OPEC on Wednesday 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 spending following a decline in oil prices.

OPEC's latest report projects slower oil supply growth from non-OPEC+ producers due to declining upstream investments in 2025 and 2026.

India and Latin America greatly influence the price of oil, since they require more and more oil to support their economic growth and resulting rise in energy consumption. The supply of crude oil ...

LONDON (Reuters) - Oil prices jumped by about 4% on Monday after the U.S. and China said they would ease some of their tariff measures, raising hopes of an end to the trade war between the world's ...

Between tariffs roiling the global economy and OPEC putting more barrels on the market, prices have dropped significantly since January. That's good for consumers, and bad for oil companies.

Oil prices rose on Monday after both sides in U.S.-China trade talks over the weekend touted their progress, which lifted market sentiment that the world's two largest crude users may be moving toward a resolution of their trade dispute.

Singapore, May 7 (BNA): Oil prices rose on Wednesday, holding slightly above recent four-year lows. Brent Crude futures gained 44 cents a barrel, or 0.7%, to $62.59 a barrel by 0400 GMT, Reuters reported. U.S. West Texas Intermediate crude was up 50 cents ...

During today's trading session, Oil India shares experienced a price surge, with the stock price increasing by 2.26% to reach Rs 416.65. This movement has placed the stock among the top gainers in the NIFTY MIDCAP 150 index.

Michigan gas prices jumped up in the past week, landing at $3.21 a gallon. Trump claims — again — he brought gas prices "down to $1.98 in many states." Analysts have said low oil prices could be a sign of looming economic trouble.

Oil futures added to last week’s gains as the U.S. and China agreed to slash tariffs for 90 days, but settle off the day’s highs as talks on Iran’s nuclear program and the Russia-Ukraine war keep open the possibility of sanctions eventually being lifted.