The Trump administration’s push to unlock Venezuela’s vast oil reserves could delay global oil supply decline for decades, with significant implications for oil markets and macro stability. US shale ...

OPEC has kept its global oil demand growth forecasts unchanged for 2025 and 2026, expecting continued robust economic growth to drive demand. The cartel anticipates global oil demand to reach an ...

October WTI crude oil (CLV25) today is down -0.48 (-0.75%), and October RBOB gasoline (RBV25) is down -0.0243 (-1.20%). Crude oil and gasoline prices are under pressure today from a stronger dollar ...

Geopolitical uncertainty combined with the loss of Venezuelan exports could push oil and gasoline prices slightly higher in the weeks ahead, according to an industry expert. Still, prices at the pump ...

February WTI crude oil (CLG26) today is up +0.23 (+0.40%), and February RBOB gasoline (RBG26) is up +0.0126 (+0.73%). Crude oil prices added to Monday's sharp gains today as global geopolitical risks ...

Forbes contributors publish independent expert analyses and insights. Robert Rapier is a chemical engineer covering the energy sector. Saudi Energy Minister Abdulaziz bin Salman Al Saud delivers a ...

Alain Sherter is a senior managing editor with CBS News. He covers business, economics, money and workplace issues for CBS MoneyWatch. The U.S. strike on Venezuela has renewed focus on the country's ...

OGJ’s reserve figures rely on survey responses and official updates released by individual countries, many of which are not provided every year. OGJ changes its estimate for a country only when it ...

The International Energy Agency further tempered its stance on an imminent peak in oil demand, reinstating a scenario in which global consumption keeps growing to the middle of the century. While oil ...

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. Refining margins in the U.S, northwest Europe, and Asia have jumped to ...

LONDON, Nov 13 (Reuters) - The global oil market faces an even bigger surplus next year of as much as 4.09 million barrels per day as OPEC+ producers and rivals lift output and demand growth slows, ...