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$414.70
-24.27 (-5.53%)
At Close: Jun 05, 2026
Saudi Aramco: the oil colossus
07:02am, Thursday, 30'th May 2024
Saudi Arabia may announce a landmark secondary share offering in oil giant Aramco later on Thursday, pending final approval from Crown Prince Mohammed bin Salman, people with knowledge of the matter s
Oil Mergers Are Taking Off. These Stocks Stand to Win or Lose.
12:30am, Thursday, 30'th May 2024
Small and midsize oil and gas companies could be winners as they attract attention from acquirers. Oil field service companies, by contrast, could be hurt by fewer customers.
Oil prices down on demand woes as markets await U.S crude stockpiles data
08:51pm, Wednesday, 29'th May 2024
Oil prices were down on Thursday as the markets wait on the latest U.S. crude oil stockpiles data while resilient U.S. economic activity pointed to borrowing costs staying higher for longer in a poten
Exclusive: Double Eagle explores $6.5 billion sale of shale oil producer, sources say
03:11pm, Wednesday, 29'th May 2024
Prolific oil and gas developer Double Eagle is exploring a sale of its latest Permian Basin-based producer in a deal that could be worth more than $6.5 billion, including debt, according to people fam
Oil prices could turn volatile if OPEC+ fails to extend production cuts this weekend
12:33pm, Wednesday, 29'th May 2024
Members of the Organization of the Petroleum Exporting Countries and their allies, together known as OPEC+, will hold a much-anticipated ministerial meeting via videoconference on June 2 — and the o
Oil deals: Shareholders approve Hess sale, Conoco acquires Marathon
11:00am, Wednesday, 29'th May 2024
Hess (HES) shareholders have officially voted in favor of selling the company to Chevron (CVX) in a deal valued at $53 billion. However, the path to finalizing this transaction still presents several
Oil storage rise supports case for keeping OPEC+ cuts, sources say
09:58am, Wednesday, 29'th May 2024
Rising global oil inventories through April due to soft fuel demand may strengthen the case for OPEC+ producers to keep supply cuts in place when they meet on June 2, OPEC+ delegates and analysts say.
Oil prices boosted as traders await OPEC+ decision on production cuts
06:44am, Wednesday, 29'th May 2024
Oil futures were on the rise early Tuesday, finding support as traders awaited a June 2 meeting of the Organization of the Petroleum Exporting Companies and its allies that's expected to see the group
Why a possible ConocoPhillips/Marathon Oil merger may be the last among the majors
03:48am, Wednesday, 29'th May 2024
With ConocoPhillips reportedly on the cusp of an all-stock deal to buy Marathon Oil Corp., the end of several years of consolidation among the industry's big players is nigh.
Growing armada shipping sanctioned oil burns dirty fuel in a setback for clean-up efforts
01:04am, Wednesday, 29'th May 2024
The growing shadow fleet of tankers transporting sanctioned Iranian, Venezuelan and Russian oil is filling up with the cheapest fuel available, hindering industry efforts to use cleaner fuel to cut sh
Oil rises as major producers expected to keep output cuts in place
08:50pm, Tuesday, 28'th May 2024
Oil prices rose on Wednesday on expectations major producers will maintain production cuts at a meeting this Sunday at the same time fuel consumption should begin rising with the start of the peak sum
Crude Oil Elliott Wave Analysis: Nearing Bearish Reversal?
07:03pm, Tuesday, 28'th May 2024
Crude oil futures appear to have begun the next big downward push which could persist into autumn or winter. On a faster time frame though, a minor upward retrace is probably due.
Oil outlook: Analyst talks price factors and demand
02:47pm, Tuesday, 28'th May 2024
A new bill called the NO FAKES (Nurture Originals, Foster Art, and Keep Entertainment Safe) Act from the US Senate is being proposed as backlash from the entertainment industry grows over the use of A
OPEC+ meeting: Here's what to expect
12:10pm, Tuesday, 28'th May 2024
Francisco Blanch, BofA Securities head of global commodity and derivatives research, joins 'Squawk on the Street' to discuss what to expect from OPEC this weekend, if Chinese oil demand is rising, and
U.S. crude oil gains more than 1% as market looks to OPEC+ meeting on production levels
08:49am, Tuesday, 28'th May 2024
Oil market analysts are broadly expecting OPEC+ to maintain its current production levels.
