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Saudi Aramco's decision to cut the price of its crude for Asian customers shows just how difficult it is for the world's largest oil exporter to walk the line between maintaining market share and...
WTI crude gained more than 2% on Tuesday morning, erasing some of Monday's losses, but increasingly negative sentiment in oil remains a prime risk.
U.S. crude production will rise to record highs in 2024 and 2025, but will grow less than it did last year, the U.S. Energy…
The US Senate is expected to introduce a proposal to fund the government this week. Aid to allies such as Ukraine has been stalled by the deadlock.
Oil prices dipped in early trade on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in OPEC output, offsetting worries about escalating geopolitical tensions in the Middle East. Brent crude fell 9 cents, or 0.1%, to $78.67 a barrel by 0057 GMT, while U.S. West Texas Intermediate crude futures shed 10 cents, or 0.1%, to $73.71 a barrel. Both contracts climbed more than 2% in the first week of 2024 after investors returned from holidays to focus on geopolitical risks in the Middle East following attacks by Yemeni Houthis on ships in the Red Sea.