WTI recovers above mid-$98.00s after gap lower as Hormuz risks offset OPEC+ output hike West Texas Intermediate (WTI) – the benchmark US Crude Oil price – rebounds following a bearish gap opening to the $96.45 area on Monday, though it sticks to modest intraday losses through...<
Oil prices edged lower in early Asian trading on Monday after President Trump announced the U.S. would guide ships through the Strait of Hormuz and OPEC+ confirmed a modest output increase. Oil prices edged lower in early Asian trading on Monday after President Trump annou
For about ten years, Big Oil moved away from Canada’s oil sands and into cheaper, more easily developed—and less regulated—locations. For about ten years, Big Oil moved away from Canada’s oil sands and into cheaper, more easily developed—and less regulated—locations. Now,
Oil falls after Trump says US would help free ships stranded in Strait of Hormuz Reuters Oil falls after Trump says US would help free ships stranded in Strait of Hormuz Reuters
Last month, we reported that Bridger Pipeline LLC has proposed a giant pipeline with a capacity in excess of 1 million barrels per day (bpd) to transport Canadian crude into the United States. Last month, we reported that Bridger Pipeline LLC has proposed a giant pipeline
Opec+ will raise output by 188,000 bpd in June, but the move is largely symbolic while the Strait of Hormuz remains closed following the US-Israel attack on Iran in late February. Opec+ will raise output by 188,000 bpd in June, but the move is largely symbolic while the St
As she sat down to pen her first email to BP’s 100,000 staff, Meg O’Neill opted against sparing the radical rhetoric. As she sat down to pen her first email to BP’s 100,000 staff, Meg O’Neill opted against sparing the radical rhetoric. To the American oil and gas thoroughb
Iraq says oil output, exports can recover within a week once Hormuz crisis ends Reuters Iraq says oil output, exports can recover within a week once Hormuz crisis ends Reuters
Following a recent oil spill, Mexico’s state-owned oil firm Pemex has come under fire again, particularly due to its poor health and safety track record. Following a recent oil spill, Mexico’s state-owned oil firm Pemex has come under fire again, particularly due to its po
Yemen says oil tanker hijacked off Shabwa coast, heads towards Somali waters Reuters Yemen says oil tanker hijacked off Shabwa coast, heads towards Somali waters Reuters