Oil prices surged in late-day trading Thursday, sending the U.S. crude benchmark through $90 a barrel for the first time since 2014 due to ongoing supply worries and as frigid weather cascades across the United […]
The world’s biggest independent oil trader said crude prices, already up more than 10% this year, could rise even more because of tight supplies. “These prices are justified,” Mike Muller, head of Asia for Vitol Group, […]
Brent trades above $85, set for a fourth weekly increase Physical crude markets and diesel are all flashing strength Oil headed for a fourth straight weekly gain, the longest streak since October, on signs that […]
The US oil and gas rig count jumped 16 to 716, energy analytics and software company Enverus said Dec. 16, with the Permian by far recording the biggest weekly domestic gain. The week’s total rig […]
Asian markets regained a little composure on Monday as investors settled in for a few weeks of uncertainty on whether the Omicron variant would really derail economic recoveries and the tightening plans of some central […]
Exxon Mobil Corporation and Chevron Corporation on Friday disclosed plans to expand drilling in the top US shale basin after posting their biggest quarterly profits in years. Latecomers to the west Texas shale fields, both […]
Time will tell which one is out of sync. Is it a forward oil curve that yields 11% on an annualized basis for investors, or is it a headline price of West Texas Intermediate crude […]
Brent rallied, nearing the key $80-a-barrel mark, on signs that the crude market is rapidly tightening amid a global energy crunch. The global benchmark crude surged as much as 2.3% to the highest level in […]
Oil jumped to the highest in six weeks amid signs of a rapidly tightening market after a U.S. government report showed a bigger-than-expected decline in crude stockpiles. Futures in New York surged 3.1% on Wednesday […]
South Korean and Chinese refiners have snapped up at least 5 million barrels of U.S. Mars crude loading in September, taking advantage of lower prices in recent weeks, industry sources said. The purchases could lift […]
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