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The Latest Breaking News from OPEC

Iraq’s overreliance on oil threatens economic, political strife

More than 90 percent of Iraq’s government revenue comes from oil, leaving the country hostage to global prices.

Crude Rallies on Strength in the US Economy

Crude Rallies on Strength in the US Economy

May WTI crude oil (CLK24 ) this morning is up +1.23 (+1.51%), and May RBOB gasoline (RBK24 ) is up +2.94 (+1.10%). Crude and gasoline prices this morning are moderately higher, with crude climbing to a 1-week high. Today's mostly stronger-than-expected US economic reports signal strength in the economy that...

3 Energy Stocks Set to Soar Beyond Expectations

3 Energy Stocks Set to Soar Beyond Expectations

Given the geopolitical tensions, increasing global oil demand, and supply adjustments, the energy sector is poised for robust growth. Therefore, investors might consider investing in energy stocks TechnipFMC (FTI), Weatherford International (WFRD), and ChampionX (CHX), which are poised to exceed expectations. Keep reading….

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Crude Prices Fall on Bearish Weekly EIA Report

May WTI crude oil (CLK24 ) on Wednesday closed down -0.27 (-0.33%), and May RBOB gasoline (RBK24 ) closed down -1.34 (-0.50%). Crude and gasoline prices on Wednesday posted mild losses, with gasoline falling to a 1-1/2 week low. A stronger dollar on Wednesday was bearish for energy prices. Also,...

Crude Prices Fall after EIA Crude and Gasoline Inventories Unexpectedly Climb

May WTI crude oil (CLK24 ) this morning is down -0.27 (-0.33%), and May RBOB gasoline (RBK24 ) is down -2.39 (-0.89%). Crude and gasoline prices this morning are moderately lower, with gasoline falling to a 1-1/2 week low. A stronger dollar today is bearish for energy prices. Also, today's...

Dollar Strength and Increased Russian Fuel Exports Undercuts Crude

May WTI crude oil (CLK24 ) on Tuesday closed down -0.33 (-0.40%), and May RBOB gasoline (RBK24 ) closed down -4.31 (-1.58%). Crude and gasoline prices on Tuesday closed moderately lower, with gasoline falling to a 1-week low. A stronger dollar (DXY00 ) Tuesday weighed on energy prices. Also, an...

3 Energy Stocks Setting up for Market Dominance

The energy industry is set for strong growth due to geopolitical tensions, rising global oil demand, and supply adjustments. Therefore, investors could consider buying energy stocks Valero Energy (VLO), Graham (GHM), and Gulf Island Fabrication (GIFI), which are well-positioned to deliver market-beating returns. Keep reading….

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Crude Slightly Lower on Dollar Strength and Increased Russian Fuel Exports

Crude Slightly Lower on Dollar Strength and Increased Russian Fuel Exports

May WTI crude oil (CLK24 ) this morning is down -0.19 (-0.23%), and May RBOB gasoline (RBK24 ) is down -3.53 (-1.29%). Crude and gasoline prices this morning are moderately lower, with gasoline falling to a 1-week low. A stronger dollar today is bearish for energy prices. Also, an increase...

Crude Closes Higher on the Outlook for OPEC+ to Maintain Production Cuts

Crude Closes Higher on the Outlook for OPEC+ to Maintain Production Cuts

May WTI crude oil (CLK24 ) on Monday closed up +1.32 (+1.64%), and May RBOB gasoline (RBK24 ) closed up +1.14 (+0.42%). On Monday, crude oil and gasoline prices posted moderate gains on a weaker dollar. Crude oil prices are also seeing support from expectations that global crude supplies will...

Crude Oil Gains on the Outlook for OPEC+ to Maintain Production Cuts

Crude Oil Gains on the Outlook for OPEC+ to Maintain Production Cuts

May WTI crude oil (CLK24 ) this morning is up +1.42 (+1.46%), and May RBOB gasoline (RBK24 ) is up +1.92 (+0.71%). Crude oil and gasoline prices today are trading higher on a weaker dollar. Crude oil prices are also seeing support from expectations that global crude supplies will remain...

Crude Oil Prices Undercut by a Stronger Dollar

Crude Oil Prices Undercut by a Stronger Dollar

May WTI crude oil (CLK24 ) on Friday closed down -0.44 (-0.54%), and May RBOB gasoline (RBK24 ) closed up +0.48 (+0.08%). Crude oil and gasoline prices on Friday settled mixed. Energy prices Friday were under pressure from a rally in the dollar index to a 5-week high. Energy prices...

Crude Oil Prices Pressured by Dollar Strength

Crude Oil Prices Pressured by Dollar Strength

May WTI crude oil (CLK24 ) this morning is down -0.23 (-0.28%), and May RBOB gasoline (RBK24 ) is up +0.22 (+0.08%). Crude oil and gasoline prices this morning are mixed. Energy prices are under pressure from the rally in the dollar index to a 5-week high. Losses in crude...

