The United States will halt oil-reserve sales in order to fill its depleted stockpiles. This decision by the US Department of Energy comes as global…
Brent Crude
Oil going higher on Russian supply concerns in volatile trade
Oil settled nearly 1% higher on Thursday, paring earlier gains as the market focused on Russian oil supply concerns, rebounding Chinese demand, and as the…
UK won’t get Russian gas
British energy major Shell will not be able to buy Russian gas due to London’s anti-Russia sanctions, Dmitry Peskov, the press secretary of Russian President…
Oil rises toward $120 after Biden hints at tougher Russian energy sanctions
Oil keeps rising w/WTI soars to highest since 2008 as Russia invasion upends the market. A decision by OPEC+ to continue its plan to gradually…
Bigger Than Expected Crude Oil Draw in the U.S. Helps Oil Prices
Brent crude oil futures rose 69 cents, or 0.9%, to settle at $74.12 a barrel Global crude supplies might still increase after the OPEC+ negotiations…
Oil Prices Continue to Climb after Large Crude Draw
Oil Prices Continue Climb On Large Crude Draw. The American Petroleum Institute (API) on Tuesday reported a decrease of 4.785 million barrels of crude oil…
Brent Crude Falls to 17-Year Low
Crude crashed to its lowest in 17-years as virus lockdowns cascade through the world’s largest economies. The market has been roiled by cratering demand and…
Texas Oil Regulator trying to save the Oil industry from itself
Texas’ oil regulator which oversees the nation’s top oil-producing state might immediately force producers to curtail some of their output by shutting off existing wells,…
MASS LAYOFFS IN NORTH DAKOTA – TEXAS
John Kilduff, Again Capital founding partner, calls ‘Power Lunch’ to discuss oil plunging into the close and what’s behind the move. John Kilduff, CNBC contributor…
Brent crude was up $2.10, or 8%, at $26.98 a barrel
After getting tired of losing Market share to American oil Russia and Saudia Arabie are dumping oil at prices the market hasn’t seen the lowest…
The U.S. is preparing to start buying 77 million barrels of oil
The U.S. is preparing to start buying as much as 77 million barrels of oil for its emergency stockpiles within the next two weeks, an…
Oilfield Bust? Time to invest in oil?
The Oil industry is witnessing a major correction. Mass Layoffs and investment pull-back from oil majors are expected after Oil prices plunge because OPEC+ failed…
Stocks Plunge At Market Open, Dow Down 1800 Points
Trump says oil price plunge is ‘good for the consumer’ as he blames media, oil for stock drop. Investors continued to seek safer assets amid…
Goldman Sachs is now out with a dire warning: $20 a barrel oil.
Brent crude oil futures tanked as much as 31% to $31 a barrel on Sunday evening as Saudi Arabia ratcheted up pressure on Russia by…