West Texas Intermediate rose 0.8% to settle above $63 a barrel after China’s official news agency reported that Presidents Donald Trump and Xi Jinping spoke over the phone. The conversation is ...

By boosting supply in a market already grappling with sluggish demand, the move is likely to keep oil prices lower for an ...

Saudi Arabia's past oil price wars in 2014–2016 and 2020 backfired, as U.S. shale producers became leaner and more efficient.

Saudi Arabia and Russia had to reach a difficult compromise on OPEC+ policies on Saturday as Riyadh pushed to accelerate oil ...

Big moves, though not big enough to sink oil prices. You might, therefore, think that OPEC + is in total control. After all, ...

Saudi Arabia and the United Arab Emirates see a chance to ratchet up production in July, the third consecutive month of ...

Oil prices settled down just over 1% on Wednesday after U.S. data showed surprisingly large build in gasoline and diesel ...

Some analysts expect the loss in Canadian supply to offset more than half the increases next month planned by OPEC+.

The industry is bracing for the OPEC Plus oil cartel’s meeting on Saturday, which is widely expected to further increase oil ...

Iran is shipping less oil to China, as toughening sanctions snarl the OPEC producer’s shipments and refinery demand falls in ...

U.S. companies are facing economic headwinds that are reducing incentive to continue high production levels of oil.