A flare stack burns beyond oil storage tanks at the Taneco Oil Refining and Petrochemical complex, operated by Tatneft PJSC, in Nizhnekamsk, Tatarstan, Russia, on March 5, 2019. Bloomberg | Bloomberg | Getty Images Crude oil futures were flat Thursday, taking a breather as traders took stock of the market after prices advanced more than … Read more
A pumpjack is shown outside Midland-Odessa area in the Permian basin in Texas, U.S., July 17, 2018. Image taken July 17, 2018. Liz Hampton | Reuters Crude oil futures rose on Wednesday, adding to a recent streak of gains after an OPEC+ committee meeting ended without recommending changes to production policy. The West Texas Intermediate … Read more
An energy installation on a property leased to Devon Energy Production Company by the Catholic Archdiocese of Oklahoma City is seen near Guthrie, Oklahoma Nick Oxford | Reuters Crude oil futures ticked slightly lower Monday, taking a breather after a strong first quarter. The West Texas Intermediate contract for May delivery lost 33 cents, or … Read more
An oil pumpjack in a field in Grandfalls, Texas, on March 24, 2024. Brandon Bell | Getty Images Crude oil futures fell for a second day Wednesday as U.S. crude stockpiles rose. The West Texas Intermediate contract for May delivery dipped 11 cents, or 0.13%, to $81.51 a barrel Wednesday. The Brent contract for May … Read more
The Charles Eddie, a crude oil tanker owned by Euronav SA, a Belgian shipping company, sails northbound on the Suez Canal in Ismailia, Egypt. Dana Smillie | Bloomberg | Getty Images Crude oil futures held steady on Tuesday as the wars in Eastern Europe and the Middle East disrupt supplies. The West Texas Intermediate contract … Read more
Smoke billows after Ukraine’s SBU drone strikes a refinery, amid Russia’s attack on Ukraine, in Ryazan, Ryazan Region, Russia, in this screen grab from a video obtained by Reuters, March 13, 2024. Video Obtained By Reuters | Via Reuters Crude oil futures rose Monday as Ukraine drone strikes disrupt Russian oil refining capacity. The West … Read more
Storage tanks are seen at Marathon Petroleum’s Los Angeles Refinery, which processes domestic & imported crude oil into California Air Resources Board (CARB) gasoline, CARB diesel fuel, and other petroleum products, in Carson, California, U.S., March 11, 2022. Picture taken with a drone. Bing Guan | Reuters Crude oil futures fell slightly Friday after booking … Read more
The U.S. flag is displayed at Tesoro’s Los Angeles oil refinery. Lucy Nicholson | Reuters Crude oil futures rose on Thursday, adding to the previous session’s gains as the International Energy Agency now forecasts a supply deficit for 2024. The West Texas Intermediate contract for April rose 86 cents, or 1.08%, to $80.58 a barrel. … Read more
A view of an oil well at Arab Desert in Jebel Dukhan, Bahrain on March 4, 2024. Nurphoto | Nurphoto | Getty Images Crude oil futures were jolted out of their recent slump Wednesday after industry data showed falling U.S. crude inventories and Ukraine attacked Russian oil refineries again. The West Texas Intermediate contract for … Read more
Oil rig pumpjacks, also known as thirsty birds, extract crude from the Wilmington Field oil deposits area near Long Beach, California, on July 30, 2013. David Mcnew | Reuters Crude oil futures edged lower Tuesday as traders assessed the latest U.S. inflation data and what it may mean for the Federal Reserve’s decision making on … Read more
