OPEC
Attacks on shipping in the Red Sea have driven oil tanker charter rates higher, raising the price of U.S. crude to Asia.
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An incident on Friday has led to the grounding of all Boeing 737-9 aircraft until they can be inspected for safety.
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The COP28 summit ended Wednesday, the Fed is not expected to raise interest rates, PPI is slipping, and Tesla has recalled 2 million cars.
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The price of gasoline and oil is an important component in the energy sector of the government’s consumer price index, which measures inflation. Gas prices were the largest contributor to inflation...
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Efforts by the Federal Reserve Bank to tame inflation appear to be working. After climbing to a 41-year high of 9.1% in June of 2022, the rate on the closely watched consumer price index dropped to...
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The debt ceiling deal has cleared one hurdle, but a few more remain. That uncertainty has oil markets floundering.
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Inflation cooled in March according to the recent consumer price index report, though many economists believe the move is not permanent. Based on the March CPI – a measure of the costs of U.S....
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It looks like OPEC is ready to get serious about supporting the price of crude. These seven leading energy infrastructure stocks make sense now for investors who are more conservative and looking for...
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With oil prices possibly set to explode higher, investors may want to grab shares of these seven big dividend energy giants that are on sale now and participate in what could be a strong...
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The Biden administration is considering releasing up to 180 million barrels of oil from the U.S. strategic reserve in an effort to reduce prices consumers are paying at the pump.
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A reported agreement that would get Libyan oil flowing into the export market has sent crude prices tumbling Monday morning.
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Increasing oil production among OPEC+ partners and in the United States is keeping a lid on crude prices and new estimates do not see an end to the oil market glut until late next year or early 2022.
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Oil industry analysts at IHS Markit forecast the global over-production of crude will amount to 14 million barrels a day in the second quarter. About that much again is expected to go into storage.
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The International Energy Agency on Wednesday said that global oil demand would decline by 29 million barrels a day next month and end the year down by 2.7 million barrels a day.
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An agreement among the Saudis, the Russians, and the Americans over the weekend will lead to lower crude production beginning next month and, producers hope, higher prices.
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