(Bloomberg) — Republicans are floating legislation that would ease energy permitting in exchange for raising the US debt ceiling, creating a potential path to avoid a default.
The White House is still insisting on a bill that …
WASHINGTON – The Group of Seven countries is working to cap the price of Russian oil in an attempt to limit Moscow’s ability to fund its invasion of Ukraine, a plan analysts say could work in the long term …
(Bloomberg) — Bumping along the desolate highways of the Permian Basin, the world’s busiest oil field, there are long stretches where all you see are drilling rigs, sage brush and miles upon miles of sand. That’s why it’s …
OPEC’s meeting to decide the future of production cuts is quickly approaching, and many expect that the group will extend their deal through at least the end of this year.
The production cuts, when they were first initiated, helped to …
Bad blood between Saudi Arabia and Iran could threaten to halt yet another OPEC production deal. Reports from Reuters indicate that Saudi Arabia has threatened to increase production …
Oil fell more than 3% Thursday despite hopes that OPEC might freeze production. Investors were more concerned with this week’s crude oil stockpile build than talk from OPEC after the EIA announced a …
The price of both U.S. and international crude oil benchmarks has been fluctuating this morning following news from the Energy Information Administration that crude stockpiles grew by more than 10 million barrels last week. The …
Both U.S. and international benchmark crude tumbled more than 4% this morning after making gains in the last week. The culprit was the comment from Saudi …
Oil prices are up more than 7% and 5% for WTI and Brent crude, respectively, today as news from the International Energy Agency forecasts production falling amid a …
Saudi Arabia today cut prices of its oil to customers in major markets including Europe, Asia and the Mediterranean in the hopes of defending its market share. The move is seen …
Prices for West Texas Intermediate (WTI) and Brent crude were both up on news that U.S. oil production is continuing to slow. Light, sweet crude for May …
