The investment bank's change in outlook relies on the assumption that exports from the Persian Gulf won't normalize until the end of June. Goldman Sachs has again increased its target prices for oil ...

Oil prices are increasingly likely to stay higher for longer.

QUITO, Feb 24 (Reuters) - Ecuador's oil industry will return to normal operations within three weeks, the government predicted on Friday after the energy ministry declared force majeure following a ...

The Caspian Pipeline Consortium said an offshore mooring is back online, enabling crude to flow through a route that accounts for about 90% of Kazakh oil exports. Repairs at offshore Mooring 3 have ...

Saudi Aramco CEO Amin Nasser says oil markets would take months to recover even if the Strait of Hormuz reopened immediately. Roughly 1 billion barrels were removed from global supply over the past ...