The oil industry’s prospects appear bright, owing to increasing oil demand, geopolitical tensions, and supply-cut expectations driving oil prices up. Against this backdrop, quality oil stocks BP p.l.c. (BP), Petróleo Brasileiro S.A. – Petrobras (PBR), and Cheniere Energy Partners, L.P. (CQP) could be watched for returns in April. Read on…. The increasing oil demand for […]
3 Oil Stocks to Watch for Returns in April Read More »
Russia reported a sharp increase in revenue in the first quarter due in part to one-time tax payments and rising oil prices as the country continues to weather sanctions over its war in Ukraine. Author of the article: Bloomberg News Bloomberg News Published Apr 08, 2024 • Last updated 7 hours ago • 2 minute read
Russia’s Revenue Jumps in First Quarter Amid Rising Oil Prices Read More »
By Julianne Geiger – Apr 05, 2024, 12:12 PM CDT The total number of active drilling rigs for oil and gas in the United States fell again this week, according to new data that Baker Hughes published on Friday, falling by 1. U.S. drillers saw a total loss of rigs this year of 2. The
U.S. Drilling Activity Slips Further As Oil Prices Rise Read More »
By ZeroHedge – Apr 05, 2024, 10:00 AM CDT The national average gas price has hit $3.57 per gallon, up from $3.10 at the start of the year. The current average price is 20 cents higher than one month ago and 7.2 cents higher than at this time last year. Analysts warn that prices could
U.S. Drivers Feeling the Pinch at the Pump as Gas Prices Soar Read More »
The Mexican Peso rises to a nine-year high versus USD on Friday. The release of Banxico’s March meeting minutes may have helped spur the Peso to more gains. Higher crude Oil prices, a key Mexican export, could also be supporting MXN. The Mexican Peso (MXN) trades at nine-year highs against the US Dollar (USD) on Friday
Mexican Peso rises to nine-year high against USD Read More »
Oil prices extended gains on Friday and headed for a second weekly gain, supported by geopolitical tensions in Europe and the Middle East, concerns over tightening supply, and optimism about global fuel demand growth as economies improve. Brent crude climbed 40 cents, or 0.4%, to $91.05 a barrel by 0425 GMT. US West Texas Intermediate
Oil heads for second weekly gain on geopolitical tension, supply concerns Read More »
Asian shares retreated on Friday as hawkish comments from some Federal Reserve officials and escalating geopolitical tensions put a dent in risk sentiment, while traders were also cautious ahead of U.S. jobs data due later in the day. The threat of supply disruptions owing to a prolonged conflict in the Middle East kept Brent futures
Asia stocks stumble on risk-off mood; oil prices climb Read More »
Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info By Irina Slav – Mar 28, 2024, 2:32 AM CDT The latest crude oil purchase that the Department of Energy made as part of refill plans for the strategic petroleum reserve cost
The U.S. Breaks Its Self-Imposed Oil Price Ceiling of $79 to Refill the SPR Read More »
Thursday . March 14, 2024 You are here Home Oil updates — crude rises on strong US fuel demand as supply concerns continue Brent futures for May climbed 11 cents, or 0.13 percent, to $84.14 a barrel at 09:52 a.m. Saudi time, while April US West Texas Intermediate crude rose 10 cents, or 0.13 percent, to
Oil updates — crude rises on strong US fuel demand as supply concerns continue Read More »
Oil prices rose on Wednesday after Opec stuck to its oil demand projections and raised its forecast for economic growth this year. Brent, the benchmark for two thirds of the world’s oil, was trading 0.45 per cent higher at $82.29 a barrel at 11.21am UAE time. West Texas Intermediate, the gauge that tracks US crude,
Oil prices rise after Opec maintains demand forecast for 2024 Read More »
