Oil rises toward $120 after Biden hints at tougher Russian energy sanctions

Oil keeps rising w/WTI soars to highest since 2008 as Russia invasion upends the market. A decision by OPEC+ to continue its plan to...

The US considers releasing emergency oil reserves

US considers releasing emergency oil reserves to bring down fuel prices. US energy secretary Jennifer Granholm is considering releasing crude oil from the government’s strategic...

Oil could top $100 per barrel in winter

Oil could top $100 per barrel if winter is colder than expected, that's according to a note from Bank of America to its...

U.S. Supply Concerns Are Pushing Oil Prices Higher

Oil is moving higher on concerns Hurricane Ida damage to those regions affected has yet to be resolved. Although it has been more than...

Bigger Than Expected Crude Oil Draw in the U.S. Helps Oil Prices

 Brent crude oil futures rose 69 cents, or 0.9%, to settle at $74.12 a barrel Global crude supplies might still increase after the OPEC+ negotiations...
GasShortage2021

#GasShortage2021 Is showcasing America At Its worst

How it started...How it’s going...#GasShortage2021 pic.twitter.com/Gr4ofdgcUa— Cassi Mitchell Smith (@G88Gassi) May 12, 2021 Biden is to blame… blah blah blah#GasShortage2021 Look at this nonsense...
crude oil price

Crude oil prices dropped after a surge in the US gasoline inventories

Crude oil prices dropped after the official unexpected surge in the US gasoline inventories, raising concerns over waning demand. Brent crude fell by $0.36, or...

High prices will prompt OPEC+ to step up its production

High prices will prompt OPEC+ to step up its production by 500 kb/d, while at the same time withdrawing Saudi Arabia’s additional production cut.”...

Crude oil hits 8% weekly gain and an 11-month High

Crude oil soars on Saudi production cut announcement. this comes as OPEC is expected to discuss production cuts for February. OPEC+ is responsible for...

Oil Prices Continue to Climb after Large Crude Draw

Oil Prices Continue Climb On Large Crude Draw. The American Petroleum Institute (API) on Tuesday reported a decrease of 4.785 million barrels of crude...

U.S. oil inventory draw pushes crude prices up 2%

Crude Oil prices rose 2% on Wednesday, boosted by draws from the U.S. inventories of crude, gasoline, and distillates. that, in turn, lifted investors’...

Norway To End Oil Production Cuts / Plans to Open More Arctic Areas to...

Norway To End Oil Production Cuts On December 31st. Norway oil output curbs to expire at year-end, energy ministry says. The Opec +1 group is...

China’s crude oil imports fall

China’s crude oil imports fall as heavy crude oil buying fades. China’s crude oil imports fell 12.2 percent in October from the previous month as...

Oil Crude Investors fear the rise in COVID-19 infections could threaten U.S economic rebound

Investors fear continued rise in COVID-19 infections threatens U.S economic rebound Crude was boosted earlier in the week as stocks extended gains during the last...
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