The International Energy Agency predicts production to outstrip demand by a record 4 million barrels per day by next year.

Global oil prices are signalling that the market is tipping into a protracted period of oversupply, but the huge disparity in ...

Latin America is gradually positioning itself as a key player in global energy production, with Investments in oil and gas ...

Brazilian state-run oil firm Petrobras reported record exports of some 814,000 barrels of oil per day in the third quarter, ...

Oil prices have fallen sharply this year as the global supply has remained strong and demand has been slow to grow.

GUYANA’S oil sector continues to make history. With production now surpassing 700,000 barrels per day (bpd), and the country on course to reach 900,000 bpd by ...

Russia, the world's second largest oil exporter, is weighing how to respond to U.S. sanctions on top oil firms Rosneft and ...

Indonesian soldiers in fatigues marched onto a private palm oil plantation on Borneo island in late June and posted a ...

Donald Trump’s sanctions on Rosneft and Lukoil, which ship half Moscow’s crude, only sent prices up 5%. Ample non-Russian ...

OPEC is ready to raise production by rolling back its oil output cuts further if required to address market shortfalls after ...

Rig Counts are about the same as last month’s. However, oil prices in the United States have been incredibly volatile as of late due to the current geopolitical space ...

The U.S. Department of Energy said on Tuesday it is looking to buy 1 million barrels of crude oil for delivery to the ...