China's surplus crude oil eased slightly in December, but the excess surged in 2024 to more than 1 million barrels per day ...

NATALIA KOLESNIKOVA/Getty Images Oil is a key revenue generator for Russia, which is the world's third largest producer of the resource, accounting for over 12 percent of global crude oil production.

U.S. crude oil inventories fell for an eighth consecutive week amid declines in imports and domestic production, while ...

Saudi Arabia's state oil company Aramco bought its first cargo of WTI Midland, a U.S. crude oil grade that underpins the ...

"End of the day, there is no shortage of oil out there," Mizuho analyst Robert Yawger said, noting that U.S. oil production ...