The light sweet crude oil market has gone back and forth during the trading session on Monday, as it is a major holiday in the US, cutting trading hours and volume.
Russia's federal budget proceeds from taxes on oil and gas are expected to drop by 46% in January from the same month in 2025 due to a weaker oil price and a stronger rouble, Reuters calculations show
Oil futures test key support as EU-US trade war threatens demand. Iran tensions ease but Venezuela production delays provide some floor to prices.
Shares in BP PLC (LSE:BP.) and Shell PLC (LSE:SHEL, NYSE:SHEL) edged lower early on Monday, modest moves that nonetheless dragged the FTSE 100 into the red because of their heavy index weightings.
India's Mangalore Refinery and Petrochemicals Ltd is exploring purchases of Venezuelan oil as it halts imports of Russian oil to comply with Western sanctions, its head of finance Devendra Kumar said
WTI crude slips to $59.06 as Iran tensions ease. $58.3 support may spark rebound, while tariffs and supply risks shape oil outlook
Crude oil futures rise for fourth week but volatile as Iran tensions fade and Venezuela resumes production. Key pivot at $58.46 determines direction.
Oil prices were little changed on Monday, after rising in the previous session, as Iran's deadly crackdown on protests quelled the civil unrest in the country, reducing the chance of a U.S. attack on
Oil fell in the early morning Asian session as Middle East tensions continue to fade, easing worries over possible supply disruptions.
Crude oil prices spiked then slid over recent trading sessions following the U.S. capture of Venezuelan president Nicolás Maduro. Ted Parkhill attributes the price action to the U.S. increasing acces
Oil prices face mounting fundamental pressure as potential shifts in global oversupply dynamics emerge, driven by China's decelerating stockpiling, which is tied to the rise of electric vehicles curbi
Decades of nationalization, socialism, crony hiring and money printing turned Venezuela's oil sector into a hollow shell, shrinking output, crushing incomes and forcing a historic exodus.
Crude oil futures rise on Iran military strike concerns, but Venezuela supply increases may cap gains. Technical analysis shows range-bound action ahead.
Oil companies might want to look at past U.S. exploits in the region before rushing back in.
Saudi Arabia is attempting one of the most ambitious economic transformations in the world, hoping to use tourism to reduce its reliance on oil and reshape its global image. Under Vision 2030, Crown P
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