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The Latest Breaking News from OPEC

Crude Prices Fall as Weekly EIA Inventories Jump

March WTI crude oil (CLH25 ) today is down -0.63 (-0.85%), and March RBOB gasoline (RBH25 ) is down -0.0060 (-0.29%). Crude and gasoline prices today are moderately lower. Crude is under pressure today from a stronger dollar, and after the weekly EIA crude and gasoline inventories rose more than...

Barchart

Crude Posts Moderate Gains on Global Supply Concerns

March WTI crude oil (CLH25 ) Tuesday closed up +0.60 (+0.82%), and March RBOB gasoline (RBH25 ) closed up +0.0223 (+1.09%). Crude and gasoline prices Tuesday posted moderate gains as they recovered from Monday's 2-week lows. The outlook for global crude supplies to remain tight is supporting prices. However, gains...

Barchart

Crude Slightly Higher on the Outlook for Global Oil Supplies to Remain Tight

March WTI crude oil (CLH25 ) today is up +0.05 (+0.07%), and March RBOB gasoline (RBH25 ) is up +0.0088 (+0.43%). Crude and gasoline prices today are slightly higher as they consolidate above Monday's 2-week lows. The outlook for global crude supplies to remain tight is supporting prices. However, gains...

Barchart

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Crude Closes Lower on Concerns About Weak Chinese Economic Activity

March WTI crude oil (CLH25 ) Monday closed down -1.49 (-2.00%), and March RBOB gasoline (RBH25 ) closed down -0.0217 (-1.05%). Crude and gasoline prices tumbled to 2-week lows Monday and settled moderately lower. Crude prices were under pressure Monday due to the concern that weakness in China's economy will...

Barchart

Crude Falls to a 2-Week Low on Chinese Energy Demand Concerns

March WTI crude oil (CLH25 ) today is down -1.38 (-1.85%), and March RBOB gasoline (RBH25 ) is down -0.0185 (-0.89%). Crude and gasoline prices tumbled to 2-week lows today and are moderately lower. Crude prices are under pressure today due to the concern that weakness in China's economy will...

Barchart

Chevron sees 1 million barrels per day from one of the world's biggest oil fields in this OPEC+ state

Chevron expects Kazakhstan's Tengiz oil field, one of the largest of its kind in the world, to produce 1 million barrels of oil equivalent per day.

Fortune

Crude Recovers on Dollar Weakness and Softening of Tariff Rhetoric

March WTI crude oil (CLH25 ) Friday closed up +0.04 (+0.05%), and March RBOB gasoline (RBH25 ) closed down -0.0188 (-0.90%). Crude and gasoline prices fell to 2-week lows on Friday, but crude recovered to settle slightly higher. Friday's fall in the dollar index (DXY00 ) to a 5-week low...

Barchart

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Crude Falls as Russian President Putin Said He's Open to Discussing Ukraine

March WTI crude oil (CLH25 ) today is down -0.33 (-0.44%), and March RBOB gasoline (RBH25 ) is down -0.0246 (-1.17%). Crude and gasoline prices today fell to 2-week lows and are moderately lower. Crude is under pressure today on comments from Russian President Putin, who said he's open to...

Barchart

Kremlin Rejects Trump's Claim That Lower Oil Prices End Ukraine Conflict

Kremlin denies link between oil prices and Ukraine conflict, contrasting with Trump's views at Davos.

Top News

Stock Markets Build On Trump Rally, Yen Climbs After BoJ Rate Hike

In a much-anticipated speech via video link at the Davos World Forum in Switzerland, Trump pushed for lower interest rates and said he would cut taxes for companies investing in the United States while imposing tariffs on those who do not.

Latin Times

Aussie shares rise as Trump calls for rate cuts

The ASX200 rose 0.4 per cent on Friday to finish up 1.2 per cent for the week as Donald Trump demanded cuts in oil prices and interest rates.

AAP

Asian Markets Build On Trump Rally, Yen Steady Ahead Of BoJ

Asian markets rose Friday after a record day on Wall Street in response to Donald Trump's tax-cut pledge, while the yen weakened slightly ahead of an expected interest rate hike by the Bank of Japan later in the day.

