HOUSTON: Oil prices settled higher on Tuesday, driven by concerns over limited supply from Russia and Iran because of Western sanctions and expected higher Chinese demand. Brent crude futures ...

Xu Tianchen of the Economist Intelligence Unit noted that China has ... signs of demand recovery or coordinated supply discipline. Until then, the oil market remains under pressure, caught between ...

Treasury Secretary Scott Bessent said the US would apply maximum pressure to disrupt the OPEC member’s oil supply chain, as his department sanctioned a second Chinese refinery accused of ...

Trump's tariffs, along with a supply hike by OPEC+ producers, have driven a steep slide in oil prices this month, cutting revenue for producers. The U.S. oil industry, despite calls by Trump to ...

The refinery’s FCC, which typically converts gas oil into unfinished gasoline, has a capacity of 81,000 bpd. As of Wednesday, the unit was operating at 69,300 bpd capacity, or 86% of full ...

NEW YORK (Reuters) - Oil prices edged higher on Thursday as traders assessed a tightening of crude supplies along with new U.S. tariffs and their expected effect on the world's economy.

Iraq’s crude and oil product exports fell by 110,000 barrels per day (bpd) from a year earlier to 3.7 million bpd in the first quarter of 2025, per data from Energy Research Unit cited by Shafaq ...

Adding to the pressure, OPEC+ has decided to raise oil production by over 411,000 barrels per day as worries grow about supply levels. If nothing changes and the tariffs stay in place, oil prices ...