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Oil prices edged higher on Wednesday on the prospects for stronger global economic growth amid increased COVID-19 vaccinations and a report that crude inventories in the United States, the world’s biggest fuel consumer, fell. But optimism over talks between the United States and Iran and an impending increase in supply …

Oil prices will rally faster and sharper than previously expected as demand outstrips supply increases from OPEC+, Iran and U.S. shale, according to Goldman Sachs Group Inc. A reopening of the global economy will help demand return to pre-COVID-19 levels, but inventories remaining tight into the summer will cause West …

Senior market analyst Phil Flynn argues hurricanes and fears over a second wave of coronavirus is hurting oil demand expectations. Global oil demand is set to slip as more countries reintroduce lockdowns in an effort to slow the spread of COVID-19, according to OPEC. Continue Reading Below The oil cartel …

Aramco formally announced a plan this week to launch an IPO on its domestic exchange on Dec. 11.

Trump is focused on building a pipeline infrastructure in the Permian Basin. the third-largest oil field in the world.

Turkey claims that parts of some blocks Cyprus has designated for drilling fall inside its own continental shelf.

Exxon. Chevron and Occidental are now the first U.S. energy companies to join the Oil and Gas Climate Initiative.

For 2020. Barclays said it expects Brent to average $75 per barrel. up from its previous forecast of just $55 a barrel.

Oil prices have recovered and the country’s economic collapse has left it unable to capitalize.

Trump intends to take some market share from Russia. which is the largest supplier of LNG to Europe.