News

American refiners are relying on oil supplies from the country’s biggest shale basins more than ever as flows of denser ...
An oil supply shock may not only be imminent but also inevitable given the tightness of the global oil market, the continued resilience of oil demand and the ever-shrinking global spare oil ...
Oil prices eased off a 5-month high as expectations Iran won't close the Strait of Hormuz for now. But this may still change, ...
A series of oil supply disruptions across the globe has helped push Brent crude prices above $81 a barrel for the first time since April.
Oil is likely to rise by $3-$5 per barrel when trading resumes on Sunday evening after the U.S. attacked Iran at the weekend, ...
Lower equipment demand and impact of uncontracted periods on offshore drilling equipment needs make the outlook for the Zacks Oil and Gas- Mechanical and Equipment industry gloomy. NOV, Kodiak Gas ...
There's fear that Iran might try to choke the Strait of Hormuz, through which 20% of global crude oil is traded. India, ...
Crude oil prices have sagged in recent weeks amid a surge in supplies. Some analysts are pointing to an autumn drop in global demand as the culprit. Futures on WTI crude oil, the U.S. benchmark ...
Occidental’s CEO Sees Oil Supply Crunch from 2025 By Charles Kennedy - Jan 16, 2024, 11:00 AM CST The ratio of discovered resources versus demand has dropped in recent decades and is now at ...
The oil producers’ cartel, OPEC+, announced that it’ll cut production by over 1 million barrels a day starting next month. With tighter supply looming, oil prices rose.
Supply chain issues with steel worker issues, we've lost over 100,000 workers in the oil patch since 2014,” Hirs said. So, we can verify, while the claim may be true, it wouldn’t be as easy as ...
MACIAS: Alberto Barquin manages Alimentacion Encarnita, a small grocery store in the Macarena neighborhood of Seville. He sells jars of two and five liters of high-quality extra virgin olive oil ...