Global demand for oil remained strong above projections in half year 2017 on robust economic growth, said Goldman Sachs, an

As representatives from OPEC and non-member nations are currently gathered in Abu Dhabi to discuss poor conformity levels on their

Crude oil prices edged down Tuesday, following a week of straight gains that brought the global oil benchmark above $50 a barrel for

Exxon Mobil Corp. and Chevron Corp. had their recommendations cut at Wolfe Research as the outlook for oil prices deteriorates.

Posting 8.79 million barrels per day (bpd), China, the earth’s most populous country bought more crude oil than any other country in

A proposal that Libya and Nigeria could have to accept limits on their crude production probably would not be enough to put OPEC’s

CRUDE OIL Prices rose by 0.25% to $45.975 today. It reached a $46.16 high and also sunk to $45.2 during the day. This comes on the