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Oil prices drop as reports say Israel and Hamas could soon head for cease-fire talks

Oil prices dropped Monday. Israel and Hamas could meet in Cairo for talks as soon as Tuesday, The N…

Yuheng Zhan   


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OPEC+ output witnesses biggest drop in six months, falling short of agreed cuts

In January, OPEC+ crude output witnessed a decline of 340,000 b/d, attributed partly to voluntary c…

ANI   


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IEA slashes oil demand outlook amid the end of the post-pandemic rebound and expanding EV adoption

The latest bout of Middle East turmoil has ratcheted up fears that oil could soon hit $100 a barrel.

Yuheng Zhan   


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Winter winds are freezing Russia's crude oil shipments to China

Icy winds and freezing temperatures disrupted Russian oil flows from a key Pacific port, bringing a…

Aruni Soni   


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Oil traders are pouring their money into a market that isn't moving

Open interest in oil futures contracts has risen to the highest level since March 2022, even though…

Aruni Soni   


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Russian oil flows are sidestepping sanctions and trading above the G-7 price cap all over the world

Bloomberg reported that Urals grade crude is selling at around $75 a barrel, exceeding the G7 natio…

Yuheng Zhan   


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Red Sea turmoil is the only thing keeping oil prices as high as they are

The Red Sea chaos is actually creating a floor beneath prices, which would otherwise be dragged dow…

Aruni Soni   


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The world's biggest oil trader says the energy market reflects less concern about a supply crunch from the Russia/Ukraine war

Vitol's Mike Muller said the US announcing an unprecedented release of oil from reserves and COVID …

Hamza Fareed Malik   


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Cyberthreats, corporate exodus are a part of the 10 disruptions caused by the Russia-Ukraine war

Cyberthreats, corporate exodus are a part of the 10 disruptions caused by the Russia-Ukraine war

Bhakti Makwana   


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Olive oil prices are skyrocketing. Here's how my startup is managing to keep costs low.

Andrew Benin, the cofounder of Graza, talks about how the startup is dealing with record-high olive…

Lakshmi Varanasi   


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Ukraine's drone attacks on energy facilities have taken a bite out of Russia's oil exports, industry insider says

Ukrainian drone attacks on energy infrastructure have likely reduced Russian oil exports by hundred…

Mia Jankowicz   


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OPEC slashed oil production last month as the group kicks off plan to boost sagging prices

OPEC+ scaled back oil output by 490,000 barrels a day last month, Bloomberg reported, with half of …

Yuheng Zhan   


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US crude-oil production will slow sharply from record heights over the next year, EIA says

US production won't reach December's record level until early 2025, the Energy Information Agency s…

Filip De Mott   


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Oil and natural gas prices could spike 40% this year if war spreads across the Middle East, economist says

If tensions in the Middle East spiral out of control it would slow global growth and limit trade vo…

Filip De Mott   


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3 mins read

Crude spikes on Middle East tensions but Iran’s entry will guide its movement say analysts

As Israel and Palestinian group Hamas attack each other, it has shaken up the world crude oil marke…

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4 mins read

How the Saudi crown prince used oil and political cunning to overturn his pariah status

The crown prince ruler has used oil, canny diplomacy and money plans to regain global power.

Tom Porter   


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2 mins read

An embargo on Russian oil would trigger a recession in Europe and investors are underpricing disruptions to energy supplies, Barclays says

"Any restrictions of flows would put further pressure on energy prices and could even result in rat…

Carla Mozée   


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Russia could disrupt oil markets if they penalize countries that abide by the $60 price cap, RBC's commodities chief says

"Will the Russians make good on their threats to withhold supplies to any customer who pays at the …

Jennifer Sor   


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Shipping giant says fuel tankers can take detours around the Red Sea as attacks rise, potentially disrupting energy flows

With a major firm allowing ships to take detours, others could follow. That would add multiple days…

Aruni Soni   


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Oil supply is looking tighter and prices could climb as US production outlook gets cut in half this year, RBC commodities chief says

US oil production growth could be slashed in half this year, down from a million barrels to just 50…

Jennifer Sor