U.S. completes oil-reserve purchases tied to emergency sales in 2022
The Department of Energy on Friday said it bought 2.4 million barrels of oil for the nation’s Strategic Petroleum Reserve, ...
Oil settles lower as US dollar surges, investors take stock of Trump victory
That could boost oil prices as investors price in a potential disruption to global oil supplies. Trump is expected to continue arming Israel. But setting aside the U.S. election and geopolitical ...
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Three years of roaring oil prices could be coming to an end
Ever since Russia invaded Ukraine in February 2022 and oil prices soared around the globe, the oil industry has enjoyed three ...
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The World's Largest Oil Producer Slips Into a Net Debt Position
The world’s largest oil producer may have just been pushed into a net debt position for the first time in two years.
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'If We Hadn't Bought Russian Oil Then...': Hardeep Puri On How India Did A Favour To World
global oil price would have gone up to 200 dollars for everyone. Oil will remain key source of energy to world, says ...
The Risk Of Oil Price Shock Is Still High
The energy price shock is likely delayed until after the US election. Read why the price of oil could spike to over ...
Oil Prices Flat, Oil Stocks Up on Trump. What’s Going On?
Crude oil prices were falling on Wednesday morning even as major oil companies rallied. Brent crude was recently down about 0.5%, while a basket of U.S. oil and gas exploration and production ...
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OPEC+ production hike delay may signal oil price concerns, analysts say
adding the announcement may allay some fears of a renewed OPEC+ "price war." "It is quite striking that OPEC+ continues to delay the scheduled production increases, at the same time as OPEC's oil ...
With Oil Prices Weak, OPEC Plus Postpones Increases Again
Saudi Arabia, which leads the group, appears wary of unsettling markets just before the U.S. presidential election on Tuesday ...
Brazil’s Oil Production Expected to Disappoint
Oil was lower, and Brazilian crude exports in October suggest the country’s production could fall modestly this year due to unplanned outages, a strike at Brazil’s environmental agency, project delays ...
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Oil price creeps upward as U.S. election, tropical storm loom
Oil prices nudged higher as investors awaited the outcome of a close U.S. presidential election and considered how a ...