Due to sanctions and falling oil prices, the Russian economy has begun a gradual transition from stagnation to recession.

Oil prices rose on Friday, poised for a weekly gain as trade tensions between top oil consumers China and the United States ...

A deep dive into how a potential global economic slowdown could influence oil prices through reduced demand, OPEC+ responses, ...

Plummeting crude prices could shave 10% off U.S. rig count in first half, Diamondback says. Its CEO says it's slowing as it sees a "red light" ahead..

Tighter U.S. sanctions on Iran could restrict supply and push prices higher. Sanctions on two small Chinese refiners for ...

Analysts expect oil prices to remain subdued short term, with a slow recovery later in 2025 as U.S. output declines.

The NYMEX June RBOB was up by 6.05cts to $2.088/gal and the July RBOB contract was 5.6cts higher at $2.0575/gal. The NYMEX June ULSD was 5.95cts higher at $2.0360/gal and July ULSD was up by 5.2cts to ...

Kazakhstan has no plans to reduce its record-high crude and condensate output in May, further straining the OPEC+ alliance by ...

OPEC oil output edged lower in April despite a scheduled output hike taking effect, a Reuters survey found, led by a cut in ...

Phillips 66 shares have underperformed, losing about 25% over the past year, due to weak refining margins and macroeconomic ...

Until recently OPEC + was showing restraint. Strict quotas, cutting the group’s production by nearly 6m b/d, were introduced ...

Idaho gas prices dip to $3.29 per gallon as crude oil costs fall. Experts warn of rising demand near Memorial Day despite ...