Oil market analysts must make sense of a bewildering array of statistics about production, consumption and inventories, compiled and published with varying definitions and degrees of accuracy and timeliness....

Hedge fund managers remain deeply divided about what matters more for the future direction of oil – intensifying fears about a global recession or Saudi Arabia's production cuts and...

The Strait of Hormuz, the narrow shipping lane between Iran and Oman named after the fabulously wealthy ancient kingdom of Ormus, has fascinated oil traders since the Iranian revolution...

Hedge fund managers added even more bullish long positions in crude oil and refined fuels last week, but positions showed signs of becoming stretched, setting prices up for a...

US President Donald Trump and the Saudi government have closely aligned views on most issues but they disagree significantly on the desirable level for oil prices, which could become...

For a proposed statute still at the first stage of the legislative process, with only a handful of sponsors in the US Congress, the "No Oil Producing and Exporting...

Saudi Arabia has resumed its traditional role as the swing producer, sharply reducing its output to tighten the oil market and push prices higher, Reuters reports. The de facto OPEC...

Saudi Arabia's energy minister, Khalid al-Falih, must play a bad hand of cards as well as he can at next week's meeting of OPEC and non-OPEC oil producers in...

The Organization of the Petroleum Exporting Countries has been marginalised as critical decisions about the oil market are taken by a troika of the United States, Russia and Saudi...

US President Donald Trump has in effect agreed to overlook the killing of journalist Jamal Khashoggi in return for Saudi Arabia's help to contain oil prices and for its...

Saudi Arabia is unlikely to employ its so-called "oil weapon" in the diplomatic crisis over the disappearance of a journalist after visiting the country's consulate in Istanbul. Experience from...

Hedge fund managers have continued to take profits on their bullish positions in crude oil as the late summer rally has faded and fears about oil consumption and the...

The United States has sent mixed messages to OPEC and its allies over the last week about whether they need to do more to raise oil production and hold...

The shift in oil market power away from OPEC towards a bilateral relationship between Saudi Arabia and Russia is the culmination of structural changes in oil production over the...

The Trump administration's top diplomat has indicated the United States might grant waivers to some countries allowing them to continue importing Iranian crude when sanctions snapback in November. "There...

The United States wants to eliminate all Iran's crude oil exports from November, and is relying on Saudi Arabia and other OPEC and non-OPEC members to fill the gap in supplies. "Our...

The White House can drive Iran's oil exports to zero, or it can have moderate US gasoline prices, but it probably cannot have both. The awkward tension between the...

The United States and Saudi Arabia seem to have an understanding to keep the oil market well supplied and avoid a significant price rise after the US re-imposition of...

Saudi Arabia's financial position has stabilised as a result of the increase in oil prices as well as efforts to raise non-oil revenues and trim government spending. But the...

Smoothly exiting from the current output pact, and perhaps replacing it with another agreement, has become the most important policy question for the Organization of the Petroleum Exporting Countries...

Saudi Arabia has been forced to return to the role of swing producer in the oil market, despite the country's insistence for three decades it would never play the...

President-elect Donald Trump is very unlikely to restrict imports of crude oil from Saudi Arabia despite threats to do so issued during the election campaign. Trump is first and...