The Latest Breaking News from Oil

Asian giants are buying 1.5 million barrels a day from Russia – each

International Energy Agency’s expectation for 2023 is 2m bpd higher than last year’s figure

Gas prices are being hit by several factors causing them to tick up this spring.

May WTI crude oil (CLK23 ) on Thursday closed down -1.10 (-1.32%), and May RBOB gasoline (RBJ23 ) closed down -4.10 (-1.43%). Crude oil and gasoline prices Thursday posted moderate losses. Crude prices were under pressure after Thursday's larger-than-expected increase in weekly initial jobless claims intensified concerns that the U.S....

Check out my interview today on AgWeb's Markets Now, where I discussed corn, soybeans, wheat, crude oil, the weakening U.S. dollar, and skyrocketing cattle prices.

May NY world sugar #11 (SBK23 ) on Thursday closed down -0.01 (-0.04%), and May London white sugar #5 (SWK23 ) closed down -3.70 (-0.53%). Sugar prices Thursday gave up an early advance and closed slightly lower after a decline of more than -1% in crude oil prices (CLM23 )...

A massive sinkhole in the Southeast Texas town of Daisetta had been dormant since first appearing in 2008

Darren Woods’ pay is ‘reflective of record company earnings and stock price performance’, says oil firm

May WTI crude oil (CLK23 ) this morning is down -0.22 (-0.26%), and May RBOB gasoline (RBJ23 ) is down -2.17 (-0.76%). May Nymex natural gas (NGK23 ) is down -0.057 (-2.72%). Crude oil and gasoline prices this morning are moderately lower. Crude prices are under pressure after today's larger-than-expected...