Moscow is working on a plan to merge its biggest oil companies into a single national champion, a deal that would tighten President Vladimir Putin’s grip on global energy markets and Russia’s ...

NEW YORK, Nov 8 (Reuters) - (This Nov. 8 story has been corrected to fix the WTI settlement at $70.38, not $70.35, in paragraph 2) Oil prices settled more than 2% lower on Friday as traders grew ...

Crude oil prices fell for much of Wednesday morning even as major oil companies rallied. Brent crude recovered midday and was trading close to flat, while a basket of U.S. oil and gas exploration ...

OPEC remains very positive on demand for oil in both the short and long term, Secretary General Haitham Al Ghais said on Monday. French oil major TotalEnergies forecast global oil demand will peak ...

By Stanley Reed Saudi Arabia and seven other oil-producing countries said on Sunday that they would postpone plans to gradually increase oil output until the end of December, according to a news ...