Russia produces more than 10 million barrels of oil a day Saudi Arabia has announced it will be cutting its production of crude oil by a million barrels a day to try to boost prices. Other members ...

New analysis has revealed a “systematised trade” in crude oil between Turkey and Israel, with eight journeys tracked since Ankara’s imposition of a trade embargo in May over Israel’s ...

Global oil production is forecast to increase by 1.6 million b/d in 2025, and almost 90% of that growth will come from non-OPEC+ countries, the US EIA said in the December STEO. OEPC+ crude oil ...

Yet pump prices already have plunged. The price of benchmark U.S. crude oil, called West Texas Intermediate, has tumbled to about $70 a barrel from $120 in June 2022, shortly after Russia’s ...

SINGAPORE, Dec 10 (Reuters) - China's crude oil imports jumped in November from a year earlier for the first annual growth in seven months, data showed on Tuesday, driven by lower prices of Middle ...