Oil prices edge lower as traders evaluate latest U.S. inflation data
The CPI for February rose 0.4% for the month, in line with expectations, but the annual rate came in slightly ahead of the 3.1% forecast.
Oil extends last week’s losses ahead of key inflation, crude data
Traders are waiting for the consumer and producer price indexes, released Tuesday and Thursday, for additional signs of when the Fed might cut interest rates.
Saudi oil giant Aramco posts 25% fall in full-year profit
The earnings come after the Saudi government transferred an additional 8% of Aramco shares, worth $164 billion, to Saudi Arabia’s Public Investment Fund.
Oil prices steady as market weighs mixed U.S. jobs report
Traders are parsing nonfarm payrolls data to assess where interest rates — and oil demand —will go.
Here’s why gas is so expensive in California
California has some of the highest gas prices in the United States. Here’s what’s driving gas prices higher and how drivers can save at the pump.
Oil prices fall as market weighs U.S. inventory data, interest rate outlook
A smaller-than-expected U.S. crude oil inventory increase and a drop in gasoline stockpiles are underpinning prices.
Oil prices rise ahead of Fed chair testimony, U.S. inventory data
Traders will be closely watching Powell’s testimony before the House for detail on the possible timing of interest rate cuts.
Oil prices fall as market shrugs off China growth pledge, OPEC+ production cuts
Traders have worried for months that faltering growth in China and an abundance of crude produced in the Americas will put downward pressure on prices.
The North Sea could become a ‘central storage camp’ for carbon waste. Not everyone likes the idea
Norway’s government wants to show the world it is possible to safely inject and store carbon waste under the seabed.
Oil prices slip after OPEC+ extends voluntary oil output cuts until mid-year
Oil prices traded mixed Monday after oil cartel OPEC+ agreed to extend voluntary output reductions until the second quarter of this year.