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$116.15
-3.10 (-2.60%)
At Close: Jun 05, 2026
Oil set for weekly gain on signs of improving demand
09:06pm, Thursday, 16'th May 2024
Oil prices rose in Asian trading hours on Friday, with global benchmark Brent set for its first weekly increase in three weeks on signs of improving global demand and slowing inflation in top oil cons
Oil, gas groups sue to block US rule raising drilling fees on public lands
03:54pm, Thursday, 16'th May 2024
Fossil fuel groups have sued the U.S. Bureau of Land Management seeking to block a rule that will raise fees for oil and gas development on federal lands as a part of the U.S. government's broader eff
Wildfires could impact over half of Canada's oil sands output - report
02:31pm, Thursday, 16'th May 2024
More than half of the oil sands production from Canada could be impacted if the wildfires in Alberta and British Columbia worsen, Rystad Energy said in a report on Thursday.
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Pulls Back From Session Highs As Treasury Yields Rebound
02:12pm, Thursday, 16'th May 2024
Oil markets need additional catalysts to move above the nearest resistance level.
Wildfire near Canadian oil city expected to be subdued on Thursday, says local authority
11:18am, Thursday, 16'th May 2024
A large wildfire near the major Canadian oil sands city of Fort McMurray did not move closer overnight and is expected to remain subdued on Thursday, the local authority said on Thursday.
Saudi Arabia's Grip on Global Oil
10:50am, Thursday, 16'th May 2024
Paul Sankey of Sankey Research looks ahead to the upcoming OPEC+ meeting and discusses the outlook for the global energy market with the US continuing to exhibit what he calls a "stunning" performance
Exclusive: US to favor existing investors for Venezuela oil licenses, say sources
10:01am, Thursday, 16'th May 2024
The U.S. is preparing to prioritize issuing limited licenses to operate in Venezuela to companies with existing oil production and assets over those seeking to enter the sanctioned OPEC nation for the
Crude Oil Price Forecast – Crude Oil Continues to Find Value Hunters
09:29am, Thursday, 16'th May 2024
The crude oil markets have bounced back after selling off again, as the oil markets enter what is typically a very bullish time of year for the markets.
Oil prices hold firm as crude inventories fall and U.S. inflation eases
08:24am, Thursday, 16'th May 2024
West Texas Intermediate and Brent are flat for the week. The contracts have lost 4% and 5.8%, respectively, for the month.
Crude Oil News Today: Underpinned by Falling Inventories, Weaker Dollar
06:13am, Wednesday, 15'th May 2024
Crude oil prices are expected to remain volatile over the near-term with a bullish bias due to reduced inventories and potential supply disruptions.
IEA Says Global Oil Demand Growth Outlook Has Softened
05:25am, Wednesday, 15'th May 2024
The outlook for global oil demand growth this year continues to soften amid an economic slowdown and mild weather in Europe, the International Energy Agency said. Toril Bosoni, head of oil markets
IEA lowers 2024 oil-demand forecast
05:01am, Wednesday, 15'th May 2024
The International Energy Agency cut its forecast for oil-demand growth this year as subdued industrial activity and mild winter temperatures reduced gasoil consumption across some of the world's large
No secret the U.S. wants to keep a lid on oil prices in election year, analyst says
05:00am, Wednesday, 15'th May 2024
Amena Bakr, senior research analyst at Energy Intel, discusses U.S. Secretary of Energy Jennifer Granholm's Middle East visit.
See Some Room for OPEC+ to Up Oil Production in 2H24, IEA's Bosoni Says
04:53am, Wednesday, 15'th May 2024
Global oil markets face a supply deficit this quarter, in part due to output cutbacks by the OPEC+ coalition, led by Saudi Arabia, according to the IEA. Toril Bosoni, the agency's Head of Oil Market D
Weak European Industrial Activities, Warm Weather Slow Oil Demand, IEA's Bosoni Says
04:26am, Wednesday, 15'th May 2024
The outlook for global oil demand growth this year continues to soften amid an economic slowdown and mild weather in Europe, the International Energy Agency said. Toril Bosoni, IEA's Head of Oil M
