Global oil prices are back above $100 per barrel as fighting in the Middle East raises concerns about prolonged disruptions to oil supply. Brent crude, the global oil benchmark, rose 3.36% Wednesday ...

The United States set a new global record for crude oil output in 2025, extending its position at the top of the world rankings for the eighth straight year. Crude oil production in the United States, ...

Since the start of the war in the Middle East, upward adjustments have added 940,000 barrels per day to quotas, nearly 1% of global demand. The OPEC+ alliance, led by Saudi Arabia and Russia, has ...

RIYADH — Saudi Arabia's crude oil production rose 5.6 percent to 3.46 billion barrels in 2025, while exports increased 6 percent to 2.35 billion barrels, according to the Oil and Gas Statistics 2025 ...

In its latest short term energy outlook (STEO), which was released on August 11 and completed its forecast on August 6, the U.S. Energy Information Administration (EIA) projected that annual U.S. oil ...