Oil prices (USO) edged higher on Wednesday, despite a surprise increase in U.S. gasoline supplies, as investors remained concerned about the potential expansion of the Gaza conflict disrupting crude supplies...
Oil prices climbed, building on their biggest weekly advance since early April and extending a short-covering rally as traders bet on summer driving season. West Texas Intermediate (WTI) traded above $79...
Oil futures (USO) reduced their weekly losses after OPEC+ members reiterated that their plan to increase supply is conditional on market conditions. Brent crude futures were trading near $80 a barrel,...
Oil prices advanced as geopolitical tensions flared in the Middle East, with reports of Israeli tanks reaching the center of Rafah in Gaza and a vessel attack in the Red Sea. Brent crude traded above $83...
Oil prices (USO) rebounded on Wednesday after government data revealed a decline in U.S. stockpiles, signaling a tighter physical market. West Texas Intermediate (WTI) settled near $79 a barrel after crude...
The oil market is bracing for a surge in prices following Iran's recent drone and missile attack on Israel, the first such direct assault on Israeli soil, which has escalated tensions in the Middle East...
In its latest assessment of the global oil market, OPEC maintains a steady perspective on oil demand growth while adjusting its forecast for non-OPEC supply. The Vienna-based cartel, in its monthly report,...
In the current oil market, prices are maintaining a relative steadiness, influenced by conflicting forces. Brent crude hovers near $86 a barrel, showing little change after a significant drop fueled by...
The Organization of the Petroleum Exporting Countries (OPEC) maintained its global oil-demand growth projections while raising its economic forecast for this year, buoyed by falling inflation and expected...
Oil and gas giants are venturing into geothermal energy, leveraging their expertise and technology from the shale revolution to tap into clean, renewable power sources. Companies like Chevron(CVX), BP...