Oil prices slid on Monday morning, with Brent falling below $86 per barrel and WTI trading at $82.31. China’s economic woes combined with a strong U.S. dollar are weighing on oil prices. OPEC+ production cuts […]
US oil production this year will rise faster than previously expected, providing additional crude supplies to a market that has tightened because of Saudi Arabian output cuts, according to a new government forecast. Higher-than-expected well […]
US fuel stockpiles fell sharply last week -EIA US crude stocks soar on record export drop -EIA Saudi cabinet reaffirms support for OPEC+ measures Oil prices hit new peaks on Wednesday with the global Brent […]
U.S. crude, gasoline stockpiles fell last week China vows to roll out consumption support policies US data boosts hopes of end to interest rate hikes NEW YORK, July 19 (Reuters) – Oil prices edged lower […]
Both WTI and Brent dropped in early trading on Wednesday before recovering as traders weigh economic concerns and tightening supply. The API reported a draw in crude and gasoline inventories which, if confirmed by the […]
With earnings season in full swing, big players like Exxon, Halliburton and Baker Hughes have posted strong results despite lower crude prices in Q1. Friday, April 28, 2023 Oil prices have stabilized around $78 per […]
Oil fell amid widespread losses on Wall Street as lackluster earnings and diminished consumer confidence prompted broad selling. West Texas Intermediate fell over 2% to erase the previous session’s gains, swayed by broader market movement […]
After OPEC+, consisting of 23 oil-exporting countries including Russia, revealed crude oil production cuts for 2023, the U.S. Energy Information Administration (EIA), the statistical and analytical agency within the U.S. Department of Energy, has slightly […]
As Covid-19 lockdowns gripped the world in 2020, Bernard Looney, chief executive officer of BP Plc, made a startling admission: He thought that oil demand might never return to its pre-pandemic peak. But recently, Looney has […]
Oil posted its largest weekly gain in four months after Russia followed through on a threat to cut production in response to western energy sanctions. Moscow says it will reduce output by half a million […]
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