Long-depressed commodity prices are set to finally head higher for two reasons, said Marc Faber, the publisher of the Gloom, Boom & Doom report. » Read More
OPEC has reached a crucial turning point in its measures to return the oil market to balance, its secretary-general said at World Energy Congress.
OPEC is not interested in or targeting a specific oil price, its Secretary General Mohammed Barkindo said on Tuesday.
Russia's most influential oil executive said his company will not cap oil production as part of a possible agreement with OPEC.
Oil supply could fall in line with demand quickly if OPEC and Russia agree to a steep enough cut in production, the International Energy Agency said.
The International Energy Agency (IEA) said on Tuesday that the "real work starts now" for OPEC as doubts grow over an output cut.
Russia may be ready to join OPEC’s efforts to curb oil supply, but concerns remain about whether the deal will rebalance the oil market.
Hillary Clinton said the U.S. has achieved energy independence on Sunday, but the country still imports millions of barrels a day of oil.
The GOP candidate vows to bring back American coal jobs while trumpeting U.S. natural gas production. But he can't have it both ways.
The average price of gasoline in the U.S. has risen four cents over the past two weeks to $2.29 a gallon for regular grade.
The prospect of an OPEC deal to limit crude output will support oil prices, but futures are unlikely to break through key levels, analysts said.
Nigeria is already seeing the dividends of its push to diversify its economy away from oil, according to Finance Minister Kemi Adeosun.
Saudi Arabia's decision to cut crude oil prices raises serious questions about the kingdom's commitment to limiting production, analysts said.
Iran used to be the "black sheep" of major oil producer group OPEC but now Iraq is increasingly looking like the potential dissenter in the group.
Gasoline prices could whipsaw in the coming weeks as Hurricane Matthew causes gyrations in supply and demand in the Southeast.
A Texas petroleum drilling company announced Tuesday it has made a large-scale oil discovery of 6 billion barrels off Alaska's North Slope.
In Venezuela's asphyxiating economy, PDVSA employees are struggling to pay for everything from food and bus rides to school fees.
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