News

Oil prices are climbing because a new battle for global market share is brewing
Here’s why oil prices are climbing to their highest levels in two weeks, despite a group of oil producers agreeing to open ...
Interior Department changes rules to allow oil, gas leases to 'comingle' output
The U.S. Interior Department is taking steps to make it easier for oil and gas companies to "commingle" multiple U.S. onshore ...
Hess to exit Suriname offshore oil block after partners leave over drilling risks
U.S. oil producer Hess Corp has decided to withdraw from Suriname's offshore Block 59, the South American nation's state oil ...
Crude oil edges higher as EIA trims its 2025 U.S. oil production forecast
Crude oil prices edged higher as the oil market's response to OPEC+'s larger than expected production increase remains muted, ...
Oil Pares Losses as Market Shrugs off Larger OPEC+ Output Hike
Despite concerns over excess supply, oil prices overturned declines from earlier in Monday’s session, as downside risks ...
OilPrice.com2h
Can the Oil Market Absorb OPEC+ Output Hikes?
Growing supply from the OPEC+ group, although not as high as the monthly headline figures suggest, is set to create an ...
Hungary’s Mol Eyes Ukraine Port Access to Phase Out Russian Oil
Mol Nyrt., the Hungarian oil company that’s faced criticism for maintaining strong reliance on Russian energy, sees a ...
Here’s the open secret as U.S. tightens sanctions on Iran’s oil exports
The U.S. continues to show it’s serious about punishing Iran for its nuclear ambitions and support for terrorism, but tighter ...
OilPrice.com5h
Crude Oil Inventories Spike Threaten Price Rally
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose sharply this week, ...
Turkey's youngest oil wrestlers keeping a 14th-century tradition alive
EDIRNE, Turkey -- On a grass field slick with olive oil and steeped in tradition, hundreds of boys as young as 11 joined the ...