Oil drilling rigs US President Donald Trump ordered a total and complete blockade last week on all oil tankers under sanctions entering or leaving Venezuela. The move came days after the US seized an oil tanker carrying Venezuelan crude, with the White House hinting that more vessels could be confiscated. Last week also saw reports […]
What do you expect for oil prices? Read More »
Oil drilling rigs Oil prices fell on Friday, heading for a second straight weekly loss, as markets weighed the risk of a global supply surplus alongside efforts to reach a peace agreement between Russia and Ukraine. Brent crude futures for February 2026 fell about 0.25%, or 15 cents, to $59.67 a barrel at 9:03 am
Oil declines toward second weekly loss Read More »
Calgary The price of the benchmark North American crude blend known as West Texas Intermediate, or WTI, slid to a four-year low on Tuesday, dipping below $55 US a barrel after starting the year off around $80. West Texas Intermediate dipped to $55 US on Tuesday Joel Dryden · CBC News · Posted: Dec 16,
Benchmark oil price slides to lowest level since 2021 Read More »
We use cookies and data to Deliver and maintain Google services Track outages and protect against spam, fraud, and abuse Measure audience engagement and site statistics to understand how our services are used and enhance the quality of those services If you choose to “Accept all,” we will also use cookies and data to Develop
India Deepens Russian Oil Ties Despite U.S. Tariff Pressure in 2025 Read More »
January WTI crude oil (CLF26) on Friday closed down -0.16 (-0.28%), and January RBOB gasoline (RBF26) closed down -0.0077 (-0.44%). Crude oil and gasoline prices moved lower on Friday, with gasoline posting a 4.75-year nearest-futures low. Friday’s dollar strength weighed on energy prices. Also, Friday’s stock weakness has dampened optimism about the economic outlook, a
Dollar Strength and Stock Market Weakness Undercut Crude Oil Prices Read More »
January WTI crude oil (CLF26) on Thursday closed down -0.78 (-1.34%), and January RBOB gasoline (RBF26) closed down -0.0232 (-1.15%). Crude oil and gasoline retreated on Thursday, with crude posting a 7-week low and gasoline slumping to a 4.75-year nearest-futures low. Concerns about a global oil glut continue to pressure crude prices. Also, today’s stock
Crude Oil Prices Pressured on Signs of Abundant Global Supplies Read More »
We’re sorry. The page you are looking for appears to have moved or does not exist. Check the URL or try using our search function at the top right. Alternatively, you might want to check out these top stories: https://www.channelnewsasia.com/business/oil-prices-up-us-venezuela-tensions-set-weekly-decline-5577751
Oil prices up on US-Venezuela tensions, but set for weekly decline Read More »
By Irina Slav – Dec 11, 2025, 1:30 AM CST Citi expects Brent crude to decline further to an average $60 per barrel over the first quarter of the new year, Reuters has reported, citing the bank as expecting inventories in the OECD to go up further, pressuring benchmarks. This is Citi’s bearish case for
Citi Sees Oil Prices Falling to $60 in Early 2026 Read More »
Oil tanks US crude oil inventories decreased during the week ended Dec. 5. Meanwhile, gasoline stockpile rose remarkably. Commercial crude inventories fell by 1.8 million barrels, beating expectations for an increase by 1.6 million barrels, according to data released by the Energy Information Administration (EIA) on Wednesday. Gasoline inventories added 6.4 barrels, with distillate stocks—including
US gasoline inventories rise by above 6M barrels Read More »
The EIA raised its forecast for average oil prices this year The US Energy Information Administration (EIA) raised its forecast for average oil prices this year, saying OPEC+ production policy and continued stockpiling by China will limit price declines in the coming months. In its Short-Term Energy Outlook, the EIA projected Brent crude would average
EIA: OPEC+ output policy to limit drop in oil prices Read More »
