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EIA Adjusts Downward 2024 World Oil Demand Projection, Ups Output Estimates The latest update from the U.S. Energy Information Administration (EIA) indicates a shift...
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EIA Adjusts Downward 2024 World Oil Demand Projection, Ups Output Estimates The latest update from the U.S. Energy Information Administration (EIA) indicates a shift...
Big Oil’s Deepwater Delight: New Finds Stoke Exploration Enthusiasm” As the oil and gas industry convenes in Houston for its annual offshore energy showcase,...
SLB’s Profit Rises Thanks to High Demand for International Drilling Services The leading oilfield services giant SLB (formerly Schlumberger) reported a 14% increase in...
Oil Market and Japanese Yen React Positively to Reports of Israeli Strikes on Iran The surge in oil and gold prices, along with the...
Novak Announces Q2 Oil Output Cut for Russia to Keep Pace with OPEC+ Members Deputy Prime Minister Alexander Novak announced on Friday that Russia...
Oil Mergers and Clean Fuels Take Center Stage at Houston Energy Conference Houston is abuzz this week as top oil executives and ministers converge...
Oil Prices Strengthened by US Inventory Figures, Russian Refinery Assaults On March 14th, in Beijing, oil prices continued their upward trend in Asian trading...
Oil Prices Hold onto Gains Amid Optimistic China Trade Figures On March 7, oil prices demonstrated stability, maintaining the gains from the previous day...
OPEC+ Resurgence: Oil Prices Recover Despite China, U.S. Oil prices saw a modest resurgence on Wednesday, staging a recovery after a prolonged downturn. Concerns...
Red Sea Risks Impact Oil Market: Prices Hold Steady Amid On February 27, oil markets sustained gains from the prior day amidst heightened concerns...
Oil is down as uncertainty over OPEC+ supply cuts and demand growth weigh in. Even though the possibility of supply interruptions caused by the...
Oil was slightly higher as OPEC+ awaited, and a Black Sea storm disrupted supply. Wednesday saw a little oil price increase as investors became more...
After OPEC+ postponed a ministerial meeting, prompting suspicion that producers could cut output less than planned, oil prices fell by more than one percent...
According to a presentation that Reuters reviewed, an OPEC technical panel requested a well-known financial market dealer to deliver a presentation this week that...
Oil heads for weekly losses as Mideast worries ease and China demand is uncertain. Friday saw no movement in oil prices, but they were...
Oil rises 1% after the Fed keeps rates unchanged. Following the U.S. Federal Reserve’s decision to keep benchmark interest rates, risk appetite returned to...
After hundreds were murdered in an explosion at a Gaza hospital on Wednesday, tensions in the Middle East increased, raising worries about possible interruptions...
Following a more than $1 decline on Monday, oil prices stabilized Tuesday as Washington increased efforts to stop an escalation of the conflict between...
Asia shares pick up after Fed rate comments; oil dips. Asian stocks increased on Tuesday as bond rates fell, which was supported by comments...
On Thursday, oil prices dropped more than $1, adding to the previous session’s steep losses as an unreliable demand picture outweighed any positive impact...
Oil rises on supply concerns and China’s demand recovery. On Monday, oil prices jumped for a third straight day on expectations of a wider...
On Wednesday, oil prices held at a 10-month high as supply fears about Libya production and OPEC+ restrictions were countered by global macroeconomic headwinds....
Oil prices ease, but supply cuts keep Brent above $90/bbl. Fuel demand fell on Monday due to a stronger U.S. currency and economic worries...
Oil prices rose Tuesday as markets evaluated August production curbs by main exporters Saudi Arabia and Russia against a dismal global economic outlook. On...
Oil steady after a surprising drop in U.S. crude stocks balances demand fears. Oil prices held onto most of the previous day’s gains in...
Oil rises due to Fed hawkishness outweighing Chinese demand concerns. After two consecutive losses, oil prices rallied early on Wednesday as anticipation of aggressive...
After China dropped benchmark lending rates less than expected on Tuesday, oil prices fell, raising concerns about oil consumption in the world’s largest crude...
Oil prices fell on Wednesday as industry data indicated an unexpected growth in U.S. oil stocks, signaling poor demand to anxious markets about recession...
Oil prices fell on Thursday as concerns about decreasing demand due to the global economic slowdown outweighed Saudi Arabia’s output curbs. Brent crude prices...
Oil prices fell Wednesday after U.S. stocks and fuel supply tightened, and the Saudi energy minister warned speculators of more OPEC+ output restrictions. By...
Oil prices rose on Friday after falling more than 1% as investors became cautiously hopeful about the U.S. debt default risk. By 0420 GMT,...
As U.S. and Chinese economic worries resurfaced, oil prices fell for a fourth week on Friday. By 0635 GMT, Brent crude futures fell 48...
Shell (SHEL.L) reported a $9.65 billion first-quarter net profit on Thursday, above analysts’ expectations. Fuel trading earnings offset falling oil and gas prices. For...
On Thursday, a stronger dollar and rate rise expectations overcame decreased U.S. crude stocks, sending oil prices to their lowest level in three weeks....
Tightening supply lifts oil; IEA demand outlook expected. Oil prices increased on Friday as the market awaited the International Energy Agency’s (IEA) monthly report...
Two sources stated Abu Dhabi National Oil Co. (ADNOC) would launch its maritime and logistics unit in the coming months, its second IPO this...
A CGT representative said police broke up the Normandy TotalEnergies Gonfreville refinery blockade early Friday morning. Police allowed requisitioned workers into the refinery. Alexis...
Oil prices fell sharply on Friday and throughout the week, as traders grew concerned about the potential impact of future U.S. interest rate hikes...
For the first time since the outbreak, the Federal Reserve is expected to raise its target fed funds rates on Wednesday. As the Russia-Ukraine...
That’s a lot of zeroes On Thursday, Apple officially became the first American public company to reach $1 trillion in value. Their stock rose...
OPEC continues to struggle with oil production Several workers were abducted from the Sharara oil field, Libya’s biggest, so authorities evacuated many employees and...
Remnants of the collapse of Kiel Bros. Oil Co. in 2004 is costing tax-paying Americans. The father of the Vice President, Edward Pence, grew...
Batista booked Eike Batista, a Brazilian oil and mining mogul, was sentenced to 30 years in prison on Tuesday after paying over $16 million...
OPEC meeting filled with ambiguity OPEC nations met on Friday and agreed to increase crude oil production. Head of OPEC Suhail Mohammed Faraj Al...
The US, Saudi Arabia, and Russia may be coming to an agreement Every automobile driver in the US knows that gas and oil prices...
Canada creates controversy with their pipeline purchase Canadian Prime Minister Justin Trudeau announced the country will buy a 715-foot oil pipeline for 4.5 billion...
Markets around the world are rising as Florida missed the worst of Irma this weekend, and as North Korea’s founding celebration, which took place...
A photo taken at a Best Buy in Houston after Hurricane Harvey shows 12-packs of Smart Water listed for $29.98 and 24-packs of Dasani...
The Organization of Petroleum Exporting Countries’ reduction of crude output has made money managers optimistic about West Texas Intermediate oil prices for the first time...
General Electric continues its descent into the fourth quarter as oil patch difficulties impacted sales and lowered shares in the company down to their...
Over the last four month, the rate of the U.S. Dollar was at a slump. But as of now, the situation seems to be...