Oil prices slipped on Wednesday as investors weighed a surprise build in U.S. crude stocks last week against attacks on shipping in the Red Sea and a forecast for lower U.S. oil production. Brent crude futures were down 20 cents,

Crude oil prices edged higher as the oil market's response to OPEC+'s larger than expected production increase remains muted, and the EIA trimmed its forecast for US oil production in 2025.

India's crude oil production has decreased to 28.7 MMT in FY25, maintaining a self-sufficiency of 12.3%. LNG imports increased significantly, while overall gas consumption rose.

Exxon, Chevron, and others are increasingly eyeing South America for low-cost, low-emission production as shale basins mature and geopolitical risks remain lower than elsewhere.

U.S. stock-market futures declined as the Trump administration said a broad swath of tariffs against U.S. trade partners won’t take effect until Aug. 1, rather than July 9.

The eight OPEC+ nations on Saturday agreed to increase their crude oil production by 548,000 barrels per day starting in August.

Russia’s oil data show crude output was below its OPEC+ target in June, according to people familiar with the figures.

Crude oil outlook turns bearish as geopolitical risks ease, OPEC plans a supply hike, and demand signals remain weak ahead of next week’s trade.

NUPRC says oil sector is rebounding, with rig count rising from 8 in 2021 to 46, reflecting investor confidence

Nigeria’s upstream oil and gas sector is experiencing a resurgence, with the country’s rig count rising by 48%, from 31 in January 2025

Here’s why oil prices are climbing to their highest levels in two weeks, despite a group of oil producers agreeing to open the floodgates of global crude supply.