PRICE HIKE LOOMS. Motorists refuel at an oil firm station in Quezon City in this undated photo. Jetti Petroleum president Leo Bellas on Friday (Jan. 16, 2026) forecast diesel prices to rise by PHP1.80 to PHP2 per liter and gasoline, by PHP1 to PHP1.20 per liter next week. (PNA file photo by Ben Briones) Published […]
Hefty oil price hike looms next week Read More »
By Julianne Geiger – Jan 13, 2026, 4:01 PM CST The American Petroleum Institute (API) estimated that crude oil inventories in the United States saw a build of 5.27 million barrels in the week ending January 9. Crude oil inventories sagged by 2.8 million barrels in the week prior. The Department of Energy (DoE) reported
Large Crude, Product Builds Weigh on Oil Prices Read More »
By Tsvetana Paraskova – Jan 13, 2026, 3:00 PM CST Oil prices are climbing on geopolitical risk, with Brent hitting $64 and WTI nearing $60 as unrest in Iran and U.S. threats raise fears of Middle East supply disruptions. The Strait of Hormuz risk is back in focus, as escalation could threaten a route that
Iran Turmoil Resurrects Specter of Critical Oil Lane Disruption Read More »
By Julianne Geiger – Jan 13, 2026, 2:17 PM CST Oil prices pushed higher on Tuesday afternoon, with traders weighing a familiar but combustible mix of Middle East risk and Washington-driven policy uncertainty. As of 2:34 p.m. ET, U.S. benchmark WTI crude was trading around $61.10 per barrel, up roughly 2.7% on the day, while
WTI and Brent Rise as Geopolitics and Washington Rattle the Market Read More »
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Oil dips as investors assess Iran supply, Venezuelan export resumption Read More »
By Alex Kimani – Jan 11, 2026, 6:00 PM CST Global upstream oil investment is set to fall for a second straight year in 2026. Producers prioritize capital discipline amid sub-$60 oil prices, with cuts in North America and Europe offsetting higher spending in the Middle East and parts of the Global South. Non-OPEC supply
Global Upstream Capex Set To Fall Again In 2026 Amid Low Oil Prices Read More »
The current year will be pivotal for Saudi Arabia, as the Kingdom is well positioned to confront a more challenging environment marked by lower oil prices and higher financing needs, said two officials from the International Monetary Fund (IMF). Amine Mati, Assistant Director, and Yvonne Rawlinson, officials from the IMF’s Middle East and Central
Saudi Arabia well positioned to face challenges: IMF Officials Read More »
Pacing inside the Kremlin last weekend, as news feeds churned out minute-by-minute reports of Donald’s Trump’s Venezuelan coup, Vladimir Putin may have been wondering what it would mean for the price of oil. Crude oil has lubricated the Russian economy for decades – far more than gas exports to Europe – and so the threat
Why Russia’s economy is unlikely to collapse even if oil prices fall Read More »
By Julianne Geiger – Jan 07, 2026, 10:53 AM CST Crude oil inventories in the United States posted a sharp draw last week, even as gasoline and distillate stockpiles recorded sizable builds, according to new data released Wednesday by the U.S. Energy Information Administration (EIA). U.S. commercial crude oil inventories, excluding the Strategic Petroleum Reserve,
Oil Slips as EIA Reports Crude Draw, Sharp Builds in Gasoline, Distillate Stocks Read More »
Trading on Wall Street was mixed in light trading early Tuesday while gains for oil prices moderated following the U.S. military operation in Venezuela over the weekend the led to the capture of its president, Nicolas Maduro. Futures for the S&P 500 were flat, while futures for the Dow Jones Industrial Average fell 0.1%. Nasdaq
Asian shares and US futures advance, as Tokyo’s Nikkei 225 hits a record high Read More »
