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At Close: Jun 05, 2026
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
Schumer asks DOJ to investigate FTC claim oil exec colluded with OPEC
10:20am, Thursday, 30'th May 2024
U.S. Senate Majority Leader Chuck Schumer and 22 other Democratic Senators on Thursday asked the Attorney General to investigate allegations of collusion and price fixing between the oil industry and
U.S. crude oil falls 3.2% in May, on pace for worst month of the year
08:55am, Thursday, 30'th May 2024
U.S. crude oil is down 3.2% in May, its worst performance since December. Oil prices have traded in a tight range over the past month as inventories have stabilized, though soft economic data points t
Israel aims to boost Red Sea oil deliveries despite environmental risks
08:04am, Thursday, 30'th May 2024
Israel plans to allow more oil tankers to dock at a Red Sea port in Eilat despite environmental risks, as it strives to maintain energy security amid conflict on multiple fronts, according to Israeli
Oil prices sink as wider market selloff continues and traders await inventory data
07:31am, Thursday, 30'th May 2024
Oil futures fell Thursday, feeling pressure as equities and other assets perceived as risky extended a selloff and traders awaited official data on U.S. inventories.
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 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
