Oil News

A common idea persists within the energy sector that American refineries are "unable" to process the light, low-sulfur crude oil resulting from the shale oil boom. This claim often surfaces whenever ...

Oil prices are heading to record their largest weekly loss since last June, despite the slight gains achieved on Friday, amid renewed concerns regarding supplies from Saudi Arabia and oil flows ...

Oil prices rose by more than 3% on Thursday with increasing doubts about the resilience of the fragile two-week truce in the Middle East, which sparked fears of continued restrictions on energy flows ...

Oil prices fell below $100 per barrel on Wednesday after Donald Trump announced his approval of a two-week ceasefire with Iran, on the condition of an immediate and safe reopening of the Strait of ...

Oil prices hovered around the level of $110 per barrel on Tuesday, with the approaching deadline set by American President Donald Trump for Iran to reopen the Strait of Hormuz or face military ...

Oil prices fell in volatile trading on Monday as investors await clarity regarding the status of talks between the United States and Iran, while concerns persist over supply losses resulting from ...

Oil markets are bracing for the possibility of a historic price surge, with prices potentially rising to between $150 and $200 per barrel if the Strait of Hormuz remains partially closed through ...

Oil prices rose sharply during Thursday’s trading, recording weekly gains after US President Donald Trump confirmed the continuation and intensification of military operations against ...

Oil prices surged about 7% on Thursday after US President Donald Trump said the United States will continue attacks on Iran, raising fears of prolonged disruptions to global oil ...

The US dollar declined for the second consecutive day on Wednesday amid growing expectations of a potential ceasefire in the ongoing conflict in the Middle East, after the United States indicated ...