WTI price dropped by about 3% on Thursday due to escalating fears of a global supply surplus. Trump commented, “I think we are getting very close to a deal with Iran. Iran has agreed to the terms.” US EIA reported a substantial crude inventory increase of 3.5 million barrels last week, raising stockpiles to 441.8 […]
WTI drops to near $60.50, crude Oil slides 3% on US-Iran nuclear deal hopes Read More »
US President Donald Trump said Thursday a deal was close on Iran’s nuclear programme that would avoid military action, sending oil prices tumbling as he boasted of raising “trillions of dollars” on a Gulf tour. “We’re not going to be making any nuclear dust in Iran,” Trump said in Qatar, the second stop of his
Trump says ‘getting close’ to deal to avoid Iran military action Read More »
Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com. More Info Premium Content By Alex Kimani – May 14, 2025, 7:00 PM CDT U.S. shale oil hedging remains historically low despite a recent uptick, with only 25.7% of 2025 output hedged. The low level of hedging reflects continued bullish
American Shale Patch Is Under-Hedged But Bullishly Optimistic Read More »
WTI enters a bullish consolidation phase near a two-week high amid mixed fundamental cues. The US-China trade deal optimism helps ease demand concerns and supports the black liquid. Easing US recession fears and the Fed’s hawkish pause benefits the USD and caps the commodity. West Texas Intermediate (WTI) US Crude Oil prices rise to a
Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Premium Content By Irina Slav – May 11, 2025, 4:00 PM CDT Saudi Arabia faces fiscal strain as Brent crude prices remain below the ~$90–96/bbl needed to balance its budget, with a
Saudi Arabia Spends Like Oil’s Still at $90 Read More »
Oil drilling rigs Oil prices rose on Friday amid optimism about US-China trade talks, and driven by strong flows from Iran and Russia. Brent July futures rose 0.65%, or $0.40, to $63.24 per barrel, while WTI June futures gained 0.65%, or $0.40, to $60.31 per barrel at 8:10 a.m. Makkah time. Customs data showed China’s
Oil prices edge higher ahead of US-China trade talks 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
Global oil prices have plunged. So when will Australian motorists see cheaper petrol? Read More »
Article content (Bloomberg) — A fire Monday at Valero’s Benicia refinery leaves only one gasoline plant still operating in the San Francisco Bay Area, putting pressure on prices ahead of peak driving season and stymieing Governor Gavin Newsom’s efforts to offer relief to Californians. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read
San Francisco Gasoline Prices Rise as Just One Refinery Remains 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
Oil-Rich Alberta Could Vote to Separate from Canada Read More »
Marketers of refined petroleum products say petrol and diesel prices may drop as crude oil prices slump again. However, the marketers who spoke with our correspondent, said the drop may not be immediate, saying it has to do with the stability of the new low prices. Our correspondent reports that crude prices tumbled below $60
Major petrol, diesel price cuts expected over crude slump Read More »
