Oil prices fell nearly 2% on Wednesday, weighed down by a weaker demand outlook and a rise in U.S. crude inventories despite growing expectations of ongoing OPEC-led supply cuts. Brent Continue Reading
Crude oil futures were higher in mid-morning trade in Asia Tuesday on prospects of tightening supplies by OPEC, but ongoing trade disputes between the US and China could cap prices, Continue Reading
Oil prices rose on Tuesday in line with firmer financial markets and bolstered by expectations that producer group OPEC and its allies will keep withholding supply. Front-month Brent crude futures Continue Reading
Oil prices fell more than 1% on Monday as U.S.-China trade tensions continued to threaten demand for crude and as major producers Saudi Arabia and Russia had yet to agree Continue Reading
Russian Energy Minister Alexander Novak said on Monday he could not rule out a scenario in which oil prices could fall to $30 per barrel if the global oil deal Continue Reading
A few weeks ago, OPEC+ was mulling the possibility of exiting the production cut agreement because the oil market was at risk of over-tightening. Now Saudi Arabia is scrambling to Continue Reading
Iran has no intention of leaving OPEC despite its being treated like an enemy by some members, Oil Minister Bijan Zanganeh told a parliamentary news site as quoted by Reuters. Zanganeh did, Continue Reading
A sudden drop in crude-oil prices means Americans are on track to pay much less for gasoline at the pump this summer—in some cases less than $2 a gallon. Gasoline Continue Reading
Prices for jet fuel for later this year and into 2020 are expected to rise due to new marine fuel regulations – as the need for lower-sulfur fuels in ships Continue Reading
Average retail gasoline prices have fallen in five consecutive weeks, putting many Americans on track to pay much less for fuel this summer and potentially boosting U.S. consumers at a Continue Reading
