President Joe Biden’s administration should turn to emergency oil reserves to curb rising gasoline prices as Americans enter the holiday season, the majority leader of the U.S. said Senate, Chuck Schumer

China’s crude oil imports plunged in October to the lowest since September 2018, as large state-owned refiners withheld purchases because of rising prices while independent refiners were restrained by limited quotas to import

YPF said its revenues had returned to pre-pandemic levels in the third quarter of 2021, helping it post a net profit of $237 million in the period on rebounding shale oil and gas production

The Organisation of Petroleum Exporting Countries and its allies, the group known as OPEC+, are able to increase oil supply if there is market demand, United Arab Emirates Energy Minister Suhail al-Mazrouei told Asharq TV

BP said in a statement that its net loss widened to $2.5 billion in the period from July through September from $450 million in the same period a year earlier

The OPEC pumped 27.50 million barrels per day (bpd) in October, the survey found, a rise of 190,000 bpd from the previous month but below the 254,000 increase permitted under the supply deal

Royal Dutch Shell reported a net loss for the third quarter as a huge sum written off by the energy giant offset a surge in oil prices

Oil prices fell after industry data showed crude oil stockpiles rose more than expected and fuel inventories increased unexpectedly last week in the United States, the world’s largest oil consumer

Russia expects OPEC+ to raise its output by 400,000 barrels per day (bpd) at the Nov. 4 meeting, as previously agreed, Deputy Prime Minister Alexander Novak said

The U.S. investment bank said it expected oil demand will shortly reach pre-COVID-19 levels of around 100 million bpd as consumption in Asia rebounds after the Delta COVID-19 wave