However, the recent price drop has raised doubts about whether the group’s strategy is sustainable in the long term. While the alliance has managed to keep oil prices relatively stable over the past ...

Strategic Petroleum Reserve increased from 398.5 million barrels to 399.1 million barrels. Domestic oil production declined from 13.465 million bpd to 13.367 million bpd. Oil markets tested ...

BISMARCK , N.D. (Reuters) – Oil and gas operators in North Dakota have indicated they plan to drop rigs and frac crews due to weaker oil prices, a move that is likely to impact output in the third ...

Nicknamed the “champagne of crude oil”, Murban oil –of which a drop was encased and gifted to visiting US President Donald Trump on Friday– is a high-quality, “light, and sweet” crude ...

KUWAIT, 16th May, 2025 (WAM) -- The price of Kuwaiti crude oil declined by US$2.45 on Thursday, settling at US$64.08 per barrel, down from US$66.53 the previous day, the Kuwait Petroleum ...

Oil prices fell on Thursday on expectations for a U.S.-Iran nuclear deal that could result in sanctions being eased, while a surprise build in U.S. crude oil inventories last week heightened investor ...

Wall Street veered lower before the opening bell Thursday and oil prices fell more than $2 a barrel as optimism over a possible U.S.-Iran nuclear deal rose. Futures for the S&P 500 and Dow Jones ...

As of 15:04, oil prices in both markets fell by over 2% simultaneously, with US crude oil dropping by 2.74% and Brent crude oil by 2.59%. This is due to market expectations of a potential nuclear deal ...

TOKYO : U.S. crude futures declined more than $1 in early trade on Thursday after an unexpected build in U.S. crude oil inventories last week raised investor concerns about oversupply. U.S. West ...

[LONDON] Opec on Wednesday (May 14) trimmed its forecast for growth in oil supply from the United States and other producers outside the wider Opec+ group this year and said it expected lower capital ...

In stores now, you can nab the £3.50 PS... Elixir Body Oil, which nourishes and restores moisture after cleansing skin, with jojoba oil and vitamin E. It is a dupe for the £33 Nuxe Huile ...

Equities stuttered Thursday as investors await fresh developments in trade talks, with US partners looking to reach deals to avoid Donald Trump's tariff blitz, while oil extended losses on hopes ...