Oil slips on higher US crude stockpiles; market watches Middle East
Oil prices dipped on Wednesday after industry data showed U.S. crude inventories swelled more than expected, though declines were capped as the market watched diplomatic efforts in the Middle East after Israel continued attacks on Gaza and Lebanon.
Oil on track for back-to-back gain on China stimulus, lingering Middle East worries
Oil futures moved higher Tuesday, attempting to claw back steep losses suffered last week, with prices supported by a more upbeat prospects for Chinese demand and ongoing concerns that a broader Middle Eastern conflict that could threaten crude flows from the region.
Oil Extends Gains Amid Middle East Tensions, Chinese Stimulus
Oil extended gains after Israeli strikes on Lebanon. Prices were are also supported by Saudi Aramco’s CEO reportedly saying he is fairly bullish on China demand in light of stepped-up policy measures.
Oil prices trim Middle East war risk-gains, China demand remains a worry
Oil prices fell on Tuesday, paring the previous day's nearly 2% rise as the top U.S. diplomat renewed efforts to push for a ceasefire in the Middle East, and as slow demand in China, the world's top oil importer,
Oil Slips Amid U.S. Ceasefire Efforts in Middle East, China Concerns
Oil prices were edging lower in early trading amid renewed U.S. efforts for a ceasefire in the Middle East and concerns about China's oil-demand outlook. U.S. Secretary of State Antony Blinken will visit Israel and other countries in the region this week to revive truce talks ahead of the U.
Oil prices slip on rising U.S. crude inventories
Oil prices edged down on Wednesday after industry data showed U.S. crude inventories had swelled more than expected, while ...
The Oil Industry’s Future Hangs In The Balance Of The Election
As U.S. crude oil and gas production nears a potential peak, the outcome of the 2024 presidential election could decide the ...
U.S. crude oil prices rise more than 2%, extend gains to above $72 per barrel
Oil prices have bounced back somewhat after selling off steeply last week. Beijing cuts its benchmark lending rate on Monday, ...
Saudi Arabian economic growth to accelerate in 2025 as oil taps open
Economic growth in Saudi Arabia will accelerate next year thanks to higher oil output after two years of modest performance, ...
Crude oil prices today: WTI is trading at $69.97
WTI futures traded around $69.97 per barrel, as of 9 a.m. ET. That’s an increase of 0.27% in the last 24 hours.
One State's Answer for Peak Oil Production: A $58 Billion Sovereign Wealth Fund
To understand what seesawing oil prices mean in practice, look no further than New Mexico, where America’s shale boom has ...
Why the Oil Market Is Not Shocked
Geopolitical turmoil, particularly in the Middle East, used to send oil prices soaring, as frantic traders—anticipating ...
Gap Between Value Of Oil Exports, Imports Continues To Narrow In 2024
In 2016, exports made up less than 9% of U.S. oil trade. This year, almost 42% of U.S. oil trade is an export.
Chevron: 3 Reasons This Is The King Of Oil Dividend Aristocrats
Chevron is a top choice for low-risk investors with its strong growth prospects, dependable dividends and undervaluation.
Why the Oil and Gas Industry Is So Afraid of Kamala Harris
Mr. Mingle is an independent journalist and the author of “Gaslight: The Atlantic Coast Pipeline and the Fight for America’s ...
South Africa Is Still Tapping Oil Stockpile to Fund Fuel Subsidy
South Africa is still selling oil from strategic stockpiles to fund measures introduced two years ago to cushion consumers ...
Women footballers urge Fifa to end Saudi oil deal
More than 100 professional women's footballers sign an open letter urging Fifa to end a sponsorship deal with Saudi oil giant ...