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Oil Price
Oil & Gas
Oilfield Services Receive A Major Boost As Oil Prices Rally
The steady and substantial climb in oil prices has led to more business for oilfield service providers and higher prices.
Energy Economy
Shell Considering Sale of Holdings in Largest U.S. Oil Field, Worth up to $10 billion
Oil giant Royal Dutch Shell is reviewing its holdings in the largest oil field in the United States for a possible sale as the company looks to focus on its mos
Oil & Gas
Mercuria Sees Opec+ Control Keeping Crude Around $70/bl
Crude prices are likely to stay at about $70/bl "for a while", as Opec+ will use some of its spare capacity and boost production if prices top $75/bl in order t
Oil & Gas
Oil Steadies After Hitting 2-yr High as Demand Hopes Face Supply Growth
Oil prices ended mostly unchanged on Monday, after hitting their highest levels in more than two years, as growing U.S. crude production and Britain's delayed C
Oil & Gas
Oil to Trade Between $68 and $75 in Second half of 2021 Amid Rising Demand, Iraq Minister Says
Crude prices have increased due to supportive Opec+ policies and growing demand as economies reopen
Oil & Gas
Oil Extends Advance Above $70 Amid Improving Demand Outlook
Oil extended gains above $70 a barrel after an industry report pointed to another draw in U.S. crude stockpiles, reinforcing optimism around the demand recovery
Oil & Gas
Oil Extends Gains, Trading Above $70 on Upbeat Outlook
Prices are expected to be elevated in the coming months as economies recover from Covid-19 pandemic, analysts say
Oil & Gas
New Iran Nuclear Deal May Completely Derail Oil Price Rally
The U.S. has agreed to a tentative removal of key sanctions in the oil, gas, petrochemicals and automotive sectors, plus some of those on Iran’s banking sector
Oil & Gas
Oil Prices Stay Firm As Demand to Outstrip Supply in H2
Oil prices climbed in early Asian trade on Monday, underpinned by the bright outlook for fuel demand growth in the next quarter, while investors looked ahead to
Oil & Gas
US Pump Prices Become Pressure Point for Biden
Rising gasoline prices heading into the summer are emerging as a political liability for President Joe Biden, as critics try to direct voter frustration about p
Oil & Gas
Oil Prices Rise on Potential Hitch in Iran Talks
Oil prices rose on Monday as a demand bump fueled by COVID-19 vaccination drives gave traders optimism that the market can absorb any Iranian oil that would com
Oil & Gas
Oil Prices Tumble As Crude Inventories Rise
Crude oil prices moved further down today after the Energy Information Administration reported a crude oil inventory build of 1.3 million barrels for the week t
Oil & Gas
Crude Prices Cross $70 per barrel as Western Economies Open
Portugal eased its border restrictions and opened for tourists from the UK and the EU earlier this week
Oil & Gas
Gasoline Prices hit $3 As Shortages Grow on U.S. Pipeline Outage
U.S. average gasoline prices exceeded $3 a gallon for the first time in more than six years amid growing shortages of fuel across the South and East while Colon
Oil & Gas
Oil Prices Set For Biggest Daily Drop Since Early April
Oil prices dropped by almost 3 percent on Thursday morning and were set for the biggest percentage drop since early April, after the restart of Colonial Pipelin
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