Chevron Corp. and Exxon Mobil Corp. plan to boost their oil and gas production over the next five years, even as falling oil prices may leave investors scratching their heads at the companies’ moves.

Crude oil futures struggle below key averages as Russian flows resume and China builds inventories, reinforcing a bearish oil outlook driven by surplus concerns.

Crude oil inventories increased last week by 6.4 million, exceeding expectations, as U.S. production hit a record high and exports fell.

Crude oil price paused on its downtrend in Thursday’s intraday trade after hitting a fresh three-week low earlier in the session.

China's flows of crude oil into storage likely lifted in October as robust imports and domestic output outweighed an increase in refinery processing.

Reliance Industries has purchased 1 million barrels of Kuwaiti crude as Indian refiners halt Russian oil imports in response to new U.S. sanctions.

Oil prices have fallen 20% since Trump took office, but California drivers see little relief at the pump due to soaring refinery profit margins. Global refining capacity is squeezed by Ukrainian attacks on Russian plants, facility outages in Kuwait and Nigeria, and permanent closures across the US and Europe.

India has scaled back purchases of Russian crude for arrival in December, showing that Western sanctions and trade talks with the US are having a major impact on buying patterns.

U.S. crude oil stocks rose by 5.2 million barrels amid a rebound in imports, according to the Energy Information Administration.

Global oil markets may be dominated by concerns about a glut, but producers have found some support in buying from China and India, spurred by a wave of US sanctions on Russian energy.

A Saudi oil tanker arrived at Baniyas Port carrying 90,000 tons of crude oil as part of the Saudi energy grant provided to Syria, aimed at supporting local

Previously, the producer had estimated to produce 3.70 MMT of crude oil and 3.65 BCM of gas in the current year