U.S. ship brokerage Charles R. Weber on Thursday speculated that the strong compliance for the Organization for the Petroleum Exporting Countries (OPEC) production cuts is boosting prospects for business for struggling shippers such as Frontline L...  +

West Texas Intermediate on Friday remained close to its highest levels since 2015 despite settling 43 cents lower to $56.74 per barrel, and Brent settling down 37 cents to $63.56 per barrel, and this altogether still meant both contracts would ris...  +

Oil prices held steady on Thursday after falling late in the previous session, supported by ongoing supply cuts led by OPEC and Russia. However, traders said a price rally that has pushed up Brent crude by over 40 percent since July may have run i...  +

Oil prices rose nearly 1 percent on Thursday, supported by supply cuts by major exporters as well as continuing concern about political developments in Saudi Arabia.   Read Article  +

The soaring diesel market has taken a turn for the worse. That could be bad news for oil bulls who amassed record bets on a rally in crude.   Read Article  +

After nearly two and half years of subdued crude oil prices aiding India’s fiscal situation, prices have touched $62.83 per barrel, the highest level since June 2015.   Read Article  +

Oil bulls, beware of higher prices. While crude may climb to $70 a barrel next year as OPEC and its allies including Russia continue their output curbs, there are dangers ahead, according to a veteran analyst.   Read Article  +

Oil bulls, beware of higher prices. While crude may climb to $70 a barrel next year as OPEC and its allies including Russia continue their output curbs, there are dangers ahead, according to a veteran analyst.   Read Article  +

Saudi Arabia suddenly arrested powerful royals and businessmen over the weekend, in what officials call an anti-corruption drive, but outside observers deem domestic power consolidation.   Read Article  +

Oil extended gains from the highest close in more than two years on signs OPEC will agree to extend supply cuts when ministers meet in Vienna at the end of the month.   Read Article  +