A revitalized Venezuelan oil industry could lift production from 800,000 barrels daily back to its peak of 3 million, but the path will be long and costly.

The official market for crude could soon start to feel disturbances as the U.S. and Europe crack down on illicit trading.

While benchmark oil futures have largely shrugged off Nicolas Maduro’s downfall, the former Venezuelan leader’s ouster has reverberated through some of the less well-known corners of the market.

Oil glut fears are easing as demand surprises to the upside, with the International Energy Agency revising forecasts after stronger consumption and weaker-than-expected supply growth.

Corn and wheat futures were lower early Wednesday seeing some profit taking after a higher close Tuesday says Darin Newsom, senior market analyst with Barchart. Corn and wheat added some risk premium Tuesday due to increasing tensions between Russia and ...

North Dakota’s top energy leaders shared their thoughts on the bearish oil market, which led to Continental Resources announcing that it would stop new drilling in the state.

Oil price moves aren't random, and sharp reversals and stalls are often driven by options positioning and mechanical hedging flows, not news or fundamentals.

Let’s be honest: The oil market has always been wrong about long-term prices. Unsurprisingly, it’s currently wrong in anticipating that a barrel of crude will cost around $60 by 2030, close to current levels. Barring an economic cataclysm, oil will be ...

By Robert Harvey LONDON, Jan 21 (Reuters) - The global oil market will be in deep surplus in the first quarter of 2026, the International Energy Agency said on Wednesday, as so far excess supplies have offset the geopolitical risk of disruption.

Oil producers in the OPEC+ group this weekend confirmed they will hold output levels flat in the first quarter of next year. This comes after the group spent most of this year increasing oil production. For most of OPEC’s history, the group and its ...

Key opportunities include deep-water exploration investments, downstream petrochemical integration, and carbon management pipeline expansion. Untapped reserves in Sarawak and Sabah offer growth potential,