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At Close: Jun 05, 2026
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.
Oil prices pull back as post-CPI relief rally runs out of steam
06:33am, Thursday, 16'th May 2024
Oil futures edged lower Thursday, losing ground after a relief rally sparked by data showing a slowdown in key U.S. inflation data ran out of steam.
Crude Oil News Today: Strong US Demand, Geopolitical Tensions Boost Prices
06:04am, Thursday, 16'th May 2024
Slower inflation boosts rate cut hopes, leading to stronger crude oil demand; geopolitical tensions and inventory drawdowns lift prices.
Indonesia expects oil and gas investments to rise 29% to $17 billion in 2024
04:06am, Thursday, 16'th May 2024
Indonesia expects investments in its oil and gas sector to rise 29% in 2024, the chairman of regulator SKK Migas told Reuters, as it races to ramp up drilling and exploration following the recent exit
Natural Gas and Oil Forecast: US Inventories Drop, NG at $2.4, Oil at $79
01:38am, Thursday, 16'th May 2024
US oil inventories fell by 2.5 million barrels, pushing NG prices to $2.4 and oil to $79 amid rising demand.
Oil prices rise on moderate US inflation data, strong demand
08:38pm, Wednesday, 15'th May 2024
Oil prices extended gains from the previous session on Thursday on signs of stronger demand in the U.S. where data showed slower inflation than markets expected, strengthening the argument for an inte
Natural Gas, WTI Oil, Brent Oil Forecasts – WTI Oil Rebounds Towards $79.00 As Crude Inventories Decline
02:33pm, Wednesday, 15'th May 2024
Falling Treasury yields provided additional support to oil markets.
Wildfire has moved closer to Canadian oil city, says local authority
11:21am, Wednesday, 15'th May 2024
A large wildfire threatening the major Canadian oil sands city of Fort McMurray moved closer overnight and weather conditions are unfavorable, the local authority said on Wednesday.
Crude Inventories Declined By 2.5 Million Barrels, More Than Expected
10:49am, Wednesday, 15'th May 2024
Gasoline inventories decreased by 0.2 million barrels.
Crude Oil Price Forecast – Crude Oil Continues to Grind a Bit Lower
10:01am, Wednesday, 15'th May 2024
The crude oil markets have been very sluggish as of late, and therefore I think you have to look at this point, as a spot where we could have a lot of action enter the fray.
Oil prices slip as International Energy Agency cuts demand growth forecast
08:26am, Wednesday, 15'th May 2024
World oil demand is forecast to grow by 1.1 million barrels per day this year, down 140,000 bpd from last month's projection.
Colombia oil output closing in on 800,000 bpd, regulator head says
07:53am, Wednesday, 15'th May 2024
Colombia's average daily oil output is closing in on 800,000 barrels per day (bpd) even as the Andean country increasingly looks to boost renewable energies, the president of the National Hydrocarbons
