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$414.70
-24.27 (-5.53%)
At Close: Jun 05, 2026
Oil extends decline on signs of weak fuel demand, strong dollar
08:48pm, Sunday, 12'th May 2024
Oil prices extended declines on Monday amid signs of weak fuel demand and as comments from U.S. Federal Reserve officials dampened hopes of interest rate cuts, which could slow growth and crimp fuel d
Iraq is committed to OPEC's oil output cuts, minister says
08:47am, Sunday, 12'th May 2024
Iraq is committed to voluntary oil production cuts agreed by the Organization of the Petroleum Exporting Countries (OPEC) and is keen to cooperate with member countries on efforts to achieve more stab
Niger PM says Benin's oil export blockade violates accords
08:11am, Sunday, 12'th May 2024
Niger's Prime Minister Ali Mahaman Lamine Zeine said on Saturday that Benin's blockade of Niger's oil exports, imposed in response to a border closure, violated trade agreements between the two countr
What's So Bad About Fixing Oil Prices?
07:00am, Sunday, 12'th May 2024
A U.S. oil CEO's alleged collusion with OPEC isn't as alarming or evil as it seems.
Chinese companies win more bids to explore for Iraq oil and gas
04:48am, Sunday, 12'th May 2024
Chinese companies ZhenHua and CNOOC Iraq have won bids to explore Iraqi oil and gas fields, Iraq's oil minister said as the Middle East country's hydrocarbon exploration licensing round continued into
Iraq won't agree to future OPEC+ oil production cuts, oil minister says
01:31pm, Saturday, 11'th May 2024
Iraq's oil minister said that Iraq has made enough voluntary oil production cuts and will not agree to any future cuts taken by the Organization of the Petroleum Exporting Countries and allies includi
Crude Oil News Today: How Will U.S. Inflation Data Impact Oil Markets?
05:11am, Saturday, 11'th May 2024
Investors should closely watch U.S. inflation data and global events, as they will significantly influence crude oil trends in the coming weeks.
Iraq launches oil and gas licensing round for 29 projects
04:17am, Saturday, 11'th May 2024
Iraq is holding an oil and gas licensing round for 29 projects in a bid to develop its huge gas reservoirs to help power the country and lure billions of dollars in investments.
U.S. Oil Industry on the Brink of a Major Consolidation Wave- Ernie Miller
02:34pm, Friday, 10'th May 2024
(Kitco News) - The U.S. oil industry is currently facing a significant phase of consolidation through M&A. Ernie Miller, CEO of Verde Clean Fuels and a seasoned industry analyst, pointed to recent maj
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Pulls Back Amid Demand Worries
02:12pm, Friday, 10'th May 2024
The disappointing Michigan Consumer Sentiment report put pressure on the oil markets.
US drillers cut oil and gas rigs for third week in a row - Baker Hughes
01:14pm, Friday, 10'th May 2024
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row, energy services firm Baker Hughes said in its closely followed report on Friday.
Crude Oil Price Forecast – Oil Continues to Look For Buyers to Break Higher
10:33am, Friday, 10'th May 2024
The oil markets have rallied a bit in the early hours of Friday, but at this point we still see a bit of resistance above that could come into play here.
Russia's refined oil product exports to Singapore to hit highest this year in May, traders say
06:27am, Friday, 10'th May 2024
Russia's exports of naphtha to Singapore are on track to rise to their highest level this year in May as Russian refineries recover from drone attacks, traders and analysts estimated, with the trend p
Middle East tensions: Disruption to oil supply is unlikely at this stage, analyst says
04:00am, Friday, 10'th May 2024
Neil Beveridge, senior oil and gas analyst at Bernstein, discusses the tit-for-tat between Iran and Israel, and says "$80-$90 a barrel is really where fundamentals are pointing for oil right now," add
Canada's Gusher: Winners From a New Oil Pipeline
02:15am, Friday, 10'th May 2024
The Trans Mountain Pipeline from oil-rich Alberta to Vancouver will open up Asian and U.S. markets to Canadian producers. The case for Cenovus Energy.
