The benchmark crude WTI (CM:CL) has recorded modest gains this week, fueled by slight hopes of a Fed rate cut following ...
After a recent marginal recovery, oil is currently lurking around $85/barrel. However, that is unlikely to be enough for ...
Shares could be off to a positive start in Europe on Friday on renewed expectations for potential Fed rate cuts later this year. In Asia, stock benchmarks were mixed; Treasury yields were flat after ...
The pace of demand growth this year will have far-reaching implications for oil markets, impacting Opec-plus policy and ...
With Opec-plus production cuts due to expire in December and new targets needed for 2025, the thorny issue of baselines is ...
Russia’s oil storage capacity is limited. When a refinery is destroyed or damaged, therefore, extracted crude oil cannot ...
At the center of the scandal and the board ban is longtime Texas oil executive Scott Sheffield. While exploring Pioneer’s merger with ExxonMobil, the Federal Trade Commission uncovered what Fortune ...
Goldman Sachs analysts said Thursday they no longer expect OPEC+ to partially reverse recent voluntary production cuts in ...
May 8 (Reuters) - Russia cut its crude oil production by less than pledged last month, exceeding a target agreed on in March ...
As the tensions in the Middle East continued to escalate in early April, driven by the war premium, crude oil prices soared to over $90 per barrel.
The FTC has accused Scott Sheffield of colluding with OPEC. But this entire industry was built on price fixing in one form or ...
Mexican export cuts and a rerouting of Canadian output are shrinking already limited supplies of heavy crude in the Atlantic basin, driving up refiners' costs with a likely knock-on effect to ...