Oil ends week higher as investors take stock of Fed rate cuts
Oil prices settled lower on Friday but recorded a second straight week of gains, garnering support from a U.S. interest rate cut and a dip in U.S. supply.
September 19, 2024Your subscription includes
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Oil prices settled lower on Friday but recorded a second straight week of gains, garnering support from a U.S. interest rate cut and a dip in U.S. supply.
September 19, 2024Global oil benchmark Brent crude futures settled at their lowest level since December 2021 on Tuesday, after OPEC+ revised down its demand forecast for this
September 09, 2024U.S.
September 09, 2024Fuel oil exports bound for the U.S.
September 06, 2024Oil prices settled down by $1 a barrel on Wednesday after the U.S. government revised sharply lower a set of employment statistics closely watched by investors
August 20, 2024Oil prices settled higher on Thursday for the third consecutive session, after U.S. jobs data eased demand concerns and war in the Middle East helped prices
August 07, 2024Oil prices fell on Friday, with
August 02, 2024By Georgina McCartney HOUSTON - A wave of mega-mergers among oil producers is forcing the U.S. service companies that drill and hydraulically fracture wells to slash their prices, merge, or risk
July 24, 2024Oil prices settled over $2 lower on Friday at their lowest level since mid-June as investors eyed a possible ceasefire in Gaza, while a strengthened dollar
July 19, 2024An environmental group on Thursday sued the U.S. government over its approach to examining the harm caused by ageing offshore oil and gas infrastructure, citing the
July 11, 2024Oil prices settled higher on Wednesday after a jump in U.S. refining activity last week drove a larger-than-expected decline in gasoline and crude inventories,
July 10, 2024Oil prices settled lower on Friday as the rising possibility of a ceasefire deal in Gaza outweighed strong summer fuel demand and potential supply disruptions
July 05, 2024The Arctic could face more severe environmental impacts from oil spills if shippers switch to very-low sulfur fuel oil (VLSFO) following new, restrictive fuel
July 01, 2024Oil settled more than 1% higher on Tuesday due to escalating geopolitical risk in Europe and the Middle East, where wars continue to threaten global supply.
June 17, 2024Texas, Louisiana and Mississippi on Monday sued the U.S. government to block the Biden administration's proposed rule that would require the offshore oil and
July 02, 2024The shipping industry is under increasing pressure to decarbonize, but unclear regulatory guidelines, including around what sorts of cleaner fuels large
March 26, 2024U.S. crude oil futures settled lower on Wednesday after the Federal Reserve held firm on its decision to hold off cutting U.S. interest rates in the near
April 26, 2024Oil is flooding out of Texas in the final weeks of 2023, as traders find outlets abroad for record U.S. production and dodge a hefty year-end tax bill on
April 26, 2024Oil settled up 2% on Thursday after the European Central Bank opted to cut interest rates, spurring hopes that the Fed will follow suit, and OPEC+ ministers
June 24, 2024As Big Oil returns this week to the industry's annual showcase for offshore energy projects and equipment in Houston, deepwater discoveries off Guyana, Namibia
July 02, 2024Oil prices fell for a second day on Tuesday as pledges by China, the world's biggest crude importer, to transform its economy amid stuttering growth since the COVID
April 26, 2024Oil prices rose slightly on Thursday in up-and-down trade, pressured by rising U.S. crude and fuel supplies and expectations of a delayed start to Federal Reserve
June 28, 2024Oil prices settled lower on Tuesday, after U.S. data stoked concerns that interest rates may stay high, but potential risks to supply from Mideast tensions
May 13, 2024