Oil prices declined for a third consecutive session on concerns the brewing trade war between major crude consumers the United States and the European Union will curb fuel demand growth by reducing economic activity

Argentina will file a request this Tuesday in U.S. courts to suspend the order related to the multi-billion-dollar lawsuit over the 2012 nationalization of Yacimientos Petrolíferos Fiscales (YPF), seeking to postpone the transfer of the company’s shares as ordered by New York Judge Loretta Preska

company YPF.

The U.S. Department of Justice has notified the New York Court of Appeals that it will appear in the case as an amicus curiae (friend of the court) in favor of Argentina, local media reported

A U.S. judge temporarily halted the enforcement of an order requiring Argentina to hand over its 51% stake in oil and gas company YPF to satisfy a $16.1 billion court judgment partially

The U.S. will produce less oil in 2025 than previously expected as declining oil prices have prompted U.S. producers to slow activity this year, the Energy Information Administration forecast in a monthly report

OPEC+ agreed to raise production by 548,000 barrels per day in August, further accelerating output increases at its first meeting since oil prices jumped – and then retreated – following Israeli and U.S. attacks on Iran

Argentina will appeal the ruling of a court in New York that ordered the South American country to transfer 51% of the shares of the national oil and gas company YPF, said President Javier Milei

U.S. crude oil production hit a record 13.47 million barrels-per-day in April, up from 13.45 million bpd in March, according to data released by the Energy Information Administration

U.S. crude oil inventories fell, while gasoline and distillate stocks rose during the week ending June 6, the Energy Information Administration (EIA) reported

U.S. crude oil stockpiles rose unexpectedly last week as imports jumped, while both gasoline and distillate inventories fell more than expected, the Energy Information Administration said