Oil prices on Tuesday climbed to their highest level in nearly seven years after OPEC and its allies declined to significantly ramp up production. US crude jumped another 1.4% to

Signs of a global energy crunch pushed oil prices above $80 a barrel for the first time in three years as markets grappled with the prospect of widespread fuel shortfalls

Even after 2050, global oil demand is set to continue to rise because renewables cannot entirely replace fossil fuels, energy markets expert Anas Alhajji said during a recent energy conference

Oil rose on Monday, supported by concerns over shut output in the United States, the world’s biggest producer, following damage from Hurricane Ida, while analysts expected a stable market in

Oil price steadied after a two-day decline as investors assessed a demand outlook clouded by the comeback of Covid-19 in many regions. Futures traded above $68 a barrel in New

Oil rose on Monday, lifted as U.S. Gulf Coast platforms, refineries and pipelines grappled with uncertainty on restart timelines after Hurricane Ida wreaked havoc on the region. U.S. oil futures

Oil prices rebounded from recent lows on Monday morning in London, moving higher alongside major stock indexes.  Oil had suffered its worst losing streak since February 2018 in recent weeks,

Oil prices rose more than $1 on Tuesday, recouping some of the losses in the previous session, as rise of demand in Europe and the United States outweighed concerns over