Oil Prices Surge To 6-Month Highs Amid Geopolitical Tensions, Supply Threats
Rising tensions in the Middle East and Eastern Europe contribute to a significant surge in oil prices, reaching levels not seen in six months.
US Oil Stockpile To Be Refilled This Year: Energy Secretary
The United States plans to refill its strategic oil reserve by the end of 2024 after the stockpiles reached historic lows last year, Energy Secretary Jennifer Granholm said Monday.
Oil Prices Rise Over 1% As OPEC+ Decision Looms Amid Geopolitical Strain
Oil prices rose over 1% on Friday ahead of an OPEC+ decision on production cuts, driven by market expectations of supply constraints and geopolitical tensions in the Middle East.
Middle East Tensions Fail To Spur Significant Movement In Oil Prices
Israel's rejection of Hamas' ceasefire proposal and its commitment to continue attacks in Rafah influenced last week's rise in oil prices.
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California's Green Drive Leaves Its Oil Towns Behind
Fred Holmes watches with satisfaction as pumps pull oil from deep under his California farm, tapping a supply he thinks could last another century.
OPEC+ Weighs Fresh Production Cuts To Rein In Weak Prices
There are growing signs that major oil producers led by Saudi Arabia and Russia are considering slashing production further when they meet on Sunday in a bid to prop up prices.
Oil Falls As US Holds Off Refilling Strategic Reserve
Oil prices fell Friday, extending the previous day's losses, on worries about potential oversupply after U.S. Energy Secretary Jennifer Granholm said refilling the country's Strategic Petroleum Reserve may take several years.
Saudi Aramco Benefits From Russia-Ukraine War, Posts 'Record' $161 Billion Profit
An expert said Saudi Aramco's historic profit is unsurprising given that the previous year saw higher energy prices exacerbated by the Russia-Ukraine war.
At Davos, Saudi Arabia Says Curbing Oil Dependency A Priority
At Davos, Saudi Arabia says curbing oil dependency a priority
Russia-Ukraine War, Fracking Turn America Into The World's 4th Largest Crude Oil Exporter
The improvement in the U.S. trade balance that followed the surge of energy exports is a mixed blessing for the U.S. economy.
Oil Jumps More Than 3% As OPEC+ Mulls Cuts Of Up To 1 Million Bpd
Oil prices jumped more than 3% in early Asian trade on Monday as OPEC+ considers cutting output of up to 1 million barrels per day at a meeting this week to support the market.
US Crude Oil Price Hits 13-Year High, Will Keeping Surging In 'Jarring Fashion'
As of Sunday evening, crude oil is trading for over $125 to $128 a barrel.
Gas Prices In LA Hit 9-Year High At $4.42; US Average To Eclipse $3.30
The national average for gas prices is now at $3.22 per gallon.
Global Oil Demand Will Drop Even More Than Previously Expected, IEA Predicts
A renewed wave of COVID-19 is expected to further pressure demand
Friday’s Stock Market Open: US Equities Rebound From Thursday’s Massive Selloff
U.S. stocks rose on Friday following an 1,860-point plunge in Dow on Thursday
OPEC, Russia May Extend Output Cuts To Support Crude Prices, But Timeline Uncertain
However, Saudi Arabia and Russia have not agreed on a timeline for cuts
Top Singapore Oil Trader Cooked Books For Years, Owes Banks Billions
Hin Leong, one of the largest oil traders in the world, hid some $800 million in losses
Friday's Stock Market Close: US Equities Drop As Huge Job Cuts In March Portend Grimmer Future
U.S. stocks fell on Friday as the U.S. lost more than 700,000 jobs in March.
Thursday's Stock Market Close: US Equities Rise On Hopes Russia-Saudi Oil Price War Ends, But Jobless Claims Spike
U.S. stocks rose on Thursday as oil prices surge, although more than 6.6 million people filed jobless claims last week
Wednesday's Stock Market Close: US Equities Plunge, Second Quarter Begins On The Wrong Foot
U.S. stocks dropped on Wednesday to start a second quarter after an unprecedented first quarter
Tuesday's Stock Market Close: US Equities Drop To Finish Unforgettable Quarter Of Extreme Volatility
U.S. stocks fell on Tuesday to close out a historically volatile first quarter.
Shell Pulls Out Of US LNG Project, Cuts Other Spending Amid Plunging Energy Prices
Shell is cutting costs left and right as it deals with falling energy prices
Monday's Stock Market Close: US Equities Surge To Extend Last Week’s Rally, But Oil Plunges
U.S. stocks closed higher on Monday after a volatile rally in the prior week.
Wednesday's Stock Market Close: US Equities Finish Mixed On Bernie Sanders' Threat To Hold Up Stimulus Bill
U.S. stocks soared on Wednesday after lawmakers’ agreed on a stimulus bill, but then fizzled after Sanders threatened to hold up package.
Tuesday's Stock Market Close: US Equities Skyrocket, Dow Soars 2,100 Points, On Hopes For New Stimulus Bill
The Dow recorded its largest one-day gain since 1933.
Falling Crude Prices Will Hurt Developing Country Oil Producers
OPEC-IEA said low oil prices will hurt the economies of oil producers that are not yet high-income states
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