Oil price

Oil Price
Goldman: U.S. SPR Crude Releases to Have Modest Price Influence
The Biden administration's plan to continue releasing the Strategic Petroleum Reserves (SPR) "as appropriate" to bring down retail rates poses limited downside …
Oil Refinery
Exxon Shares Surge to Record High on Strong Earnings Outlook
Exxon Mobil Corp shares passed their all-time high on Friday as oil prices resumed their climb and analysts raised their long-term views of top U.S. oil produce…
Oil Price
US to Release an Extra 15M Barrels of Oil Amid Skyrocketing Prices
US officials have hinted at more releases if prices continue to surge.
Oil Price
Biden to Lay Out Plan to Complete Emergency Oil Sales, Support U.S. Production
U.S. President Joe Biden will announce a plan on Wednesday to sell off the last portion of his release from the nation's emergency oil reserve by year's end, an…
Oil Price
U.S. Could Sell Oil From Emergency Reserve This Week -Sources
The Biden administration plans to sell oil from the Strategic Petroleum Reserve in a bid to dampen fuel prices before next month's congressional elections, thre…
Crude Oil
Oil Slides as U.S. Crude and Gasoline Stocks Surge
Oil prices slipped in early Asian trade on Friday as U.S. crude and gasoline inventories jumped, while Saudi Arabia and Washington continued to clash over plans…
OPEC
Prices at the Pump Are Ticking Higher After OPEC Decision
Gasoline prices in the United States have jumped over 3% since OPEC’s decision last week to cut output by 2 million barrels per day in November, reversing the …
Oil Price
Oil Takes a Breather, Eases off 5-Week Highs
Oil prices slipped on Monday, easing off five-week highs, as the market took profits following strong gains last week on expectations of tighter supplies follow…
Crude Oil
The UAE Isn’t Ditching Oil for Renewables Just Yet
The UAE isn’t likely to curb its oil production in favor of renewables any time soon.
OPEC
Oil Jumps 4% to 5-Week High Lifted by OPEC+ Output Cut
Oil prices jumped about 4% to a five-week high on Friday, lifted again by an OPEC+ decision this week to make its largest supply cut since 2020 despite concern …
Natural Gas
Shell Warns Weak Earnings From Gas Trading Could Impact Profits
Shell warned that third-quarter profits would be dented after it weathered a sharp rise in refining costs and weaker earnings from natural gas trading.
Crude Oil
U.S. Sells Oil from Emergency Reserve to Marathon, Equinor, Others
The United States has sold a 10.15 million barrel batch of oil from the Strategic Petroleum Reserve to eight companies, the Department of Energy said on Friday.…
Oil Price
Biden to US Oil Companies: ‘Bring Down Petrol Prices Now’
Crude prices have fallen in recent weeks on fears of a global economic slowdown.
Oil Price
Oil Prices Steady on Prospect of Balancing Supply After Steep Selloff
Oil steadied in early Asian trade on Tuesday as indications that producer alliance OPEC+ sought to avoid a collapse in prices, along with a slight softening in …
Oil Price
BP, Chevron Cut Offshore Oil Production Ahead of Hurricane Ian
BP Plc and Chevron Corp on Monday said they have shut-in production at offshore oil platforms in the Gulf of Mexico, as a powerful Hurricane Ian bore down on th…

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Oil price

Goldman: U.S. SPR Crude Releases to Have Modest Price Influence

Exxon Shares Surge to Record High on Strong Earnings Outlook

US to Release an Extra 15M Barrels of Oil Amid Skyrocketing Prices

Biden to Lay Out Plan to Complete Emergency Oil Sales, Support U.S. Production

U.S. Could Sell Oil From Emergency Reserve This Week -Sources

Oil Slides as U.S. Crude and Gasoline Stocks Surge

Prices at the Pump Are Ticking Higher After OPEC Decision

Oil Takes a Breather, Eases off 5-Week Highs

The UAE Isn’t Ditching Oil for Renewables Just Yet

Oil Jumps 4% to 5-Week High Lifted by OPEC+ Output Cut

Shell Warns Weak Earnings From Gas Trading Could Impact Profits

U.S. Sells Oil from Emergency Reserve to Marathon, Equinor, Others

Biden to US Oil Companies: ‘Bring Down Petrol Prices Now’

Oil Prices Steady on Prospect of Balancing Supply After Steep Selloff

BP, Chevron Cut Offshore Oil Production Ahead of Hurricane Ian