While Azerbaijan's oil production has been on the decline since peaking in 2010, production of natural gas is burgeoning.

Former President Donald Trump's return to the White House could mean tougher enforcement of U.S. oil sanctions against Iran, potentially trimming global supplies, but could also carry geopolitical ...

The Republican candidate and former president won Tuesday’s election after surpassing the 270-electoral college vote ...

Experts believe that crude oil prices could also fall amid higher production from non-OPEC, which would balance lower supply from the Saudi Arabia-led oil cartel OPEC+. On November 3, the Organisation ...

OPEC+ delayed a planned increase in oil production, causing prices to rise as analysts debate the long-term impact on the market.

Chevron has expanded its exploration acreage in African oil producers, including Nigeria and Angola, where it thinks there is ...

Iraq and the Kurdistan Regional Government have resolved their dispute over oil exports, with Baghdad agreeing to take deliveries of Kurdish crude oil.

"Crude oil is bid on bullish supply/demand dynamics ... On Sunday, the Organization of the Petroleum Exporting Countries and their allies in OPEC said they would push back a production hike by a month ...

Top oil exporter Saudi Arabia has cut the price for the flagship Arab light crude it sells to Asia in December by ...

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $71.35 on Wednesday. The WTI price edges lower as the US presidential election polls were closing in the United States.

It was also noted that crude oil production fell short of the OPEC quota of 1.58 million barrels per day, meaning it fell by 308,000 barrels per day in the second quarter of 2024. Nigeria has been ...

Chevron Corporation has stated its plans to increase its exploration holdings in African oil producers such as Nigeria and ...