Oil price

Oil Price
Biden’s Trip to Saudi Arabia Won’t Solve the Oil Market’s Problems
Some observers expressed hope that a trip by President Biden to Saudi Arabia could spark more production and bring prices down.
Crude Oil
Oil Jumps After Saudi Arabia Hikes Crude Prices
Oil prices rose more than $2 in early trade on Monday after Saudi Arabia raised prices sharply for its crude sales in July.
Crude Oil
Oman’s New Oil Discoveries to Increase Output by up to 100,000 Barrels
Production is expected to rise over the next two to three years
Oil Price
Oil Prices Jump After EU Leaders Agree to Ban Most Russian Crude Imports
Oil prices jumped after EU leaders reached an agreement late Monday to ban 90% of Russian crude by the end of the year.
Oil Price
U.S., European Thirst for Fuel Sends Physical Oil Prices Soaring
Sky-high refining margins for diesel and gasoline in Europe and the United States, driven by a cutoff in Russian supply, has sent prices for some types of phy…
Oil Price
UK Imposes 25% Energy Windfall Tax to Help Households as Bills Surge
Britain announced a 25% windfall tax on oil and gas producers' profits on Thursday, alongside a 15 billion pound ($18.9 billion) package of support for househol…
Crude Oil
Davos 2022: Crude at $110 per Barrel Is ‘Not Sustainable’, Indian Energy Minister Says
India is speeding up its plan to blend ethanol with petrol to help cut down crude imports in the long term
OPEC
Five Major Challenges Facing the Energy Industry
Record-high prices at the pump, a looming diesel shortage right when the summer season is starting, and an uncooperative OPEC are probably reasons for many head…
Oil Price
Saudi Arabia’s Oil Revenue Expected to Rise 66% To $249BN
Jadwa Investment estimates Riyadh's expenditure to increase by 5% this year.
Oil Price
Oil Prices Drop on Profit-Taking, Supply Fears Linger
Oil prices slipped on Monday, giving up earlier gains as investors took profits after a surge in the previous session, but global supply fears loomed with the E…
Oil Price
Oil Giant Aramco Reports Record First Quarter as Oil Prices Soar
Oil giant Aramco reported a more-than 80% jump in net profit Sunday, topping analyst expectations and setting a new quarterly earnings record since its IPO.
Crude Oil
Opec to Attend Iraq Energy Forum in June
Opec said it will participate in the sixth Iraq Energy Forum in Baghdad from June 18-20.
Oil Price
Equinor Sells Stakes in 2 Norway Fields to Sval Energi
Norwegian oil major Equinor said on Tuesday it had agreed to sell its 7.6% stake in Norway's giant Ekofisk field as well as a 19% stake in the Martin Linge fiel…
Crude Oil
Oil Slips as Investors Eye EU Vote on Russian Oil Ban
Oil prices slipped in early Asian trade on Monday as investors eyed talks at the European Union on a Russian oil embargo that is expected to tighten global supp…
Oil Price
U.S. Shale Swings From Losses to Record Cash Flows
U.S. shale focuses on returning capital to shareholders in 2022.

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Oil price

Biden’s Trip to Saudi Arabia Won’t Solve the Oil Market’s Problems

Oil Jumps After Saudi Arabia Hikes Crude Prices

Oman’s New Oil Discoveries to Increase Output by up to 100,000 Barrels

Oil Prices Jump After EU Leaders Agree to Ban Most Russian Crude Imports

U.S., European Thirst for Fuel Sends Physical Oil Prices Soaring

UK Imposes 25% Energy Windfall Tax to Help Households as Bills Surge

Davos 2022: Crude at $110 per Barrel Is ‘Not Sustainable’, Indian Energy Minister Says

Five Major Challenges Facing the Energy Industry

Saudi Arabia’s Oil Revenue Expected to Rise 66% To $249BN

Oil Prices Drop on Profit-Taking, Supply Fears Linger

Oil Giant Aramco Reports Record First Quarter as Oil Prices Soar

Opec to Attend Iraq Energy Forum in June

Equinor Sells Stakes in 2 Norway Fields to Sval Energi

Oil Slips as Investors Eye EU Vote on Russian Oil Ban

U.S. Shale Swings From Losses to Record Cash Flows