The Latest Breaking News from OPEC

January WTI crude oil (CLF25 ) Tuesday closed up +0.22 (+0.32%), and January RBOB gasoline (RBF25 ) closed up +0.0043 (+0.22%). Crude oil and gasoline prices posted modest gains on Tuesday. Crude prices rose Tuesday on carryover support from Monday when the Chinese government pledged to revive the economy, which...

January WTI crude oil (CLF25 ) today is up +0.62 (+0.91%), and January RBOB gasoline (RBF25 ) is up +0.0190 (+0.97%). Crude oil and gasoline prices today are moderately higher. Crude is climbing today on carryover support from Monday when the Chinese government pledged to revive the economy, which will...

January WTI crude oil (CLF25 ) Monday closed up +1.17 (+1.74%), and January RBOB gasoline (RBF25 ) closed up +0.0463 (+2.43%). Crude oil and gasoline prices rallied Monday in the hopes that additional stimulus measures by the Chinese government will boost energy demand in China, the world's second-largest crude consumer....

January WTI crude oil (CLF25 ) today is up +1.56 (+2.32%), and January RBOB gasoline (RBF25 ) is up +0.0508 (+2.66%). Crude oil and gasoline prices today are climbing in the hopes that additional stimulus measures by the Chinese government will boost energy demand in China, the world's second-largest crude...

U.S. oil production is expected to climb to 13.5 million barrels a day in 2025 from 13.2 million in 2024.

With the highly optimistic outlook for global oil demand and current market shifts, the energy industry is booming. Amid this backdrop, investors could buy solid energy stocks like Exxon Mobil (XOM), Chevron (CVX), and EOG Resources (EOG) for significant gains. Keep reading.

January WTI crude oil (CLF25 ) today is down -0.94 (-1.38%), and January RBOB gasoline (RBF25 ) is down -0.0255 (-1.32%). Crude oil and gasoline prices today are moderately lower, with crude posting a 2-1/2 week low and gasoline posting a 2-month low. A stronger dollar today is bearish for...

January WTI crude oil (CLF25 ) Thursday closed down -0.24 (-0.35%), and January RBOB gasoline (RBF25 ) closed down -0.0066 (-0.34%). Crude oil and gasoline prices posted moderate losses on Thursday. Crude prices fell as Thursday's weaker-than-expected global economic news signals stagnant fuel demand. A weaker dollar Thursday limited losses...

Crude oil prices are holding near $70 per barrel. Meanwhile, the incoming administration’s plans and the international oil cartel’s response could mean that prices will by significantly lower in 2025.

January WTI crude oil (CLF25 ) today is up +0.11 (+0.16%), and January RBOB gasoline (RBF25 ) is up +0.0023 (+0.12%). Crude oil and gasoline prices today recovered from early losses and turned higher as the dollar weakened. Gains in crude accelerated today after OPEC+ said it would delay the...

The OPEC+ group extends production cuts until 2026, with gradual increases and extended compensation period. Analysts view this as cautious market management.