News

Oil gains 1% as Ukraine drone attacks target Russian supply

Oil prices rose over 1% on Tuesday as markets weighed the possibility that Russian supplies may be disrupted by Ukrainian ...

IEA Further Lifts Oil Supply View, Pointing to Larger Surplus Ahead

Global oil markets are bracing for an even larger surplus than previously anticipated as supply growth continues to far ...

Global oil supply set to grow faster, with potential 2026 surplus, says IEA

IEA forecasts faster global oil supply growth, projecting a potential 2026 surplus due to increased OPEC+ and non-OPEC+ ...

WTI Crude Oil Slips Below $62 As Supply Concerns Outweigh Demand Optimism

​WTI crude oil futures are facing renewed pressure, sliding below $62 per barrel in Friday’s session and extending losses for ...

Trump's push for NATO's Russian oil sanctions could raise US gas prices

President Donald Trump is urging NATO allies to stop buying Russian oil, a move that experts warn could lead to higher gas ...

Commodities wrap: gold soars to new high yet again; oil and silver prices rise sharply

Gold hits a record $3,733 as Fed rate cut bets rise, oil climbs on Russian supply fears, and silver rallies past $43.
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California Passes Bill to Boost Oil Production Amid Refinery Shutdowns

California passed SB 237, allowing up to 2,000 new oil wells annually in Kern County to offset refinery closures and rising import dependence, though critics doubt it will lower fuel costs.

Ukraine Claims Overnight Strike on Russia’s Saratov Oil Refinery

Ukraine attacked the Saratov crude-oil refinery in Russia’s Volga region overnight as Western nations seek to push President ...