The Organization of the Petroleum Exporting Countries' most recent monthly oil market report found production by the broader OPEC+ group rose in May by 180,000 barrels per day to 41.23 million bpd ...

Middle East oil power is losing geopolitical influence. Global energy diversification and reduced Western dependence—especially by the U.S. and EU—have made markets more resilient to Middle ...

Due to Trump’s pro-energy policies, the U.S. is well braced to endure disruptions in the market, including wars in the oil-rich Middle East, according to energy sector experts.

Premiums for prompt benchmark oil prices globally are falling compared with those in future months on rising output from the ...

Global crude oil prices are now lower than they were before Israel attacked Iran earlier this month. A price spike did occur, but it was short-lived — unlike oil crises of the past.

The oil market remains doubtful about the impact of the additional 25% tariffs imposed by the US on India over its purchases of Russian oil. According to ING Group, the market still expects further ...

According to AAA, gas prices went up approximately 20 cents per gallon early last week before dipping again over the weekend. At $2.95 per gallon, prices were the lowest they’d been since May 10 ...

Al-Monitor’s senior market research analyst Sam Wendel joins host Adam Lucente to discuss the effects of the Israel-Iran conflict on the Middle East economy, including the potential benefits to Gulf ...

Reliance Industries is likely to shift back to its traditional Middle Eastern sources for oil if India yields to pressure ...