The top OPEC producer expects to collect 492 billion riyals ($131 billion) from oil sales…

Brent crude futures, the international benchmark for oil prices, were at $63.49 a barrel, up…

In the United States, energy companies cut rigs drilling for new production for the first…

South Korea’s oil imports from Iran in the first 11 months of this year jumped…

Another cap on prices has been soaring U.S. production, which has risen by 16 percent…

Forties is one of the North Sea grades that determine the value of the Brent…

The Forties pipeline system will close for several weeks while its operator, INEOS, repairs a…

The meeting was the first held since the Environmental Protection Agency announced in October the…

The number of rigs drilling for new oil output in the United States rose by…

U.S. refinery crude runs have been running at record rates almost continuously since April, according…

U.S. gasoline stocks rose by 6.8 million barrels and distillate inventories were up 1.7 million…

In a research note published late Monday, Goldman lifted its Brent price forecast for next…