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The Latest Breaking News from OPEC

Production cuts are aimed at preventing oversupply in the global oil market are expected to boost oil prices potentially. Moreover, the energy services industry is thriving thanks to robust demand. Hence, fundamentally sound energy stocks Schlumberger (SLB), Oceaneering International (OII), and Archrock (AROC) might be suitable additions to one’s watchlist.

StockNews.com

Crude Gives up Early Gains on a Hawkish Fed

October WTI crude oil (CLV23 ) on Wednesday closed down -0.92 (-1.01%), and Oct RBOB gasoline (RBV23 ) closed down -3.89 (-1.46%). Oct WTI crude oil and gasoline prices Wednesday gave up early gains and posted moderate losses after the Federal Reserve raised its estimate for interest rates next year,...

Barchart

Chevron CEO says we're headed for oil at $100—but is confident consumers can handle it

Why are gas prices so expensive? When will gas get cheaper? Where can you get the cheapest gas? Here's what you need to know.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Skyjackings, strikes and political strife: 50 years of Europe in photos, part one

The Guardian’s Europe correspondent Jon Henley and picture editor Guy Lane reflect on a half-century of upheaval

The Guardian - UK

Crude Prices Post 10-1/2 Month High on Tight Supply Outlook

October WTI crude oil (CLV23 ) today is up +1.45 (+1.59%), and Oct RBOB gasoline (RBV23 ) is down -0.0130 (-0.48%). Oct WTI crude oil prices today climbed to a new 10-1/2 month high on the nearest-futures chart, extending the rally seen in the past three months driven by expectations...

Barchart

Crude Prices Continue Higher on Tight Supply Outlook

October WTI crude oil (CLV23 ) today is up +1.14 (+1.26%), and Oct RBOB gasoline (RBV23 ) is up +0.0141 (+0.52%). Oct WTI crude oil prices today climbed to a new 11-month high, extending the rally seen in the past three months. Oil prices have support from forecasts last week...

Barchart

2 Oil Stocks to Buy Today, 1 to Keep an Eye On

Surging oil prices on solid demand worldwide and extended production cuts by Saudi and Russia are driving the energy sector’s growth. Amid this backdrop, it could be wise to invest in fundamentally sound oil stocks Cheniere Energy (CQP) and Global Partners (GLP), while investors could keep an eye on Viper…

StockNews.com

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Global inflation fears as oil price rises towards $100 a barrel

Rise of 30% since June follows increasing demand in China and production cuts by Russia and Saudi Arabia

The Guardian - UK

US in ‘regular contact’ with Saudi Arabia over global oil supplies

Constant discussions aim to ensure a ‘stable and affordable supply of energy to global markets’, White House says.

Al Jazeera

Crude Prices Finish Higher on Dollar Weakness and Chinese Energy Demand Optimism

October WTI crude oil (CLV23 ) on Friday closed up +0.61 (+0.68%), and Oct RBOB gasoline (RBV23 ) closed down -3.46 (-1.26%). Crude oil and gasoline prices on Friday settled mixed, with crude climbing to a 10-1/4 month high. Dollar weakness Friday was supportive of energy prices. Also, stronger-than-expected economic...

Barchart

Crude Prices Gain on Dollar Weakness and Strong Chinese Economic News

October WTI crude oil (CLV23 ) this morning is up +0.36 (+0.40%), and Oct RBOB gasoline (RBV23 ) is down -2.81 (-1.02%). Crude oil and gasoline prices this morning are mixed, with crude climbing to a 10-month high. Dollar weakness today is supportive of energy prices. Also, stronger-than-expected economic reports...

Barchart

Crude Settles Higher on Increased China Stimulus and Strong U.S. Economic News

October WTI crude oil (CLV23 ) on Thursday closed up +1.64 (+1.85%), and Oct RBOB gasoline (RBV23 ) closed up +0.43 (+0.16%). Crude oil and gasoline prices Thursday extended this week's rally, with crude posting a 10-month high and gasoline posting a 2-week high. Crude rallied Thursday on speculation China's...

Barchart

Which of These 3 Energy Stocks Is a Better Buy: Exxon Mobil Corp. (XOM), Valero Energy (VLO), or Chevron (CVX)?