3 Energy Stocks Surging Towards Profitability

3 Energy Stocks Surging Towards Profitability

The energy industry is poised for robust growth due to increasing global demand for oil amid supply cuts and potential production disruptions. This trend creates opportunities for investment across the sector. Therefore, investors could consider buying fundamentally strong energy stocks such as Phillips 66 (PSX), Cheniere Energy (LNG), and Western…

Crude Prices Fall Back as the Dollar Strengthens

Crude Prices Fall Back as the Dollar Strengthens

May WTI crude oil (CLK24 ) on Thursday closed down -0.25 (-0.31%), and May RBOB gasoline (RBK24 ) closed down -0.71 (-0.26%). Crude oil and gasoline prices Thursday settled moderately lower as a stronger dollar (DXY00 ) undercut energy prices. Also, technical selling weighed on crude as prices neared overbought...

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Crude Prices Under Pressure From a Stronger Dollar

May WTI crude oil (CLK24 ) today is down -0.57 (-0.70%), and May RBOB gasoline (RBK24 ) closed down -1.70 (-0.63%). Crude oil and gasoline prices are moderately lower as a stronger dollar weighs on energy prices. Also, technical selling is weighing on crude as prices neared overbought levels after...

Crude Prices Retreat on Technical Selling

April WTI crude oil (CLJ24 ) on Wednesday closed down -1.79 (-2.14%), and Apr RBOB gasoline (RBJ24 ) closed down -2.90 (-1.05%). Crude oil and gasoline prices posted moderate losses on Wednesday. An early rally in the dollar index Wednesday to a 2-1/2 week high pressured energy prices. Also, technical...

Crude Prices Retreat on Dollar Strength

April WTI crude oil (CLJ24 ) this morning is down -1.77 (-2.12%), and Apr RBOB gasoline (RBJ24 ) is down -3.75 (-1.36%). Crude oil and gasoline prices this morning are moderately lower. Today's rally in the dollar index (DXY00 ) to a 2-1/2 week high is pressuring energy prices. Also,...

Crude Settles Higher on Tighter Global Oil Supplies

April WTI crude oil (CLJ24 ) on Tuesday closed up +0.75 (+0.91%), and Apr RBOB gasoline (RBJ24 ) closed up +0.49 (+0.18%). Crude oil and gasoline prices Tuesday closed higher with crude climbing to a 4-1/2 month high and gasoline posting a 6-month high. Ukrainian drone attacks on Russian refineries...

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news in one place.

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Crude Prices Underpinned by Tighter Global Supplies

April WTI crude oil (CLJ24 ) this morning is up +0.59 (+0.71%), and Apr RBOB gasoline (RBJ24 ) is down -0.52 (-0.19%). Crude oil and gasoline prices today are mixed, with crude climbing to a 4-1/2 month high. Ukrainian drone attacks on Russian refineries over the weekend damaged several Russian...

Oil Prices Surge To 5-Month High Amid Geopolitical Tensions

Oil futures surge to five-month high on Ukrainian attacks, supply disruptions, and positive demand indicators from China, the U.S., and India.

Crude Ends Higher on Strong Chinese Demand and Drone Attacks on Russian Refineries

April WTI crude oil (CLJ24 ) on Monday closed up +1.68 (+2.07%), and Apr RBOB gasoline (RBJ24 ) closed up +3.86 (+1.43%). Crude oil and gasoline prices on Monday moved higher, with crude posting a 4-1/2 month high and gasoline posting a 5-month high. Signs of strength in Chinese crude...

Crude Rallies on Strong Chinese Demand and Drone Attacks on Russian Refineries

April WTI crude oil (CLJ24 ) this morning is up +1.03 (+1.27%), and Apr RBOB gasoline (RBJ24 ) is up +3.42 (+1.26%). Crude oil and gasoline prices are trading sharply higher, with crude posting a 4-1/4 month high and gasoline posting a 5-month high. Signs of strength in Chinese crude...

Crude Prices Pressured by a Stronger Dollar

April WTI crude oil (CLJ24 ) on Friday closed down -0.22 (-0.27%), and Apr RBOB gasoline (RBJ24 ) closed up +1.75 (+0.65%). Crude oil and gasoline prices on Friday settled mixed, with gasoline climbing to a 5-3/4 month high. Friday's rally in the dollar index to a 1-week high was...

Crude Prices Slip on Dollar Strength

April WTI crude oil (CLJ24 ) this morning is down -0.12 (-0.16%), and Apr RBOB gasoline (RBJ24 ) is up +0.50 (+0.18%). Crude oil and gasoline prices this morning are mixed, with gasoline climbing to a 5-3/4 month high. Today's rally in the dollar index to a 1-week high is...

IEA Raises Oil Demand Outlook, Still Behind OPEC

IEA revises global oil demand forecast, showing an increase but still lower than OPEC's. Both organizations are crucial for energy market analysis.

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