OIL - /contrib/oil

The increase in trade volume is coming mainly on India's increased import of Russian oil, a fact that has attracted much criticism from the West.

Chevron Corp on Friday reported its second-highest ever quarterly profit, blasting past analysts' estimates, driven by soaring global demand for its oil and gas and rising production from its U.S. oilfields. The surge comes as oil companies book mount

News, analysis and comment from the Financial Times, the worlds leading global business publication

President Joe Biden is reevaluating America's relationship with Saudi Arabia as the Riyadh-led OPEC+ alliance moves to cut oil production and Democratic lawmakers call for a freeze on cooperation with the Saudis.

OPEC+ surprise deep oil production cuts agreed this week are set to benefit Russia most while tightening supply to the West already suffering from record energy prices.

A massive block of the world's oil producers announced plans to cut production Wednesday, just as demand was rising.The Organization of the Petroleum Exporting

Major oil producers meeting in Vienna Wednesday agreed to reduce their collective crude production levels by 2 million barrels a day starting next month, but...

Congressional lawmakers blasted the United States's continued reliance on foreign energy after OPEC+ agreed to slash oil production by more than two million barrels a day.

OPEC+ alliance makes big cut to world oil production to boost sagging prices, which could mean rising costs at the pump

The Organization of the Petroleum Exporting Countries (OPEC) and its oil-exporting allies announced a 2 million barrel per day cut in oil production Wednesday, bucking months of pressure from Washington to increase production and potentially spiking gas p

OPEC+ looks set for deep oil output cuts when it meets on Wednesday, curbing supply in an already tight market despite and other consuming countries to pump more.

(Bloomberg) -- Oil surged in early Asian trading after delegates said OPEC+ was considering cutting output by more than 1 million barrels a day when the group meets this week to stem a slide in prices.Most Read from BloombergCredit Suisse CEO Seeks to Cal

Oil prices turned down in early trade on Friday after a slight rebound in the previous session, leaving them set to fall for a second straight week on worries that central banks' aggressive rate hikes and China's COVID-19 curbs will hurt demand. B

24Live tweeted that Saudi Crown Prince Mohammed bin Salman had agreed to boost production by about 4 million barrels a day to 13 million barrels during a speech at the opening of a summit with Arab leaders.

Oops, Joe Biden's plans go awry again...

The President of the European Council Charles Michel hopes that before the next meeting of the European Council on May 30 it will be possible to agree on new sanctions against russia, first of all – on the oil embargo, writes journalist Vitaly Portnikov

The Interior Department's decision to not move forward with the lease sale comes as gas prices soar.

Political support for banning Russian energy imports is growing in both parties, and the White House said the topic is under discussion — though it said President Biden had not made a decision. | Local News from KRQE News 13 in Albuquerque, New Mexi

Western countries could face oil prices of over $300 per barrel and the possible closure of the main Russia-Germany gas pipeline if governments follow through on threats to cut energy supplies from Russia, a senior minister said on Monday.

asked about the deteriorated relationship with the Biden White House, and whether he thinks Biden "understands" him. "Simply, I do not care," the crown prince said, and explained that it is up to Biden "to think about the interests of America."