Saudi Arabia’s announcement last weekend that it would unilaterally cut oil output by 1 million barrels provided an oil price ...

Goldman Sachs' Jeff Currie says Saudi Arabia's decision to cut production eventually will prompt a draw in crude inventories, ...

The latest OPEC production cuts will prompt a draw in oil inventories, sending prices into the low $90s, Goldman Sachs Group ...

Official statistics on the oil market from official bodies like OPEC and the Energy Information Administration may not reveal ...

The Department of Energy will begin slowly refilling the nation's oil stockpile following the record drawdowns President Joe ...

Oil prices pulled back on Monday after scoring a gain for the week on Friday as traders waited on the outcome of a meeting of ...

Research firm Energy Aspects is slashing its oil price forecast by $15 a barrel for the second half of the year, citing three ...

Less crude to the global markets is likely to boost oil prices, which could result in more expensive flight tickets for ...

Saudi Arabia is slashing its July output of oil to boost falling prices. Yesterday (June 4), the energy ministry of Saudi ...

Top crude exporter Saudi Arabia's pledge to deepen output cuts is unlikely to underpin a sustainable price increase into the ...

Gas prices decreased slightly for the week ending June 8, AAA said. Despite an increase in gasoline demand, fluctuating oil ...

Saudi Arabia is desperately trying to drive up oil prices so the government can make its budget; whether it succeeds will ...