Browsing: Oil
Global oil prices would have surged higher if not for the Organization of the Petroleum Exporting Countries and its allies,…
The Biden administration is not giving up on its efforts to ease oil prices, as the current conditions risk the…
U.S. oil stockpiles rose more than anticipated, up by 3.291 million barrels last week, compared with analysts’ estimates for a…
BP Plc intends to be the oil industry’s climate champion as it becomes the first of the world’s supermajors to…
A number of members of the Organization of the Petroleum Exporting Countries have increasingly rejected the call of President Joe…
Energy transition and peak demand forecasts have increased worries of oil investors on the prospects of peak production sooner than…
The Organization of the Petroleum Exporting Countries (OPEC) and its allies have missed their output targets as production cuts were…
Commercial crude oil inventories in the United States increased by 2.3 million barrels to 420.9 million barrels in the week…
European energy markets surged to historic highs on Tuesday after much-depleted stockpiles, indicating that the supply constraints could worsen amid…
Three global oil benchmarks — ICE Brent, NYMEX WTI, and DME Oman — remained in backwardation, but uncertainty about the…
Goldman Sachs upgrades its oil price target to $90, indicating the lingering impact of Hurricane Ida on supply while demand…
Crude oil stockpiles fell by 3.5 million barrels to 414 million barrels as gasoline inventories rose last week. US crude…