Oil rises on tighter OPEC supply, US jobs data
Oil prices rose on Wednesday as supplies from Russia and OPEC members tightened while data showing an unexpected increase in U.S. job openings pointed to expanding economic activity and consequent growth in oil demand.
Crude Oil: Here's your trading strategy for January 9; target price & more
Brent crude was down around 1.2 per cent to $76.16/bbl, while US West Texas Intermediate crude fell around, or 1.05 per cent, to $73.47/bbl
Oil prices settle lower as U.S. crude supplies fall but product stocks rise
Oil futures settled with a loss on Wednesday after the U.S. Energy Information Administration reported that commercial crude inventories fell for a seventh straight week, but gasoline and distillate stockpiles climbed by more than 6 million barrels each.
Oil prices surge as OPEC supply drops, US crude stocks decline
Oil prices rose on Wednesday as supplies from Russia and OPEC members tightened while U.S. crude oil stocks fell last week, market sources said, citing American Petroleum Institute figures. Also supporting prices was an unexpected increase in U.
US oil futures rise after API reports much larger drop in US crude stocks
U.S. crude oil futures inched higher in post-settlement trading Tuesday after the American Petroleum Institute reported a larger-than-expected decline in weekly domestic crude stockpiles. Crude Oil WTI Futures,
Oil prices tick up after industry data shows fall in U.S. crude inventories
Oil futures were flat to slightly higher Wednesday, with investors awaiting official data on U.S. inventories after an industry report was said to show a large drop in crude stocks but significant increases in gasoline and distillates.
Oil prices down on US fuel stocks build, dollar strength
Oil prices fell more than 1% on Wednesday as a stronger dollar and large builds in U.S. fuel inventories last week pressured prices, reversing earlier gains driven by tightening supplies from Russia and other OPEC members.
Oil trims gains on dollar strength, tight supplies provide support
Oil prices trimmed earlier gains on Wednesday as the dollar strengthened but continued to find support from a tightening of ...
OPEC Output Dips in December as UAE Improves Delivery of Cuts
OPEC’s crude production dipped last month as the United Arab Emirates stepped up implementation of supply cutbacks aimed at ...
Rigzone22h
Brent Oil is at the Mercy of OPEC+, SEB Analyst Warns
Brent crude is totally at the mercy of OPEC+, but the group will stay the course through 2025. That’s what Bjarne Schieldrop, ...
Oil prices extend losses on rising U.S. fuel inventories
Oil prices fell on Thursday, extending losses from the previous day, pressured by large builds in U.S. fuel inventories last ...
Oil Averaging $65 in ‘25 to Keep OPEC+ Under Pressure, BofA Says
International benchmark Brent crude will average $65 a barrel this year as new oil production from non-OPEC countries ...
Crude Oil Prices9h
Standard Chartered: U.S. Oil Production Growth To Decline In 2025
Standard Chartered: the slowdown in U.S. oil production growth is set to continue in 2025 and 2026. Standard Chartered: the U ...
اخبار 242d
OPEC output down in December
OPEC's production declined in December 2024, as the UAE scaled up implementation of supply cutbacks aimed at buoying global ...
AllAfrica.com17h
West Africa: Nigeria Finally Meets Opec Quota, Lokpobiri Credits Tinubu for Increased Oil Output
Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell Plc, recently announced a $5 billion Final Investment Decision (FID) on Bonga North, a deep-water project off ...
Crude Oil Prices1d
Russia Claims Compliance With OPEC+ Oil Output Cuts in December
Russia's crude oil production fell below its OPEC+ quota in December, raising concerns about its ability to meet future ...
Five questions looming over the energy sector in 2025
Countries will grapple with a bearish oil market, rising power demand and crises that challenge their climate pledges ...