A price drop benefits any country seeking to cut its fuel bill. But in oil producing nations, lower prices can feed economic troubles, and sometimes political unrest, as governments slash spending.

Hurt by weakening demand and depressed prices, US oil output is expected to shrink in 2026 for the first time since the Covid-19 pandemic and just the second time in the past decade.

Oil prices, which surged after Israel attacked Iran early Friday, could stay high as long as tensions are elevated in the Middle East. Higher oil prices may eventually lead to more expensive ...

Oil prices in the U.S. and the rest of the world were diverging Friday. That’s unusual, but the bigger picture is that prices are significantly higher than they were a week ago. West Texas ...

Oil prices play a crucial role in Russia's budget and the Russian economy overall, but Russian national interests take precedence above all else, Kremlin spokesman Dmitry Peskov said on Tuesday.

Crude oil prices rallied more than 2% on Wednesday as OPEC+ announced that it has adopted a plan for establishing output quotas for 2027, ahead of a July review. According to a CNBC report, OPEC+ ...

Oil prices have dropped over tariffs and tensions within OPEC+. What does that mean for Saudi Arabia’s “giga-projects?” ...

How Iran responds to Israel’s latest strikes will have a big effect on oil prices. The country is a large oil producer and its position on the northern side of the Strait of Hormuz, a major ...

Oil prices jumped and stocks tumbled Friday following Israel's attack on Iran, which raised fears of a wider conflict in the Middle East. Crude oil prices saw their biggest increase since Russia's ...

Report with the AI impact on market trends - The global oil country tubular goods (OCTG) market in indonesia size is estimated to grow by USD 178 million from 2025-2029, according to Technavio.

Russia's oil price in roubles has fallen to a two-year low below the 4,000 rouble per barrel mark and some 40% lower than planned in the federal budget, data showed, piling pressure on the Kremlin ...

The move toward extracting unconventional hydrocarbon resources, such as shale oil and gas, has increased the demand for OCTG materials that are both corrosion-resistant and highly durable.Austin ...