The Latest Breaking News from Oil

Back-to-back blizzards in April led to one of the steepest ever monthly declines in North Dakota oil production.

NEW DELHI: The oil ministry on Wednesday said state-run fuel retailers have introduced night shifts at fuel depots for loading more tankers to speed up stock replenishment at petrol pumps, even as industry data showed petrol consumption spiking 54% and diesel nearly 48% in the first fortnight of June compared…

Rise in revenues is setback for west’s efforts to hit Russian economy in wake of Ukraine invasion

Nordic American Tankers (NAT) anticipates increased demand for their Suezmax tankers in the coming days since OPEC and Saudi Arabia decided to expand oil output by more than the previously projected 400,000 barrels. However, considering its lack of profitability and low-profit margins, would it be worth buying the stock now?…

Rising commodity prices and soaring demand for metals and materials should drive the performance of mining companies. Moreover, the digitization of various mining operations should bode well for the industry. Therefore, fundamentally sound mining stocks Rio Tinto Group (RIO), BHP Group Limited (BHP), Glencore plc (GLNCY), Vale S.A. (VALE), and…

In a letter to company heads, Biden says ‘historically high refinery profit margins’ are hurting US consumers.

Pennsylvania Options for Wellness, Inc. launched Rick Simpson Oil under its "Vytal Options" brand of products in its Pennsylvania-based dispensary locations. The development of this product was announced after PA Options for Wellness/"Vytal Options" saw an increase in demand for a competitively priced RSO product. directions.

Indonesian president names new trade minister after a three-week export ban sent shockwaves through global markets.

As U.S. president Joe Biden faces pressure over rising gasoline prices, he demanded oil companies explain why more gasoline is not in the market.