One of the biggest misconceptions in the oil market is the perceived growth in non-OPEC+ oil supplies moving forward, ...
Oil prices rallied nearly 3% to their highest in three months on Friday as traders braced for supply disruptions from the ...
President Joe Biden's move to protect offshore areas is largely symbolic, but the economic factors that may limit oil output ...
Friday closed up +2.65 (+3.58%), and February RBOB gasoline (RBG25) closed up +0.0466 (+2.30%). Crude and gasoline prices ...
While the OPEC+ cartel of oil-producing countries has restricted output since the start of last year, non-OPEC nations like ...
Year-over-year, U.S. oil production rose 2.3% in October, while West Texas Intermediate crude futures prices CLc1 averaged 16% lower during the month, according to Reuters calculations.
The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday ...
Donald Trump’s gleeful “Drill, baby, drill” pledge chimes with the idea of weaponising America’s status as the world’s ...
The move is considered mostly symbolic, as it will not impact areas where oil and gas development is currently underway, and ...
Biden administration officials say the sanctions are being imposed now because they are not likely to add to inflation ...