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Crude imports hit record highs, with December stockpiling estimated at 2.67 million bpd-the fastest pace since 2020-as ...
Jan 28 (Reuters) - Citi said on Wednesday that oil prices may stay elevated due to rising geopolitical risks, U.S.
Saudi Arabia's past oil price wars in 2014–2016 and 2020 backfired, as U.S. shale producers became leaner and more efficient. Riyadh drained hundreds of billions in reserves and faced rising fiscal ...
As tensions have cooled in Venezuela, oil traders have begun pricing in a risk premium on another potential geopolitical shock for the global energy market: Iran.
Oil prices over the past week were driven by a tug-of-war between geopolitical risk and soft underlying fundamentals.
The cost of oil in the U.S. dipped slightly on Monday, but prices are still up since the Israel and Iran war started. In a social media post, President Donald Trump is pushing for oil prices to remain ...
Gasoline prices at the pump last week fell to their lowest average intraday price in four years, but still aren’t likely to see a dip below President Donald Trump’s $2-a-gallon target anytime soon.