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At Close: Jun 08, 2026
Goldman Sachs: Oil demand will 'plateau,' not decline after peaking
10:00am, Friday, 31'st May 2024
Nikhil Bhandari, co-head of APAC natural resources and clean energy research at Goldman Sachs, discusses his outlook for oil demand and the implications for both upstream and downstream energy compani
U.S. crude oil on pace for worst month of year ahead of weekend OPEC+ meeting
08:54am, Friday, 31'st May 2024
OPEC+ members on Sunday are expected to review voluntary output cuts of 2.2 million barrels per day. Oil market analysts generally agree that group will likely keep those cuts in place.
Oil prices steady as traders await OPEC+ decision on production cuts
07:34am, Friday, 31'st May 2024
Oil futures were little changed early Friday, but were on track for their first monthly declines of 2024 as traders fretted over gasoline demand and awaited a weekend decision on production cuts by th
Oil price forecasts cut as supply risks trend lower
07:07am, Friday, 31'st May 2024
Analysts have lowered their 2024 oil price forecast for the first time since February, reflecting lower risks to supply from ongoing wars in the Middle East and Ukraine, a Reuters poll showed on Frida
Oil giant Saudi Aramco offers a second stock tranche worth billions of dollars
05:39am, Friday, 31'st May 2024
Saudi Arabia said Friday it will sell a second sliver of stock in its state oil giant Aramco worth billions of dollars, its first tranche since its initial public offering back in 2019.
Oil alliance OPEC+ could extend production cuts this weekend as focus shifts away from Middle East tensions, sources say
01:14am, Friday, 31'st May 2024
The oil-producing Organization of the Petroleum Exporting Countries and its allies could extend existing output cuts this week, delegates and analysts tell CNBC, even as focus shifts from Middle East
Oil falls as Fed policymakers look to maintain rate cuts, gasoline stocks rise
08:35pm, Thursday, 30'th May 2024
Oil prices fell early on Friday as investors responded to comments from U.S. Fed officials who said it was too soon to start considering rate cuts, and following a surprise build in U.S. gasoline stoc
Canada to assess toxicity of compound found in oil sands tailings
03:57pm, Thursday, 30'th May 2024
Canada has agreed to assess whether naphthenic acids found in northern Alberta's oil sands tailings ponds should be classed as toxic under federal law, a move that could pave the way for stricter regu
Schumer and 22 fellow Senate Democrats urge Justice Department to crack down on oil-price fixing
03:46pm, Thursday, 30'th May 2024
WASHINGTON (AP) — Senate Majority Leader Chuck Schumer and 22 other Democratic senators are calling on the Department of Justice to “use every tool” at its disposal to prevent and prosecute alle
OPEC+ working on complex oil cut extension deal for 2024-2025, sources say
01:00pm, Thursday, 30'th May 2024
OPEC+ is working on a complex deal to be agreed at its meeting on Sunday that will allow the group to extend some of its deep oil production cuts into 2025, three sources familiar with OPEC+ discussio
Exxon trouncing Salesforce since software stock replaced oil giant in the Dow four years ago
11:56am, Thursday, 30'th May 2024
Exxon Mobil was replaced by Salesforce as Dow component in August 2020, a shakeup seen a sign of the energy sector's weakness and tech's strength. But the oil major's stock has gained nearly 170% sinc
U.S. Crude Oil Stocks Fall More Than Expected
11:26am, Thursday, 30'th May 2024
Oil stocks fell by 4.2 million barrels — a greater decline than was expected.
Crude Inventories Declined By 4.2 Million Barrels
11:23am, Thursday, 30'th May 2024
Gasoline inventories increased by 2.0 million barrels, exceeding analyst estimates.
US crude stocks fall, gasoline and distillate inventories rise - EIA
11:15am, Thursday, 30'th May 2024
U.S. crude stocks fell while gasoline and distillate inventories rose in the week ending May 24, the Energy Information Administration said on Thursday.
OPEC+ discuss keeping voluntary oil cuts until year-end, sources say
11:13am, Thursday, 30'th May 2024
OPEC+ members that are making 2.2 million barrels per day of voluntary oil output cuts are discussing extending them until the end of the year, three OPEC+ sources said ahead of the group's meeting on
