The Latest Breaking News from Oil

The company at the center of the settlement is called a “poster child” for state Oil and Gas Act reforms.

Due to consumer demand, crude oil can be a cyclical market. Cold weather brings on heating demand. Warmer weather brings on gasoline demand. Geopolitical factors often significantly impact oil prices that may or may not coincide with a seasonal pattern. Currently, it seems crude oil is experiencing all three of…

February WTI crude oil (CLG24 ) on Thursday closed down -0.33 (-0.44%), and Feb RBOB gasoline (RBG24 ) closed down -4.05 (-1.83%). Crude oil and gasoline prices on Thursday closed moderately lower. Crude prices were weighed down by negative carryover from Wednesday when the EIA reported an unexpected increase in...

Short on time, but never on style.

Positive forecasts from commodity analysts, supply disruption concerns, and expectations of oil prices due to OPEC+ actions converge to a potential upward shift in oil prices. With this in mind, which of the energy stocks, Exxon Mobil (XOM) and Delek US Holdings (DK), could yield better returns in 2024? Let's…

Oil minister says country ‘gains nothing’ from remaining in the group after disagreements emerge over production cuts.

February WTI crude oil (CLG24 ) this morning is down -0.66 (-0.89%), and Feb RBOB gasoline (RBG24 ) is down -4.33 (-1.96%). Crude oil and gasoline prices this morning are moderately lower. Crude prices today are weighed down by negative carryover from Wednesday when the EIA reported an unexpected increase...

Angola's departure from OPEC exposes the tensions with the oil cartel as it seeks to cut output to maintain prices just as the United States ramps up production.

The 70 year-old pipeline, which just won a key permit, poses “an unacceptable risk of an oil spill"

Angola says it’s leaving the OPEC oil producers cartel, coming after it battled with the group over lower production quotas this year

The Tamil Nadu government has fixed a total of ₹8.68 crore as relief fund for families and boats that were affected by the oil spill from industries, in Ennore during Cyclone Michaung.