U.S. won’t reach new record oil production ‘ever again’: Pioneer CEO
While oil production in the U.S. will continue its return towards pre-Covid levels, limits on refining capacity and inventory mean it will not grow as...
Venezuela, Chevron formally sign oil contracts in Caracas By Reuters
© Reuters. FILE PHOTO: The logo and trading information for Chevron is displayed on a screen on the floor of the New York Stock Exchange...
G-7 Aims to Announce Russian Oil Price Cap Level Next Week By Bloomberg
© Bloomberg. A worker guides drilling pipes at a gas drilling rig on the Gazprom PJSC Chayandinskoye oil, gas and condensate field, a resource base...
Oil hits 6-week low on China demand worries; crude in ‘contango’ mode By Investing.com
© Reuters. By Barani Krishnan Investing.com – Crude prices entered into “contango” mode — a market structure that defines weakness — the first time since...
Oil slides 2%, posts second weekly decline as supply fears recede By Reuters
© Reuters. FILE PHOTO: Pumpjacks are seen during sunset at the Daqing oil field in Heilongjiang province, China August 22, 2019. Picture taken August 22,...
Fitch: This Is The Biggest Downward Risk For Oil Markets In 2023
Short-term oil price forecasts have been persistently bullish this year, with most forecasters expecting benchmarks to top $100 sometime next year. Over the longer term,...
Bets On $200 Oil Surge As Traders Eye Extreme Volatility
A week ago, the U.S. Energy Information Administration cut its crude oil demand outlook for 2023 by 320,000 bpd, with supply also falling, by 300,000....
Record hash rates may see Big Oil become a major BTC mining player By Cointelegraph
Record hash rates may see Big Oil become a major BTC mining player Surging (BTC) network hash rates are causing problems for mining companies but...
Biden Is Running U.S. Energy Security Into The Ground
The White House divulged late on Tuesday its plan to release 15 million barrels of crude oil from the strategic petroleum reserve to be delivered...
Oil Prices Crumble As Core U.S. Inflation Hits 40-Yr High
Oil prices fell on Thursday morning following new CPI data that showed core inflation in the United States had risen to the highest level in...