Oil

SlavkoSereda/iStock via Getty Images OPEC maintained its forecast for more strong growth in global oil demand in 2024, while expecting a significant increase in oil use in 2025, led by China and the Middle East. The outlook for 2025…

Crude Oil Price, Analysis and ChartsCrude prices shed more than a dollar after the China dataThe market faces multiple uncertainties, as its pricing reflectsNear-term falls look more likely.Crude oil prices fell by more than a dollar per…

Brandon Bell/Getty Images News The global oil market could be heading for a supply crunch starting in 2025 if exploration activities continue to fail to keep up with demand, Occidental Petroleum (NYSE:OXY) CEO Vicki Hollub said Tuesday…

Singapore December non oil domestic exports (NODX) -2.8% m/m -1.5% expected, +0.3% priorFor the y/y -1.5%expected +3.3%, prior +1%--Singapore Non-oil Domestic Exports (NODX) measures the value of goods exported from Singapore excluding oil…

The weekly Baker Hughes rig count data is showing:Oil rigs -2 to 499Gas rigs -1 to 117Total rigs -2 to 619..The price of WTI crude oil is trading up $0.50 or 0.69% at $72.52. That is well-off the high price of $75.25. The low price today…

Crude oil futures falls from highs but find support at MAsCrude oil futures are settling at $72.68. That represents a gain of $0.66 or 0.92%. The high-priced extended to $75.25. The low price reached $72.36. The sharp rise to the upside was…

Crude Oil Price Analysis and Charts• Crude oil prices have risen by more than $2/barrel• News of another tanker seizure brought buyers out• Chinese trade numbers Friay may bring focus back to economic woesDownload the brand new Q4 Oil…

Oil Analysis, Prices, and ChartsTraders concerned over potential retaliatory attacks.Supply chain fears over further Red Sea shipping disruption.Learn how to trade Oil with our complimentary guide: Recommended by Nick Cawley…

Breadcrumb Trail LinksPMN BusinessAuthor of the article:The Associated PressMatthew DalyPublished Jan 12, 2024  •  3 minute read Article contentWASHINGTON (AP) — Oil and natural gas companies for the first time would have to pay a fee for…

The price of crude oil is moving lower after the weekly inventory data showed a stronger build than expected. Crude oil inventories showed a build of 1.338 million barrels versus a drawdown of -0.675 million estimate. Gasoline and…