oil – Latest News Update

Oil Prices Drop For Fifth Straight Session, Hit 4-Month Low On Growth Concerns, ‘Bearish’ OPEC+ Meeting

Crude oil prices declined for the fifth consecutive session on Tuesday, with West Texas Intermediate (WTI) light crude, tracked by the United States...

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BUSINESS

Sunak bids to woo North Sea industry with hundreds of new oil and gas licences

Prime Minister Rishi Sunak has pledged hundreds of new oil and gas licences, two new carbon capture clusters and a fiscal review...

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BUSINESS

Oil giants drill deep as profits trump climate concerns

LONDON (Reuters) – Oil and gas companies have intensified the hunt for new deposits in a long-term bet on demand, as they...

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BUSINESS

Oil prices could soar higher as Russia, others shrug off criticism from Biden administration

Member countries of OPEC and their allies are considering further cuts to oil production that could send oil prices soaring. The group, known as...

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BUSINESS

Oil dips but heads for weekly gain despite U.S. downturn fears

MELBOURNE (Reuters) – Oil prices fell in early trade on Friday but were headed for a weekly gain with the market continuing...

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BUSINESS

Oil prices advance on U.S. growth, Chinese recovery hope

Oil prices edged ahead for a second session on Friday, buoyed by stronger-than-expected U.S. economic growth and hopes of a rapid recovery...

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US Stocks

3 Energy Stocks to Buy No Matter What Happens to Oil Prices in 2023

Oil prices enter 2023 in the mid-$70s — around the same level they were at the start of 2022. However, they’ve been...

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BUSINESS

This Oil Stock Is Making a Massive Bet on Natural Gas

Natural gas is becoming an increasingly vital fuel. It produces fewer carbon emissions when consumed than coal and refined petroleum products, making...