The Latest Breaking News from OPEC

Tight supplies due to production cuts and the expected rise in oil and gas demand drive oil and gas prices, benefiting oil and gas companies. Given this backdrop, it could be wise to buy fundamentally strong oil and gas stocks BP p.l.c (BP), Eni (E), and Koninklijke Vopak (VOPKY). Read…

December WTI crude oil (CLZ23 ) on Wednesday closed down -2.04 (-2.64%), and Dec RBOB gasoline (RBZ23 ) closed down -0.0392 (-1.81%). Crude oil and gasoline prices Wednesday extended Tuesday's sharp losses, with crude falling to a 3-1/2 month low and gasoline dropping to a 10-1/2 month low. A weaker...

December WTI crude oil (CLZ23 ) this morning is down -1.43 (-1.85%), and Dec RBOB gasoline (RBZ23 ) is down -0.0227 (-1.05%). Crude oil and gasoline prices this morning extended Tuesday's sharp losses, with crude falling to a 3-1/2 month low and gasoline dropping to a 10-1/2 month low. A...

December WTI crude oil (CLZ23 ) on Tuesday closed down -3.45 (-4.27%), and Dec RBOB gasoline (RBZ23 ) closed down -0.0682 (-3.05%). Crude oil and gasoline prices Tuesday sold off sharply, with crude dropping to a 3-1/2 month low and gasoline sliding to a 4-week low. A stronger dollar on...

December WTI crude oil (CLZ23 ) this morning is down -2.44 (-3.02%), and Dec RBOB gasoline (RBZ23 ) is down -0.0593 (-2.65%). Crude oil and gasoline prices this morning are sharply lower, with crude falling to a 2-1/2 month low and gasoline sliding to a 4-week low. A stronger dollar...

December WTI crude oil (CLZ23 ) on Monday closed up +0.31 (+0.39%), and Dec RBOB gasoline (RBZ23 ) closed up +0.0349 (+1.59%). Crude oil and gasoline prices on Monday closed moderately higher after Saudia Arabia and Russia reaffirmed they will keep their crude production cuts in place through the end...

December WTI crude oil (CLZ23 ) this morning is up +1.03 (+1.28%), and Dec RBOB gasoline (RBZ23 ) is up +0.0392 (+1.78%). Crude oil and gasoline prices this morning are moderately higher after Saudia Arabia and Russia reaffirmed they will keep their crude production cuts in place through the end...

The energy sector's outlook remains positive, with rising oil prices fuelled by scarce supplies and strong global demand. So, fundamentally strong energy stocks Shell (SHEL), Energy Transfer (ET) and TotalEnergies (TTE) might be solid buys. Read on.

Crude oil prices have been highly volatile. Winter is an off-season for crude oil because gasoline demand declines as drivers put less mileage on automobiles. Meanwhile, the geopolitical landscape and the level of the U.S. Strategic Petroleum Reserve remain compelling reasons for a higher low in the oil futures market…

The escalating endeavors in oil and gas exploration to cater to the world's rising energy needs are projected to keep the energy services industry afloat in the foreseeable future. Therefore, investing in fundamentally strong energy services stocks Liberty Energy (LBRT), ChampionX Corporation (CHX), and NOW Inc. (DNOW), displaying promising gains,…

Exxon Mobil bought Pioneer Resources, Chevron scooped up Hess: the biggest industry deals in more than 20 years. What does it tell us?