Oil News

Oil prices edged lower on Thursday amid growing concerns over weakening global demand and the potential reimposition of U.S. tariffs, just ahead of an expected supply increase from major ...

Oil prices fell on Thursday amid concerns over the possible reinstatement of US tariffs, raising fears about global demand ahead of an expected supply increase from major producers.   Brent ...

Reports and rumors have intensified this year around the idea that British energy company BP has become a takeover target—especially by rival Shell—in what could be the biggest oil sector ...

The Energy Information Administration reported a buildup of 3.8 million barrels in US crude stocks last week to a total of 419.0 million barrels, while analysts expected a drop of 1.7 million ...

Oil futures rose on Wednesday after Iran announced it will suspend cooperation with the International Atomic Energy Agency (IAEA), while investors assess expectations of increased supply from major ...

Oil prices were little changed on Tuesday as investors assess the outlook that OPEC+ will announce a production hike for August at its next meeting, and amid ongoing US trade negotiations with major ...

Oil prices dropped on Monday as tensions receded in the Middle East with increasing speculation about a potential OPEC+ production hike in August.   Recent EIA data showed US crude output hit ...

Oil prices stabilized on Monday as Middle East tensions receded, and with the outlook of increasing OPEC+ production in August and concerns about global demand.   Brent futures settled at ...

Oil prices stabilized on Friday but marked the heftiest weekly loss since March 2023 following the Israel-Iran ceasefire.   As geopolitical tensions calmed down, the threat to oil supplies ...

Oil prices rose marginally on Thursday amid ongoing caution and uncertainty about the Iran-Israel ceasefire.   The oil market was boosted after official EIA data showed US crude stocks fell ...