OPEC+ is facing a dilemma as the group of major oil producers meets this Sunday, thanks to expectations for a surplus in global oil supplies next year — and as U.S. President-elect Donald Trump’s “drill,

Crude oil futures fell sharply, as growing likelihood of ceasefire deal between Israel and Hezbollah in Lebanon lowers risk of broader Middle East war that could impact global oil supplies.

Donald Trump's transition team is preparing a wide-ranging energy package that will be presented within days of his inauguration. The package will include approval of export permits for new liquefied natural gas (LNG) production projects and an increase in the volume of oil drilling off the US coast and on federal lands,

Oil prices rose on Tuesday as investors eyed OPEC+ discussions on output and weighed the potential impact of U.S. President-elect Donald Trump's planned trade tariffs on Mexico and Canada. Brent crude futures were up 66 cents,