The American Petroleum Institute (API) estimated that crude oil inventories in the United States saw a large draw of 4.8 ...
Oil demand has defied bearish predictions to keep rising, but supply is set to increase even more, dragging crude prices lower through 2027.
Market sentiment may be overly bearish on oil, as commercial traders are nearly net long and speculators have largely exited ...
Oil prices increased significantly following the latest OPEC+ meeting, which confirmed no production output increases for the ...
Citi warns that rising inventories, softening demand, and persistent oversupply could push Brent crude down to an average of ...
Oil production in the Permian basin is poised to peak in December, a watershed moment for the U.S. shale boom that upended ...
(Bloomberg) -- The US government jolted energy markets when it sanctioned Russia’s two biggest crude oil producers on Oct. 22. All eyes are now on how the sanctions will affect the supply and price of ...
NEW YORK - APRIL 15: Traders call out during activity in the crude oil options area on the floor of the New York Mercantile Exchange April 15, 2008 in New York City. Oil prices set a new record high ...