There’s a record 1.4 billion barrels of crude currently on the world’s oceans, pushing down benchmark prices and sending ...

Major oil producers meet this weekend to decide on August production levels Bearish oil traders foresee a world soon to be awash in crude, but it might be a lot harder to oversupply the market than ...

LAUNCESTON, Australia, June 2 (Reuters) - The crude oil market devotes considerable energy to what OPEC+ says, but perhaps a little less to what it actually does when it comes to the supply of the ...

Russia is preparing to sharply increase crude oil exports this month after Ukrainian drone strikes disabled two major refineries, leaving excess unprocessed crude with no domestic outlet and prompting ...

Crude oil prices fell for a second straight week as rising inventories and mounting oversupply expectations outweighed ...

NEW YORK, June 4 (Reuters) - U.S. crude oil stockpiles fell last week as oil refiners ramped up production with the start of the summer driving season, while fuel inventories rose amid weaker demand, ...

The United States has been escalating pressure on Venezuela for months, from Trump's ultimatum demanding that President Nicolás Maduro leave with his family to warnings interpreted as preparations for ...

Bearish oil traders foresee a world soon to be awash in crude, but it might be a lot harder to oversupply the market than widely thought, thanks to one overlooked factor — at least according to one ...