OIL - /contrib/oil

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