Oil

© Reuters. FILE PHOTO: Oil tankers sail along Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022. REUTERS/Tatiana Meel/File Photo By Florence Tan and Sudarshan Varadhan SINGAPORE (Reuters) -Oil prices rose for a…

Summary comments from ANZ on oil, saying that conditions are in place for even higher prices into year end and 2024.On the supply side:Production cuts, led by Saudi Arabia, stabilised the market in July but are now likely to push the market…

HHakim The state of California has sued five major oil companies - Exxon Mobil (XOM), Shell (SHEL), BP (BP), ConocoPhillips (COP) and Chevron (CVX) - claiming their actions have caused billions of dollars in damage and deceived the…

© Reuters. FILE PHOTO: A general view of oil drilling equipment on federal land near Fellows, California, U.S., April 15, 2023. REUTERS/Nichola Groom/File Photo (Reuters) -The state of California has sued major oil companies…

California sued major oil companies including Exxon Mobil Corp. and Shell Plc, saying they deceived the public for decades while creating or contributing to local climate catastrophes. The civil case, filed in superior court in San…

SlavkoSereda/iStock via Getty Images Oil futures posted fresh new highs for the year, wrapping up a third straight weekly gain on continued concerns over tight supplies and prompting renewed predictions for $100/bbl oil. Gasoline prices…

Commodities Oil dollar swap deals pile pressure on shilling Thursday September 14 2023 A large batch of dollar-denominated loans sourced from banks by oil marketers last year have fallen due. PHOTO | POOL A large batch of…

USD/CAD ANLAYSIS & TALKING POINTSQuiet trading anticipated today.US CPI under the spotlight tomorrow.USD/CAD negative divergence progresses. Trade Smarter - Sign up for the DailyFX Newsletter Receive timely and compelling market…

In an aggressive move that angered Republicans, the Biden administration canceled the seven remaining oil and gas leases in Alaska’s Arctic National Wildlife Refuge on Wednesday, overturning sales held in the Trump administration’s waning…

Markets are down today, and a series of related factors is exerting pressure. First, investors are concerned about a possible resurgence in the rate of inflation, which is directly linked to the second fear. This fear arises from rising oil…