WTI hovers near $62 as IEA warns of a 2026 supply surplus and OPEC hints at output hikes. Will oil slide to $60 or stage a rebound?
Oil traded little changed on Monday, with investors weighing the market implications of upcoming U.S.-Iran talks aimed at de-escalating tensions against a backdrop of expected OPEC+ supply increases.
Oil consolidates in the morning Asian session, but could be weighed by prospects of OPEC+ supply increases.
Heidi Crebo-Rediker, Senior Fellow for Geoeconomics at the Council on Foreign Relations, discusses how the US has put itself in the middle of China's Venezuela oil trade. ConocoPhillips and other ene
The Treasury Department issued licenses Friday for oil companies including Chevron and certain European rivals to operate in the country.
U.S. President Trump said that the second aircraft carrier would be “leaving very shortly” to the Middle East.
The U.S. eased sanctions on Venezuela's energy sector on Friday, issuing two general licenses that allow global energy companies to resume oil and gas operations in the OPEC member and for other compa
The Trump administration deposited the initial $500 million of Venezuela oil sales in U.S.-controlled account in Qatar. A U.S. Treasury Department account has been set up and the funds won't go to Qat
The past week has been very difficult for oil markets, as we are waiting for the results of the US/Iran talks.
The crude oil market continues to see a lot of back-and-forth action, as we are trying to come to some kind of agreement.
WTI slips as supply fears, weak demand signals, and soaring inventories pressure crude oil prices despite support from ongoing Strait of Hormuz risk.
OPEC+ is leaning towards a resumption in oil output increases from April, three OPEC+ sources said, as the group prepares for peak summer demand and price strength is bolstered by tensions over U.S.-I
Serbia's Russian-owned NIS oil company has sought another sanctions waiver from the United States to allow crude imports, while it awaits the completion of a sale to Hungary's MOL , the company said i
The United States has issued a general licence to India's Reliance Industries Ltd that will allow the refiner to buy Venezuelan oil directly without violating sanctions, two sources familiar with the
Oil prices slide as IEA warns of a 3.7M bpd surplus. WTI dips below $63, Brent tests $67, while natural gas holds $3.15 amid mild weather forecasts.
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