U.S. crude oil storage demand has surged in recent weeks to levels similar to the COVID-19 pandemic, according to data from ...

Jeff Currie, Carlyle chief strategy officer of energy pathways, joins CNBC's 'Squawk on the Street' to discuss outlooks on ...

Kazakhstan is on track to surpass its oil production target for 2025 thanks to a Chevron-led expansion at the Tengiz field, ...

The pressure on markets comes as Bloomberg News on Thursday reported that members of the OPEC+ group are considering another output hike in July. The group has already agreed to raise production by ...

The Organization of the Petroleum Exporting Countries trimmed its economic growth outlook and kept its oil demand forecast ...

OPEC remains optimistic about oil demand growth through 2026, even as it warns of declining investment and slower supply ...

VIENNA, 5th April, 2017 (WAM) -- The price of OPEC's basket of thirteen crudes stood at US$50.59 a barrel on Tuesday, compared with $50.68 the previous day, according to OPEC Secretariat calculations.

"Nigeria loses billions of dollars annually to crude oil theft. This is severely undermining our economy, weakening the Naira, and depriving the nation of vital revenue needed for infrastructure, ...