Oil traded near the highest level in almost 12 weeks after Saudi Arabia surprised the market Friday with a significant supply cut beyond what was agreed to with fellow OPEC+ members. […]
WTI and Brent crude oil prices finished lower Monday. […]
These two sources of energy are intrinsically linked, and together supply over 60 percent of U.S. and global energy. […]
Both WTI and Brent are up for the week, but only one of the benchmarks is up dramatically for the period. […]
The U.S. idled five oil rigs and added two gas rigs for a net loss of three rigs this week. […]
The U.S. saw a sharp decline in support activities for mining in November, according to data released Friday from the U.S. Bureau of Labor Statistics. […]
Halliburton has confirmed job cuts in Duncan, Oklahoma, just days after closing a facility in El Reno, Oklahoma. […]
OPEC+ will adjust its output target and redistribute production cuts between its members under pressure from Saudi Arabia. […]
Oil sputtered as the OPEC+ coalition failed to pin down the details of an agreement to adjust its official output target even after six hours of talks in Vienna. […]
Brent crude oil futures showed a meager gain Thursday, and West Texas Intermediate (WTI) posted no gain at all. […]
A seasonal increase in the number of US shale basin-based frac spreads has not materialized. […]
Saudi Arabia is offering fellow OPEC+ members a quid pro quo - If you stop cheating, we'll curb production. […]
Oil held its biggest surge in more than two months as signs of a potential U.S.-China deal and tightening American crude stockpiles bolstered prices ahead of the OPEC+ meeting. […]
OPEC reached an agreement that adjusts its official production targets, but removes few barrels from a market that's forecast to return to surplus early next year. […]
Fitch Solutions Macro Research has left its Brent crude price forecasts unchanged for the second time in a row. […]
OPEC member Iraq wants the cartel to raise existing production cuts. […]
Pirates boarded a fully loaded supertanker off the coast of Nigeria, and nineteen crew were kidnapped and remain missing. […]
OPEC and its allies sent mixed signals about whether they were considering deeper production cuts. […]
Royal Dutch Shell Plc won a court ruling preventing environmental protesters from boarding unmanned oil installations in the North Sea. […]
Rystad Energy outlined Tuesday that it sees three alternative OPEC+ decision scenarios. […]
