Oil futures dropped on Friday, with prices on both sides of the Atlantic heading for their biggest weekly declines since June, as lacklustre demand and ample fuel supplies offset support from a weaker dollar. Brent crude LCOc1 fell 33 cents, or, 0.8% to $43.74 a barrel by 0630 GMT. The...

Oil prices extended losses on Thursday, falling by more than 2% to their lowest point since early August, as worries about weaker U.S. gasoline demand and a sluggish economic recovery from the COVID-19 pandemic dented sentiment. Brent crude LCOc1 fell $1, or 2.25%, to $43.43 a barrel by...

Oil rose on Monday, with Brent touching the highest in five months, underpinned by a 30% cut in Abu Dhabi crude supplies and encouraging Chinese data even as global demand struggles to return to pre-COVID levels in a well supplied market. Brent crude futures for November LCOc1 advanced to...

State oil company Saudi Aramco has discovered two new oil and gas fields in the northern regions, the kingdom’s energy minister said on Sunday, state news agency SPA reported. The energy minister Prince Abdulaziz bin Salman Al-Saud said the new Abraq al-Toloul oil field, which lies to the...