The Latest Breaking News from IEA

Given soaring oil and gas demand alongside supply limitations, the energy sector is poised for robust growth, potentially leading to an uptick in energy prices in the near future. To that end, quality energy stocks Phillips 66 (PSX), Weatherford International plc (WFRD), and ChampionX Corporation (CHX) with skyrocketing gain potential…

World’s fossil-fuel producers on track to nearly quadruple output from newly approved projects by decade’s end, report finds

May WTI crude oil (CLK24 ) today is down -0.57 (-0.70%), and May RBOB gasoline (RBK24 ) closed down -1.70 (-0.63%). Crude oil and gasoline prices are moderately lower as a stronger dollar weighs on energy prices. Also, technical selling is weighing on crude as prices neared overbought levels after...

Republican leaders in Congress investigate the International Energy Agency for straying from energy security mission and favoring decarbonization policies.

April WTI crude oil (CLJ24 ) on Wednesday closed down -1.79 (-2.14%), and Apr RBOB gasoline (RBJ24 ) closed down -2.90 (-1.05%). Crude oil and gasoline prices posted moderate losses on Wednesday. An early rally in the dollar index Wednesday to a 2-1/2 week high pressured energy prices. Also, technical...

April WTI crude oil (CLJ24 ) this morning is down -1.77 (-2.12%), and Apr RBOB gasoline (RBJ24 ) is down -3.75 (-1.36%). Crude oil and gasoline prices this morning are moderately lower. Today's rally in the dollar index (DXY00 ) to a 2-1/2 week high is pressuring energy prices. Also,...

Executives at Texas summit claim clean-energy transition is failing and say world should ‘abandon the fantasy’ of fossil-fuel phaseout

April WTI crude oil (CLJ24 ) on Tuesday closed up +0.75 (+0.91%), and Apr RBOB gasoline (RBJ24 ) closed up +0.49 (+0.18%). Crude oil and gasoline prices Tuesday closed higher with crude climbing to a 4-1/2 month high and gasoline posting a 6-month high. Ukrainian drone attacks on Russian refineries...

April WTI crude oil (CLJ24 ) this morning is up +0.59 (+0.71%), and Apr RBOB gasoline (RBJ24 ) is down -0.52 (-0.19%). Crude oil and gasoline prices today are mixed, with crude climbing to a 4-1/2 month high. Ukrainian drone attacks on Russian refineries over the weekend damaged several Russian...