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%,…
A pump jack operating in an oil field in Midland, Texas, July 29, 2020. A Texas law aims to punish investment firms that divest from fossil fuels.Tony Gutierrez/AP Ivan Frishberg…
Russia is the world’s second highest exporter of crude oil after Saudi Arabia. In 2019, 48 countries bought Russian crude oil worth $123bn. Oil prices have surged following Russia’s invasion…
Reuters: A GOI company truck is seen next to fuel pumps at a Cepsa petrol station in Cuevas del Becerro, Spain, November 29, 2021. REUTERS/Jon Nazca/File Photo NEW YORK, Jan…
Highlights Figure HL1. Crude oil and petroleum product wholesale prices Crude oil November monthly average crude oil prices mostly retreated from the long-term high levels seen in October data. The…
LONDON, Jan 25 (Reuters) - Oil prices bounced back on Tuesday, recovering some of the previous day's losses, as growing tension in Eastern Europe and the Middle East fueled concerns…
American consumers will drive less this year and will look to make fewer shopping trips due to the high gasoline prices and high inflation rates, Target Corporation’s chief executive…
Enbridge Inc. and the state of Michigan are renewing their legal hostilities over the future of the controversial Line 5 pipeline — and their latest court battle looks an awful lot…
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…
***** FOR IMMEDIATE RELEASE January 11, 2022 EIA expects annual U.S. crude oil production to surpass pre-pandemic levels in 2023 The U.S. Energy Information Administration (EIA) forecasts that U.S. oil…