A view of oil-well in action during sunset at Elk Hills Oil Field as gas prices on the rise in California, United States on April 14, 2024. Tayfun Coskun | Anadolu | Getty Images Crude oil futures pulled back Thursday after U.S. economic growth disappointed. Gross domestic product was much softer than expected in the … 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 U.S. crude oil fell back below $83 a barrel on Wednesday after rallying nearly 2% in the prior session. Traders are waiting for the latest U.S. petroleum inventory data … Read more
Nicolai Tangen, chief executive officer of Norges Bank Investment Management, during a news conference in Oslo, Norway, on Tuesday, Jan. 30, 2024. Bloomberg | Bloomberg | Getty Images The chief executive of the world’s largest wealth fund says there are many wild cards in financial markets right now, but the “big worry” for investors is … Read more
A general view of Isfahan Refinery, one of the largest refineries in Iran and is considered as the first refinery in the country in terms of diversity of petroleum products in Isfahan, Iran on November 08, 2023. Fatemeh Bahrami | Anadolu | Getty Images U.S. crude oil fell below $81 a barrel on Tuesday, the … Read more
A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Gulf. Raheb Homavandi | Reuters Crude oil futures edged lower on Monday after Iran said it will not escalate the conflict with Israel. The West Texas Intermediate contract for May lost 46 cents to … Read more
A customer refuels at a Shell gas station in Hercules, California, US, on Tuesday, May 23, 2023. David Paul Morris | Bloomberg | Getty Images President Joe Biden’s top economic advisor said Thursday the White House will “make sure gas prices remain affordable” when asked whether the administration would consider tapping the Strategic Petroleum Reserve. … Read more
File photo showing an oil tanker pass through the Suez Canal, Egypt. Peter Bischoff | Pb Archive | Getty Images Crude oil futures fell for a fourth day Thursday, as Israel has refrained from immediately striking back against Iran after the unprecedented air assault last weekend, easing fears that the Middle East is on the … Read more
A general view of the BP logo and petrol station forecourt sign on January 22, 2024 in Southend, United Kingdom. John Keeble | Getty Images News | Getty Images British oil major BP on Thursday trimmed its executive team down to 10 members and announced William Lin as the new head of the firm’s oil and low … Read more
Oil prices slipped on Friday on the possibility of a nearing Gaza ceasefire that could ease geopolitical concerns in the Middle East, while a stronger dollar and faltering U.S. gasoline demand also weighed on prices. Olga Rolenko | Moment | Getty Images U.S. crude oil fell for the third consecutive trading session on Wednesday, dipping … Read more
Iranian soldiers take part in an annual military drill in the coast of the Gulf of Oman and near the strategic Strait of Hormuz. Anadolu | Anadolu | Getty Images The containership MSC Aries seized by Iran over the weekend marked at least the sixth vessel hijacked by Iran and its proxies in response to … Read more
