Oil rose after a weekly loss on hopes that a Chinese demand rebound is picking up pace following the end of Covid Zero, outweighing hawkish signals from the Federal Reserve. Brent climbed toward $84 […]
The oil and gas rig count, an early indicator of future output, fell by one to 760 in the week to Feb. 17. Despite this week’s rig decline, Baker Hughes said the total count […]
Oil fell as an industry estimate pointed to another major build in American inventories and the dollar gained, with investors assessing the outlook for even tighter US monetary policy to combat sticky inflation. West Texas […]
OSLO, Feb 14 (Reuters) – The global oil and gas industry’s profits in 2022 jumped to some $4 trillion from an average of $1.5 trillion in recent years, the head of the International Energy Agency […]
Authored by Robert Rapier, President Biden’s recent admission in the State of the Union that the United States will need oil for at least another decade was a significant understatement. While there may be a […]
The department had considered cancelling the fiscal year 2023 sale of the 26 million barrels after the Biden administration last year sold a record 180 million barrels from the reserve. But such a cancellation would […]
Oil retreated as the dollar climbed and exports resumed from a key Turkish port.West Texas Intermediate futures dropped below $79 a barrel, after gaining more than 2% on Friday following Russia’s decision to cut oil […]
By Nour Al Ali, Bloomberg Markets Live reporter and strategist While there are many reasons to be bullish on oil, a contrarian view signals prices may fall in coming months so long as real interest […]
February 9, 2023 Data source: U.S. Energy Information Administration, State Heating Oil and Propane Program Note: Prices are adjusted for inflation using the Consumer Price Index. At the start of the winter heating season (October-March), […]
Big Western oil firms more than double profits to $219 bln Surge in revenue allows them to reduce debt Spending rises, climate targets pushed back LONDON, Feb 8 (Reuters) – Big Oil more than […]
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