International Business Times

Ukraine war briefing: Russians say major oil refinery burning after Ukrainian drone strikes

Trump says Opec should cut oil prices to starve Russia of war funding; Ukraine evacuating children from towns in Kharkiv region. What we know on day 1,066See all our Ukraine war coverage

The Guardian - AU

Trump's Davos Speech, Stargate AI Plan, and Robust Earnings Lift S&P 500 To All-Time High

Trump's sweeping policy changes, cooling US Core CPI inflation data for December, a resilient economy, and a strong earnings season played a key role in the S&P500's rapid climb.

International Business Times UK

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Crude Falls as Trump Prods Saudi Arabia and OPEC to Lower Oil Prices

March WTI crude oil (CLH25 ) Thursday closed down -0.82 (-1.09%), and March RBOB gasoline (RBH25 ) closed up +0.0084 (+0.40%). Crude and gasoline prices settled mixed on Thursday, with crude falling to a 1-1/2 week low. Crude gave up early gains Thursday and turned lower after President Trump said...

Fortune

Trump says 'the Russia-Ukraine war would end immediately' if Saudi Arabia and OPEC lowered the price of oil

President Donald Trump doubled down on ending the war in Ukraine during his speech at Davos a day after threatening Russia and Putin with tariffs and sanctions.

Top News

Trump Calls On OPEC To Lower Oil Prices

President Trump urges Saudi Arabia and OPEC to lower oil prices to potentially end the Russia-Ukraine conflict.

The Independent UK

Trump threatens business leaders with tariffs and demands lower oil prices in World Economic Forum speech

President says he will demand lower oil prices from OPEC and lower interest rates from central banks globally

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Crude Prices Edge Lower on Dollar Strength and Trump Tariff Threats

March WTI crude oil (CLH25 ) today is down -0.36 (-0.48%), and March RBOB gasoline (RBH25 ) is up +0.0055 (+0.26%). Crude and gasoline prices today are mixed, with crude falling to a 1-1/2 week low. Crude is under pressure today from a stronger dollar and President Trump's threat to...

International Business Times

Trump Push To 'Drill, Baby, Drill' May Hit Industry Roadblock

President Donald Trump wants to boost US oil production, pledging to bring costs down as he returned to office this week -- but analysts warn his efforts could be hampered by the industry itself.

Barchart

Crude Prices Slip on Dollar Strength and Tariff Concerns

March WTI crude oil (CLH25 ) Wednesday closed down -0.39 (-0.51%), and March RBOB gasoline (RBH25 ) closed down -0.0286 (-1.35%). Crude and gasoline prices Wednesday settled moderately lower, with gasoline falling to a 1-1/2 week low. Wednesday's stronger dollar was bearish for energy prices. Also, President Trump's threat to...

Barchart

Crude Prices Decline on Dollar Strength and Trump Tariff Threats

March WTI crude oil (CLH25 ) today is down -0.38 (-0.50%), and March RBOB gasoline (RBH25 ) is down -0.0276 (-1.30%). Crude and gasoline prices today are moderately lower, with gasoline falling to a 1-1/2 week low. Today's stronger dollar is bearish for energy prices. Also, President Trump's threat to...

Barchart

Crude Prices Post Moderate Losses as President Trump Vows to Boost US Oil Output

February WTI crude oil (CLG25 ) Tuesday closed down -1.99 (-2.56%), and February RBOB gasoline (RBG25 ) closed down -0.0279 (-1.32%). Crude and gasoline prices Tuesday fell to 1-week lows and closed moderately lower. Crude prices tumbled Tuesday after President Trump said Monday that he plans to declare a national...

Barchart

Crude Prices Tumble as President Trump Vows to Boost US Crude Production

February WTI crude oil (CLG25 ) today is down -1.27 (-1.63%), and February RBOB gasoline (RBG25 ) is down -0.0113 (-0.53%). Crude and gasoline prices today fell to 1-week lows and are moderately lower. Crude prices tumbled today after President Trump said Monday that he plans to declare a national...

Barchart

Crude Prices Falter on Dollar Strength and Easing Middle East Tensions

February WTI crude oil (CLG25 ) Friday closed down -0.80 (-1.02%), and February RBOB gasoline (RBG25 ) closed down -0.0110 (-0.52%). Crude and gasoline prices on Friday settled moderately lower, weighed down by a stronger dollar. Also, Friday's action by Israel's security cabinet to approve a ceasefire and hostage-prisoner exchange...

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