Kuwait anticipates oil prices will remain below $72 per barrel in the near term, with Brent crude trading around $67 per barrel. OPEC and Kuwait are closely monitoring the market, including supply and ...

The oil price structure is indicating a shift towards oversupply as prompt futures premiums are softening compared to later-dated contracts. Increased supply from OPEC+, Latin America, and Europe is ...

The U.S. Energy Information Administration released its short-term energy outlook this week, predicting that oil prices will continue to slide into next year. Brent crude, which averaged $71 per ...

NEW DELHI (Reuters) -India is not "profiteering" from Russian oil imports and its purchases have stabilised markets while keeping prices from rising to as much as $200 a barrel, Hardeep Singh Puri, ...