China’s CNOOC reported record oil and gas production from a field called Deep Sea #1. The field was the company’s first ultra ...
Oil prices dipped below trendline support, signaling short-term weakness. Key levels at $72.32 and $70.03 could determine the next move.
Oil futures edged higher in early Asian trade. Brent crude oil was consolidating around the $77/bbl level amid continued uncertainty over whether OPEC will align its policies with Trump’s desire for ...
The move to redirect some crude oil initially allocated for export may increase the oil and gas trade deficit, experts warn, ...
Crude oil futures posted modest gains Tuesday, following U.S. benchmark stock indexes in recovering part of the previous ...
During the early hours of Thursday trading, though crude oil market looks as if it is trying to find some type of base at a couple of major support levels.
Crude oil consumption and imports are projected to increase further due to increased demand for petroleum fuels and products.
Oil prices fell Wednesday, with WTI settling at its YTD low, after U.S. crude stockpiles rose more than expected last week as exports fell and refineries lowered their capacity use. Domestic crude oil ...
Oil traders hold a record position in a contract that lets them bet on the price difference between Middle Eastern crude and ...
Oil prices slipped for a second day on Thursday after U.S. crude stockpiles rose more than expected, though attention ...
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