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Oil rises as demand hopes and economic data lift sentiment
Oil prices rose in early trade on Thursday, reversing the previous session's losses, buoyed by stronger-than-expected economic data from the world’s top oil consumers and signs of easing trade tensions.
Global Oil Consumption Reaches All-Time High
Statistical Review highlights the US's continued leadership in oil production and consumption, global demand reaching new highs, and significant shifts in energy trends.
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Shale Sputters as Oil Slides Into Profit Danger Zone
U.S. shale drillers are reducing activity as falling crude oil prices and rising costs push profitability into a danger zone, impacting the industry outlook.
India confident of meeting oil needs despite potential sanctions on Russian imports, minister says
India is confident of meeting its oil needs from alternative sources if Russian supplies are hit by secondary sanctions, oil minister Hardeep Singh Puri said on Thursday.
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Vintage ship sinking, leaking oil into San Joaquin Delta to be removed
A former Royal Canadian Navy Minesweeper, sent to a salvage yard in the San Joaquin Delta and later abandoned, is sinking.
On This Day: BP caps Deepwater Horizon oil spill after 3 months
BP announced it had capped its crippled underwater well that sent millions of barrels of crude gushing into the Gulf of Mexico for three months.
Black Oil And Green Energy In Mega Bill Will Boost Oil But Cost U.S.
This policy will lead to more expensive electricity in the U.S. and a serious delay in the race against China for AI dominance.
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The Oil Boom No One Wants to Talk About
Several major oil-producing countries—including the UAE, Iraq, Saudi Arabia, Brazil, and Guyana—are expanding production despite global net-zero goals.
Oil Rises, Aided by Unexpected Fall in U.S. Crude Inventories
Oil rose in early Asian trade, aided by an unexpected fall in U.S. crude inventories.
Rare Gandhi oil portrait sold for more than $200,000
A rare oil portrait of Indian independence leader Mahatma Gandhi has been sold at auction in London for £152,800 ($204,648). The figure is much higher than the £50,000-£70,000 that auction house Bonhams had estimated the work might fetch. It was painted in 1931 by British artist Clare Leighton when Gandhi visited London.
Oil prices slip as investors weigh trade war impact
Oil prices fell by about 1% on Wednesday as signs of stronger Chinese crude consumption were outweighed by investor caution about the wider economic impact from U.S. tariffs.
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