Oil

OIL PRICE FORECAST:Oil Continues to Advance as Supply Concerns and Potential Rebound in Demand Keep Prices Elevated.Saudi Energy Minister to Provide a Further Update this Week on the Potential for Further Cuts or an Extension into 2024.IG…

(Photo by Janos Kummer/Getty Images)US oil production is expected to keep booming in 2024, possibly hitting a fresh high of 13.3 million barrels a day.That comes as Exxon Mobil and Chevron are boosting their capital expenditure budgets for…

SlavkoSereda/iStock via Getty Images Crude oil production from the U.S. reached a new all-time high of 13.2M bbl/day in September, according to data released last week, outpacing expectations and causing a big problem for OPEC+, which…

weekly oil WTISentiment in oil might finally be so washed out that it's safe to wade in.The US announced another 3 million barrels of purchases to refill the SPR today and that's a modest positive catalyst as the White House is able to…

Breadcrumb Trail LinksPMN BusinessAt the world’s most important climate summit, the Organization of the Petroleum Exporting Countries — whose members supply almost 30% of the world’s oil — has a pavilion for the first time.Author of the…

The price of WTI crude oil futures are settling the week at $71.23. That's up $1.89 or 2.73%. Monday, Tuesday and Wednesday saw the price tumble from Friday's close of $74.07 to a low-price reached yesterday (before rebounding) at $68.80.…

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Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Australia’s two largest oil and gas companies have opened talks over a potential near-A$80bn ($52bn) merger to create…

© Reuters. FILE PHOTO: Road signs are reflected on an electric board displaying the Nikkei stock average outside a brokerage in Tokyo, Japan, July 28, 2023. REUTERS/Kim Kyung-Hoon By Stella Qiu SYDNEY (Reuters) -Asian shares fell…

We’ve got a simple technical setup heading to the watchlist, this time a longer-term setup developing on oil! Will the market reach a MAJOR area of support and will buyers defend it? WTI Crude Oil (CFD): Daily WTI Crude Oil Daily Chart…