Although OPEC is sometimes held up as the standard suspect when it comes to rising crude oil and gasoline prices, the organization is not to blame for the present inflationary...

In response to a sharp decline in deliveries to Europe, Russia's gas giant, Gazprom, reported on Tuesday that its natural gas exports fell 36.2% to 78.5 billion cubic metres between...

On Monday, the price of WTI and Brent crude dropped by more than 5% as China's central bank lowered lending rates to boost demand after July economic statistics turned negative...

Due to higher oil prices, Saudi Aramco announced a record net profit of $48.4 billion for the second quarter of the year, a 90% increase over the same period last...

Following a four-hour discussion, the presidents of Russia and Turkey, Vladimir Putin and Tayyip Erdogan, decided to strengthen their collaboration, according to a joint statement from the two countries. Deputy...

According to a Bloomberg report, Russian oil has been selling at a significant discount to Saudi crude, and as a result, Russia's share of the Indian oil market is increasing...

Saudi Arabia, the most active producer and exporter of oil in OPEC, has increased the official selling price of its crude grades for September loadings to its most important market,...

The OPEC+ group approved raising their oil production targets for September by 100,000 bpd as suggested by the Joint Ministerial Monitoring Committee (JMMC), which met earlier today. Before the meeting...

According to Bloomberg data published on Monday, which consistently shows a level of 500,000 barrels per day less than the peak attained before February 2022, Russia's oil shipments appear to...