Oil poised for first monthly gain since September as Middle East on brink of wider conflict
Geopolitical tensions are also simmering in the Middle East with the U.S. and Iran standing on the precipice of a more direct confrontation.
Saudi Arabia’s fourth-quarter GDP falls 3.7% year-on-year on decline in oil activities
The drop was a result of a 16.4% decline in oil activities, the report stated.
One activist investor is taking on BP, urging the oil giant to scale back green pledges
Activist investor Bluebell Capital Partners is pushing for BP to urgently change tack.
Saudi Arabia’s Aramco halts plans to increase maximum crude production capacity
Oil prices higher after Iran-linked drone strikes kill U.S. troops; Biden vows retaliation
Oil prices advanced after missiles launched by Iran-backed militants killed three U.S. troops in Jordan and struck a fuel tanker in the Red Sea.
Oil tanker hit by missile in Gulf of Aden after transiting Red Sea
The Marlin Luanda, a petroleum products tanker vessel operated for Trafigura, was struck by the missile in the Gulf of Aden. Houthi militants claimed responsbility.
Oil poised for weekly gain as U.S. economic growth, China stimulus raise demand hopes
WTI and Brent pulled back Friday but the two benchmarks are set to post a weekly gain of more than 4%.
Oil prices dip on demand worries as U.S. gasoline stocks surge
Rising gasoline stocks are a signal that demand might be weakening as supply returns to the market after disruptions in Libya and North Dakota.
As more tankers divert from Red Sea, Suez Canal, booming US oil industry gets another boost
US oil production is at a record, and as more crude tankers avoid the Red Sea and Suez Canal, Europe is buying more of it for the diesel market.
Oil prices fall as investors monitor supply threats, Libya production restart
The potential threats to crude supplies have been tempered by Libya restarting production at the Sharara oilfield