The Latest Breaking News from crude oil

Crude oil futures have been in a bullish trend since early May 2023. In 2022, Nearby NYMEX and Brent futures prices rose to a fourteen-year high at over $130 per barrel. After halving in value at the May 2023 low, crude oil is back on a bullish path, and a…

NEW DELHI: A minor crude oil spill was reported at the seashore near Pirwadi beach of Uran in Navi Mumbai but the spill was soon arrested, sources said.

October WTI crude oil (CLV23 ) on Thursday closed down -0.67 (-0.77%), and Oct RBOB gasoline (RBV23 ) closed up +2.16 (+0.83%). Crude oil and gasoline prices Thursday settled mixed, with gasoline posting a 1-1/2 week high. Crude prices gave up an early advance and moved lower on dollar strength...

Separating molecules is critical to producing many essential products. For example, in petroleum refining, the hydrocarbons – chemical compounds composed of hydrogens and carbons – in crude oil are separated into gasoline, diesel and lubricants by sorting them based on their molecular size, shape and weight. In the pharmaceutical industry,…

October WTI crude oil (CLV23 ) this morning is up +0.03 (+0.03%), and Oct RBOB gasoline (RBV23 ) is up +2.67 (+1.03%). Crude oil and gasoline prices today are slightly higher, with gasoline posting a 1-1/2 week high and crude holding just below Wednesday’s 9-1/2 month high. Crude has carryover...

Should oil producers choose next year not to reverse their cuts, then the Biden administration may have a problem on its hands.

In the dynamic world of energy markets, a seismic shift is underway. Crude oil, often regarded as the lifeblood of the global economy, has been making waves as it surges towards the $90 mark.

A Greek shipper has pleaded guilty to a charge over it smuggling sanctioned Iranian crude oil and agreed to pay a $2.4 million fine

October WTI crude oil (CLV23 ) on Wednesday closed up +0.85 (+0.98%), and Oct RBOB gasoline (RBV23 ) closed up +2.04 (+0.79%). Crude oil and gasoline prices Wednesday posted moderate gains, with crude climbing to a 9-1/2 month high. Crude found carryover support from Tuesday when Saudi Arabia and Russia...

Saudi Arabia's extended voluntary crude oil production reduction seems to drive the oil and gas industry. Against this backdrop, sound energy stocks Petróleo Brasileiro (PBR), Transportadora de Gas del Sur (TGS), and Repsol (REPYY) could make wise additions to your portfolio. Read on….

October WTI crude oil (CLV23 ) this morning is up +0.26 (+0.30%), and Oct RBOB gasoline (RBV23 ) is down -0.54 (-0.21%). Crude oil and gasoline prices this morning are mixed. Crude has carryover support from Tuesday when Saudi Arabia and Russia announced that they will extend their respective crude...