The deposit, which the well was drilled into, holds an estimated 2.3 billion barrels of crude oil and 480 billion cu m of ...

U.S. crude oil inventories increased for the first time in 10 weeks, beating analyst’s expectations, as exports fell and ...

Oil prices fell on Wednesday, with the U.S. benchmark settling at its lowest year to date, after domestic crude stockpiles in ...

Oil prices dipped below trendline support, signaling short-term weakness. Key levels at $72.32 and $70.03 could determine the next move.

Crude oil futures posted modest gains Tuesday, following U.S. benchmark stock indexes in recovering part of the previous ...

Despite President Donald Trump’s calls to “drill, baby, drill,” many oil companies operating in the Gulf of Mexico will ...

During the early hours of Thursday trading, though crude oil market looks as if it is trying to find some type of base at a couple of major support levels.

U.S. oil futures on Wednesday marked their lowest settlement price of the year so far after official data revealed a weekly ...

The move to redirect some crude oil initially allocated for export may increase the oil and gas trade deficit, experts warn, ...

Commodity trading house Gunvor's global head of crude trading Benoit Roulon has left the company, four sources familiar with ...

Crude oil consumption and imports are projected to increase further due to increased demand for petroleum fuels and products.

Oil traders hold a record position in a contract that lets them bet on the price difference between Middle Eastern crude and ...