As the world’s petroleum producers increase the global supply of oil, one market watcher says resilient demand for crude ...

Iran's threat to block the world's most vital oil transit point has raised fears of major global economic consequences.

One of the most troubled countries in the world, Venezuela is also the country with the world’s largest oil reserves. Not all major oil producers have major proven oil reserves. Sources estimate ...

Between 1965 and 2005, humanity has seen an increase in demand for crude oil by about two and a half times. We are using twice as much coal and three times more natural gas. At present, crude oil ...

The risk of a wider Middle East conflict has put investors on edge and boosted oil prices due to fears of a disruption in global oil supplies.

Surplus crude oil production capacity is projected in the STEO to come in at 4.48 million barrels per day in the fourth quarter of 2024, 4.37 million barrels per day overall in 2024, and 4.18 ...