The energy sector is poised for a robust expansion thanks to soaring oil prices and surging demand. Therefore, let us analyze three energy stocks, Exxon Mobil Corp (XOM), Chevron Corp (CVX), and Valero Energy (VLO), to determine which stock could be a better portfolio addition. Learn more….

StockNews.com

Crude Prices Jump on Increased China Stimulus and Strong U.S. Economic News

October WTI crude oil (CLV23 ) this morning is up +1.60 (+1.81%), and Oct RBOB gasoline (RBV23 ) is up +1.85 (+0.68%). Crude oil and gasoline prices this morning are higher, with crude posting a 10-month high and gasoline posting a 2-week high. Crude rallied today on speculation China's economic...

Barchart

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news in one place.

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Fortune

JPMorgan strategist says oil price surge 'doesn’t seem worth losing sleep over in 2023'

JPMorgan's chief global strategist, David Kelly, explains why he's not worrying about the recent spikes in oil prices.

StockNews.com

Shell (SHEL), Devon Energy (DVN), and Par Pacific (PARR): Energy Stock Buy, Hold or Sell?

Growing demand worldwide and constrained crude supply aggravated by extended production cuts by Saudi and Russia are expected to push oil and gas prices higher, boosting the energy sector’s prospects. Amid this, let’s find out if you should buy, sell, or hold energy stocks Shell (SHEL), Devon Energy (DVN), and…

Barchart

Crude Prices Close Lower as Weekly EIA Inventories Unexpectedly Climb

October WTI crude oil (CLV2 3 ) on Wednesday closed down -0.32 (-0.36%), and Oct RBOB gasoline (RBV23 ) closed up +1.05 (+0.38%). Crude oil and gasoline prices on Wednesday settled mixed. Crude fell from a 10-month high Wednesday and closed lower on a bearish weekly EIA inventory report. Crude...

Barchart

Crude Prices Strengthen on the Outlook for Tighter Global Supplies

October WTI crude oil (CLV23) this morning is up +0.23 (+0.26%), and Oct RBOB gasoline (RBV23) is up +0.40 (+0.15%). Crude oil and gasoline prices this morning are modestly higher, with crude posting a nearly 10-month high. Tightness in global oil supplies is underpinning oil prices after OPEC on Tuesday...

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news in one place.

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Barchart

Crude Prices Push Higher as OPEC Projects Global Oil Supplies to Tighten Further

October WTI crude oil (CLV23 ) on Tuesday closed up +1.55 (+1.78%), and Oct RBOB gasoline (RBV23 ) closed up +0.92 (+0.34%). Crude oil and gasoline prices on Tuesday posted moderate gains, with crude climbing to a nearly 10-month high and gasoline posting a 2-week high. Tightness in global oil...

Barchart

Crude Rallies as OPEC Projects Global Oil Supplies to Tighten Further

October WTI crude oil (CLV23 ) this morning is up +1.73 (+1.98%), and Oct RBOB gasoline (RBV23 ) is up +1.67 (+0.61%). Crude oil and gasoline prices this morning are moderately higher, with crude climbing to a nearly 10-month high and gasoline posting a 2-week high. Tightness in global oil...

Barchart

Can Heating Oil Prices Explode Again?

NYMEX heating oil prices rose to a record high in April 2023, soaring past the previous 2008 peak. Heating oil is a distillate fuel, and the NYMEX futures are a proxy for jet and diesel fuels. Despite heating oil’s use as a winter fuel, distillates experience less seasonality than gasoline…

StockNews.com

3 Energy Stocks to Keep on Your Radar This Month

The energy sector presents a strong prospect for substantial growth this year, driven by surging crude oil prices. Given this backdrop, it might be wise to add quality energy stocks TotalEnergies SE (TTE), PBF Energy (PBF), and Marathon Oil Corporation (MRO) to your watchlist this month. Read on….

The Guardian - UK

Petrol prices expected to rise as oil cost climbs above $90 a barrel

Motorists could be hardest hit after Russia and Saudi Arabia extend cuts to supplies

The Independent UK

Saudi Arabia, Russia plan to extend 1.3 million barrel a day oil cut through the end of the year

Saudi Arabia and Russia have agreed to extend their voluntary oil production cuts through the end of the year

USAFacts

What causes high gas prices?

The price of crude oil is the single biggest contributor to the retail price of gasoline.

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