Oil rose in early Asian trade. The market has made a remarkable rebound this week, primarily supported by positive surprises in U.S. inflation data, Pepperstone said.

BP is warning of weak fourth-quarter profits as a result of weaker production, refining margins and trading.

The Energy Information Administration’s (EIA) new short-term energy forecast confirms strong demand for 2025 but notes that ...

New Brunswick-based Irving Oil Ltd. has confirmed that the century-old company will remain privately held, after completing a ...

Global oil demand posted an annual growth of 1.5 million b/d in the quarter, the strongest level since fourth-quarter 2023, ...

U.S. crude oil inventories fell for an eighth consecutive week amid declines in imports and domestic production, while product stocks saw further large weekly builds, according to data released by the ...

U.S. crude oil stocks excluding the Strategic Petroleum Reserve (SPR) fell last week to their lowest since April 2022 as ...

Two local oil purchasers have decreased the price they will pay for Penn grade crude oil. Effective Tuesday, American Refining Group and Ergon Oil Purchasing decreased their price by $1.32 ...

Commercial crude stockpiles are estimated to have fallen by 1.1 million barrels to 413.5 million barrels in the week ended Jan. 10, according to the average forecast of 10 analysts and traders. Seven ...

Bretaña, a heavy sweet crude from the Peruvian Amazon, is gaining popularity in the US market as crude oil imports shift.

Oil tanker rates continued to rise on Wednesday as concerns over further supply disruptions from US sanctions increased.

Petronas and partners let a contract for delivery of a new hydrogen production unit to be installed at the planned grassroots ...