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EIA reports unexpected rise in crude oil inventories, market reacts
In a surprising turn of events, the Energy Information Administration (EIA) reported an unexpected rise in crude oil inventories. The weekly change in the number of barrels of commercial crude oil held by US firms showed an increase of 1.328 million barrels.
A U.S. sovereign downgrade by Moody's, meanwhile, dampened the economic outlook for the world's biggest energy consumer and ...
Shares rose in Asia on Wednesday while oil prices jumped more than $1.20 a barrel following a report that Israel may be ...
When Trump was sworn in Jan. 20, the national average price of a gallon of regular gasoline was $3.11. After falling to $3.06 and rising to $3.24 in the subsequent weeks, a gallon on May 12 cost $3.12 ...
South Africa will wait for global oil prices to rise to around $100 a barrel before selling more of its strategic crude ...
Diesel prices are up to $3.536 per gallon and gasoline to $3.173, rising as summer travel approaches. The West Coast has the ...
Saudi Arabia’s direct crude burn for power generation is expected to increase this summer, potentially helping to offset concerns over a growing global oil glut.
Behind OPEC+'s plan to ramp up oil output and punish over-producing allies, group leaders Saudi Arabia and Russia are pushing ...
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