OPEC switches to 'call on OPEC+' in global oil demand outlook, sources say

Demand for crude from the wider group is now more relevant, one of the sources said, because the DoC...

Russian oil imports rise to nine-month high in April

Overall, India imported 4.8 million bpd of oil in April, a decline of 6.5% from the previous month a...

Oil set for weekly loss as markets worry about demand

The Brent crude July contract rose 74 cents to USD 81.85 a barrel as of 11:53 a.m. ET (1553 GMT). Th...

Goldman Sachs expects oil demand to keep growing until 2034

"We expect peak oil demand to occur by 2034 at 110 million bpd; subsequently, we project a moderate ...

OPEC+ discuss keeping voluntary oil cuts until year-end

The cuts include 3.66 million bpd by OPEC+ members valid through to the end of 2024, and the 2.2 mil...

Oil climbs on optimistic demand growth estimates for 2024

Elsewhere, Russia pledged to meet its output obligations under the OPEC+ pact after saying it exceed...

Sharp cut in windfall tax on crude petroleum, effective today

The organization expected in its recent assessment that oil demand in 2024 will stand at around 135,...

Oil prices slip for fifth session on demand worries

Concerns over how OPEC+ production would pan out in the fourth quarter if the cuts are lifted has ex...

Oil prices dip as weak demand offsets supply disruptions from Gulf storm

On Tuesday, markets will be watching for the monthly oil market report from the Organization of the ...

Oil steadies after sharp falls as Middle East uncertainty persists

The market will be looking out for U.S. crude and fuels inventory data due on Wednesday. Analysts po...