Crude prices fell to levels not seen in 3 months during this holiday-shortened trade week as any bullish support fell sway to several bearish signs. WTI’s high for the week was Tuesday’s $66.05/bbl as ...
Crude futures climbed Wednesday as heightened geopolitical tensions outweighed bearish U.S. stockpile data. The Energy Information Administration reported crude inventories rose by 3.9 million barrels ...
ConocoPhillips is implementing a reorganization, reducing its workforce by 20-25% to cut costs amid declining oil prices and rising expenses, with most layoffs occurring before yearend. ConocoPhillips ...
It’s the end of the strongest oil demand season of the year, and Denton Cinquegranna, Chief Oil Analyst at OPIS, joins Barron’s Laura Sanicola to discuss the current state of oil markets. Donald Trump ...
OPEC+ has announced an agreement for a modest production boost in October, defying warnings from Wall Steet. The alliance hopes that a further increase in sales volumes will offset any hit to revenues ...
Oil prices defied doubters all summer, staying elevated despite a growing risk of oversupply. But the market can’t outrun reality forever. Oil production is on track to grow by 2.5 million barrels a ...
HOUSTON, Sept 5 (Reuters) - Oil prices fell on Friday as a weak U.S. jobs report dimmed the outlook for energy demand, while swelling supplies may grow further after OPEC and allied producers meet ...
A flurry of bets on Brent crude falling below $60 a barrel this year changed hands in recent days, a sign investors are hedging against the risk of another large production hike from OPEC and its ...
October WTI crude oil (CLV25) is down -1.91 (-3.01%), and October RBOB gasoline (RBV25) is down -0.0576 (-2.87%). Crude oil and gasoline prices are sharply lower after a report that Saudi Arabia wants ...
Hugh Cameron is Newsweek U.S. news reporter based in London, U.K. with a focus on covering American economic and business news. Hugh joined Newsweek in 2024, having worked at Alliance News Ltd where ...
Oil declined on concerns that OPEC+ will once again bolster supply at a meeting on Sunday, compounding fears of higher volumes later in the year. West Texas Intermediate futures fell 0.8% to settle ...
Oil prices were falling again on Thursday, with OPEC+ set to meet this weekend. The cartel is considering pumping out more crude, Reuters reported Wednesday, citing people familiar with the ...
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