Oil prices slide 2% on worries about global oversupply, US demand

Oil prices slid on Thursday, settling about 2% lower as concerns over possible softening of U.S. demand and broad oversupply offset threats to output from the conflict in the Middle East and the war ... Read More

Oil prices set to fall as oversupply, demand uncertainty weigh on outlook

Global oil prices are increasingly facing downward pressure as supply outpaces demand and traders weigh the impact of shifting geopolitical and trade dynamics. With the summer consumption peak behind ... Read More

Oil prices settle up over $1 after global tensions mount; oversupply caps gains

Oil prices settled higher on Wednesday by more than $1 a barrel as investors worried about possible supply disruptions after Polanddowned drones in its airspace and the U.S.pushed for new sanctions on ... Read More

Global oil market looks ‘bloated’ amid lackluster demand from major economies

World oil supply will rise more rapidly than expected this year and next as OPEC+ members further increase output and supply from outside the group grows, the International Energy Agency said ... Read More

Russia Oil Revenue Down by Third in July on Weak Prices, Strong Ruble

Russia's proceeds from oil in the state budget shrank by a third from a year ago in July following a drop in global crude prices and the appreciation of the nation's currency. Image by chekat via ... Read More

Oil prices fall with expected low demand, upcoming supply boost

HOUSTON (Reuters) -Oil prices fell on Friday as traders looked toward weaker demand in the U.S., the world's largest oil market, and a boost in supply this autumn from OPEC and its allies. Brent crude ... Read More

Exxon Chief Says Demand for Oil Remains ‘Very, Very Strong’

The largest U.S. energy companies reported their lowest second-quarter profits in years, as tariffs have weighed on oil prices. By Rebecca F. Elliott Darren Woods, the chief executive of Exxon Mobil, ... Read More

WTI and Brent Plunge Over 2% on Report of Saudi Push for More Oil Production

Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. Crude oil prices are continuing their slide, on course to end the week with a loss that ... Read More