OIL - /contrib/oil

The U.S. State Department has accused OPEC of withholding spare oil production capacity of up to 1.42 million barrels per day

While oil traders have been generally punting to the " November Iran sanctions " as the reason why in recent weeks a bevy of $100 oil forecasts have emerged (even if Goldman disagrees ), a more immediate cause for the prevailing oil price bullishn

The Trump administration on Thursday eased safety rules on offshore oil and gas ...

Oil has climbed since early August as speculation swirls over whether the OPEC and its allies will boost production, with sanctions on the Middle East nation's exports set to take effect in November

Oil tumbled after a Reuters report that during this weekend's meeting of oil producing states in Algeria, OPEC and Non-OPEC states may boost production by half a million barrels per day, to offset lost Iran production.

Again Capital's John Kilduff sees Iran sanctions and U.S. driver demand for fuel among the chief factors pushing oil prices higher.

Opec supply cuts since 2017 have tightened the market, with oil also supported by the US sanctions threat against Iran — which is threatening to block shipments through the Strait of Hormuz

President Trump said on Twitter Saturday morning that King Salman of Saudi Arabia has agreed to increase its oil production by as much as 2 million barrels per day "because of the turmoil and disfunction in Iran and Venezuela." The big picture, fr

Crude prices jumped on Tuesday after the U.S. State Department ordered companies to cut all of their imports coming from Iran to zero by November.

President Donald Trump directed his Twitter fire Wednesday morning at OPEC, blaming the international oil cartel for rising gas prices.

A U.S. call for more oil from OPEC and a negative trend line for the price of Brent crude oil helped lead oil prices toward a second day of declines on Tuesday.

The U.S. government has quietly asked Saudi Arabia and some other OPEC producers to increase oil production by about 1 million barrels a day, according to people familiar with the matter.

In its latest Oil Market Report, the IEA warns of a new oversupply situation in oil markets as U.S. shale producers have opened the taps once again