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Read more about the article Oil settles up on distillate strength, supply concerns
My View Following Saved May 2, 2022 3:47 PM EDT Last Updated 21 hours ago Oil settles up on distillate strength, supply concerns By Laura Sanicola3 minute read Storage tanks at Marathon Petroleum's Los Angeles Refinery in Carson, California, U.S. Storage tanks are seen at Marathon Petroleum's Los Angeles Refinery, which processes domestic & imported crude oil into California Air Resources Board (CARB), gasoline, diesel fuel, and other petroleum products, in Carson, California, U.S., March 11, 2022. Picture taken with a drone. REUTERS/Bing Guan/Files

Oil settles up on distillate strength, supply concerns

Storage tanks are seen at Marathon Petroleum's Los Angeles Refinery, which processes domestic & imported crude oil into California Air Resources Board (CARB), gasoline, diesel fuel, and other petroleum products,…

Continue ReadingOil settles up on distillate strength, supply concerns

Oil falls 3% as investors focus on weak China economic activity

Price action West Texas Intermediate crude for June delivery CL.1, -3.76% CL00, -3.74% CLM22, -3.73% slumped $3.95, or 3.8%, to $100.74 a barrel on the New York Mercantile Exchange.July Brent crude BRN00, -3.29% BRNN22, -3.41%, the global benchmark, dropped $3.82, or 3.5%,…

Continue ReadingOil falls 3% as investors focus on weak China economic activity
Read more about the article Oil prices jump again as EU considers Russian oil ban
FILE PHOTO: A view of the Phillips 66 Company's Los Angeles Refinery (foreground), which processes domestic & imported crude oil into gasoline, aviation and diesel fuels, and storage tanks for refined petroleum products at the Kinder Morgan Carson Terminal (background), at sunset in Carson, California, U.S., March 11, 2022. Picture taken March 11, 2022. Picture taken with a drone. REUTERS/Bing Guan

Oil prices jump again as EU considers Russian oil ban

A view of the Phillips 66 Company's Los Angeles Refinery (foreground), which processes domestic & imported crude oil into gasoline, aviation and diesel fuels, and storage tanks for refined petroleum…

Continue ReadingOil prices jump again as EU considers Russian oil ban
Read more about the article Oil and gas prices soar as turmoil from Russia’s Ukraine attack intensifies
Despite the soaring price, the Opec oil cartel and its allies are likely to stick to modest plans for output rises when they meet later on Wednesday. Photograph: Pascal Rossignol/Reuters

Oil and gas prices soar as turmoil from Russia’s Ukraine attack intensifies

Barrel of Brent crude moves past $111, while price of petrol at UK forecourts has hit 151.67p The Guardian: Oil and gas prices are soaring, with prices at UK petrol…

Continue ReadingOil and gas prices soar as turmoil from Russia’s Ukraine attack intensifies
Read more about the article Oil breaks $90/bbl for the first time since 2014 on Russia tensions
Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. Picture taken March 24, 2016. REUTERS/Nick Oxford//File Photo

Oil breaks $90/bbl for the first time since 2014 on Russia tensions

Reuters – U.S.' Blinken assures global energy supply won't be disrupted Biden threatens sanctions on Putin over any Ukraine invasion U.S. crude, gasoline stocks build, even as fuel demand surges…

Continue ReadingOil breaks $90/bbl for the first time since 2014 on Russia tensions
Read more about the article U.S. crude stockpiles fall to lowest levels since October 2018, gasoline inventories surge: EIA

U.S. crude stockpiles fall to lowest levels since October 2018, gasoline inventories surge: EIA

Jan 12 (Reuters) - U.S. crude oil stockpiles fell more than expected to their lowest levels since October 2018, but gasoline inventories surged due to weak demand, the Energy Information…

Continue ReadingU.S. crude stockpiles fall to lowest levels since October 2018, gasoline inventories surge: EIA
Read more about the article Oil price drops 10% in biggest one-day fall since early days of pandemic
The sudden drop in global oil prices also wiped value from the UK’s largest listed oil and gas companies. Photograph: Jacob Ford/AP

Oil price drops 10% in biggest one-day fall since early days of pandemic

  The sudden drop in global oil prices also wiped value from the UK’s largest listed oil and gas companies. Photograph: Jacob Ford/AP Jillian Ambrose Energy correspondent Fri 26 Nov 2021 07.22…

Continue ReadingOil price drops 10% in biggest one-day fall since early days of pandemic