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$41.89
-1.35 (-3.12%)
At Close: Jun 05, 2026
Crude Oil News Today: Prices Pressured by Fed's Hawkish Tone, Inventory Shock
06:02am, Thursday, 23'rd May 2024
Given the Fed's indication of potential rate hikes and the unexpected rise in crude inventories, the short-term outlook for crude oil remains bearish.
India, Egypt top destinations for Russian seaborne fuel oil, VGO exports in April, LSEG data shows
05:17am, Thursday, 23'rd May 2024
India and Egypt were the top destinations for Russian seaborne fuel oil and vacuum gasoil (VGO) exports in April, traders said and LSEG data showed.
Haque: UAE, Saudi Non-Oil Growth Resilient
02:29am, Thursday, 23'rd May 2024
Khatija Haque, Emirates NBD, Chief Economist and Head of Research, discusses UAE growth for 2024. She speaks with Joumanna Bercetche and on Horizons: Middle East & Africa.
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.
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
