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$165.99
-5.03 (-2.94%)
At Close: Jun 05, 2026
Oil storage rise supports case for keeping OPEC+ cuts, sources say
09:58am, Wednesday, 29'th May 2024
Rising global oil inventories through April due to soft fuel demand may strengthen the case for OPEC+ producers to keep supply cuts in place when they meet on June 2, OPEC+ delegates and analysts say.
Oil prices boosted as traders await OPEC+ decision on production cuts
06:44am, Wednesday, 29'th May 2024
Oil futures were on the rise early Tuesday, finding support as traders awaited a June 2 meeting of the Organization of the Petroleum Exporting Companies and its allies that's expected to see the group
Why a possible ConocoPhillips/Marathon Oil merger may be the last among the majors
03:48am, Wednesday, 29'th May 2024
With ConocoPhillips reportedly on the cusp of an all-stock deal to buy Marathon Oil Corp., the end of several years of consolidation among the industry's big players is nigh.
Growing armada shipping sanctioned oil burns dirty fuel in a setback for clean-up efforts
01:04am, Wednesday, 29'th May 2024
The growing shadow fleet of tankers transporting sanctioned Iranian, Venezuelan and Russian oil is filling up with the cheapest fuel available, hindering industry efforts to use cleaner fuel to cut sh
Oil rises as major producers expected to keep output cuts in place
08:50pm, Tuesday, 28'th May 2024
Oil prices rose on Wednesday on expectations major producers will maintain production cuts at a meeting this Sunday at the same time fuel consumption should begin rising with the start of the peak sum
Crude Oil Elliott Wave Analysis: Nearing Bearish Reversal?
07:03pm, Tuesday, 28'th May 2024
Crude oil futures appear to have begun the next big downward push which could persist into autumn or winter. On a faster time frame though, a minor upward retrace is probably due.
Oil outlook: Analyst talks price factors and demand
02:47pm, Tuesday, 28'th May 2024
A new bill called the NO FAKES (Nurture Originals, Foster Art, and Keep Entertainment Safe) Act from the US Senate is being proposed as backlash from the entertainment industry grows over the use of A
OPEC+ meeting: Here's what to expect
12:10pm, Tuesday, 28'th May 2024
Francisco Blanch, BofA Securities head of global commodity and derivatives research, joins 'Squawk on the Street' to discuss what to expect from OPEC this weekend, if Chinese oil demand is rising, and
U.S. crude oil gains more than 1% as market looks to OPEC+ meeting on production levels
08:49am, Tuesday, 28'th May 2024
Oil market analysts are broadly expecting OPEC+ to maintain its current production levels.
Exclusive: India's Reliance to buy Russian oil in roubles, sources say
07:35am, Tuesday, 28'th May 2024
India's Reliance Industries , operator of the world's biggest refining complex, has signed a one-year deal with Russia's Rosneft to buy at least 3 million barrels of oil a month in roubles, four sourc
Why financials and oil merit top spots in this award-winning fund manager's portfolio
06:52am, Tuesday, 28'th May 2024
Summer and the year's halfway mark is starting to swing into view for investors. And so far, it seems like persisting with stocks is a strategy that's working.
Oil prices bounce as traders look ahead to OPEC+ decision on production cuts
06:51am, Tuesday, 28'th May 2024
Oil futures were rising Tuesday, with traders looking for the Organization of the Petroleum Exporting Countries and its Russia-led allies to roll over voluntary production cuts into the third quarter
Saudi Arabia may cut July oil prices to Asia for first time in 5 months
05:05am, Tuesday, 28'th May 2024
Saudi Arabia, the world's biggest oil exporter, may cut prices for most crude grades it sells to Asia in July, the first cut in five months, as Middle East benchmarks and margins for Asian refiners ha
Norwegian oil companies further boost investments in 2024 and 2025
02:25am, Tuesday, 28'th May 2024
Norwegian oil and gas investments are expected to hit a record high this year and will remain strong in 2025, driven by a string of new developments as well as cost inflation, a national statistics of
Oil prices steady as investors await inflation data, OPEC+ meeting
09:04pm, Monday, 27'th May 2024
Oil prices were steady in early Asian trading on Tuesday as investors awaited inflation data to assess future U.S. monetary policy and the production policy decisions from the OPEC+ meeting on June 2.
