Oil Price

Oil & Gas
Oil and Gas to Catapult Global Energy Spending to Record Highs in 2022, Rystad Says
Surging oil, gas and power prices together with EU’s goals of becoming less dependent on Russian supplies and post-Covid-19 pandemic inflation will catapult gl
Oil & Gas
Shell Raises Russia Writedown to as Much as $5 Billion
Shell will write down up to $5 billion following its decision to exit Russia, more than previously disclosed, while soaring oil and gas prices boosted trading a
Oil & Gas
Oil Sinks Toward $100 as EU Avoids Curbs on Crude, Dollar Gains
Oil fell as the European Union eschewed sanctions on Russian oil flows for now and a stronger dollar blunted the appeal of commodities.
Oil & Gas
West Set To ‘Swap’ 650,000 Bpd Russian Oil with Developing Asia
Developed economies allies of the U.S. and the EU are expected to replace around 650,000 barrels per day (bpd) of Russian crude oil with grades from other produ
Oil & Gas
Oil Rises as Uncertainty Around Supply Persists
Oil futures rose in early trading on Tuesday as the potential for more sanctions following alleged war crimes by Russian troops in Ukraine added to concerns abo
Oil & Gas
How Biden’s Huge Strategic Oil Release Could Backfire
President Biden’s huge SPR release announcement has pushed WTI prices back below $100.
Oil & Gas
IEA to Release New Emergency Oil Stock to Curb Market Turmoil
The International Energy Agency has said its members have agreed to release more oil from emergency reserves to offset the market turmoil caused by Russia’s wa
Oil & Gas
Biden’s Top Economic Advisor Says Restarting the Keystone XL Pipeline Now Won’t Lower Oil Prices
President Joe Biden’s top economic advisor suggested Friday the White House is not rethinking its decision to cancel the controversial Keystone XL oil pipeline
Oil & Gas
U.S. to Release 1 Million Barrels of Oil Per Day From Reserves to Help Cut Gas Prices
The Biden administration on Thursday said the U.S. will release 1 million barrels of oil per day from reserves.
Oil & Gas
Oil Rises on Supply Tightness Despite "Constructive" Ukraine-Russia Talks
Oil prices climbed on Wednesday on hopes of progress in peace talks between Russia and Ukraine and providing a fresh reminder supply remains tight as data showe
Oil & Gas
Bank of England: ‘Historic’ Energy Shock Bigger than Any Year in the 1970s
Bank of England Governor Andrew Bailey has warned the shock to inflated-adjusted incomes in Britain as a result of rising energy prices will be larger than any
Oil & Gas
U.S. Oil Exports Surge, Drawing Crude away From Storage Hub
U.S. oil exports have climbed following Russia's invasion of Ukraine, and barrels of domestic oil that would typically go to the Cushing, Oklahoma, storage hub
Oil & Gas
Sinopec's 2021 Profit More Than Doubled on Higher Oil Prices, Sales
China Petroleum & Chemical Corp.'s 2021 net profit more than doubled to its best level in nearly a decade on higher prices and demand for petroleum products.
Oil & Gas
IEA Ready to Release More Oil to the Market to Cool Prices 'if Needed'
The International Energy Agency said its members are ready to release more oil into the market “if needed” to tackle soaring prices in the wake of Russia's mi
Oil & Gas
Oil Prices Resume Climb After U.S. Stockpiles Drop in Tight Market
Oil prices turned higher on Wednesday, erasing losses from the previous session, after industry data showed U.S. crude stocks fell last week.

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Oil Prices Fall on Ukraine Summit Plan, Prospect of Iran Nuclear Deal

Oil Price

Oil and Gas to Catapult Global Energy Spending to Record Highs in 2022, Rystad Says

Shell Raises Russia Writedown to as Much as $5 Billion

Oil Sinks Toward $100 as EU Avoids Curbs on Crude, Dollar Gains

West Set To ‘Swap’ 650,000 Bpd Russian Oil with Developing Asia

Oil Rises as Uncertainty Around Supply Persists

How Biden’s Huge Strategic Oil Release Could Backfire

IEA to Release New Emergency Oil Stock to Curb Market Turmoil

Biden’s Top Economic Advisor Says Restarting the Keystone XL Pipeline Now Won’t Lower Oil Prices

U.S. to Release 1 Million Barrels of Oil Per Day From Reserves to Help Cut Gas Prices

Oil Rises on Supply Tightness Despite "Constructive" Ukraine-Russia Talks

Bank of England: ‘Historic’ Energy Shock Bigger than Any Year in the 1970s

U.S. Oil Exports Surge, Drawing Crude away From Storage Hub

Sinopec's 2021 Profit More Than Doubled on Higher Oil Prices, Sales

IEA Ready to Release More Oil to the Market to Cool Prices 'if Needed'

Oil Prices Resume Climb After U.S. Stockpiles Drop in Tight Market

Oil Prices Fall on Ukraine Summit Plan, Prospect of Iran Nuclear Deal

IEA to Expedite 2025 Oil Demand Forecast, OPEC Also Moves Early

U.S. Weighs Sanctions on Russia Energy Flows, but Time Is Not 'Right Now'

New Iran Nuclear Deal May Completely Derail Oil Price Rally

Oil prices slide 3% on prospect of more OPEC+ oil

US EIA Lifts Oil Demand Forecast, Says Prices Will Recover to Above $80/Bbl