oil futures are falling 3%, taking the front-month contract to less than $57 a barrel after Reuters reported that [Saudi Arabia was unwilling to continue propping up the market ...

Noble Corporation plc sees a short-term boost with strong Q1 free cash flow and $2.2B in new contracts, but long-term outlook ...

OPEC+ shocked the market earlier this month with plans to ramp up crude output, setting up oil prices for their worst monthly performance in years. Now the group of oil producers might add even more ...