The post Daily Infographic: EIA forecasts crude oil prices will increase through 2024 as demand rises above supply appeared first on FreightWaves.

Iran’s parliament has approved potential closure of Strait of Hormuz in response to US strikes on Iranian nuclear sites, but ...

Infographic: How much oil does Russia produce? Russia is one of the largest producers of crude oil, and it provides more than a third of Europe’s oil imports.

American leader touts 'great honor to make this happen' as Beijing backs Tehran's commitment to safeguarding 'its sovereignty ...

Energy demands in crude oil processing Separating crude oil into products such as gasoline, diesel and heating oil currently relies on distillation, which consumes substantial amounts of energy. This ...

July WTI crude oil (CLN25 ) Wednesday closed up +0.95 (+1.56%), and July RBOB gasoline (RBN25 ) closed up +0.0152 (+0.74%). Crude oil and gasoline prices rallied Wednesday on concern the US might ...

Oil prices are at their lowest levels since the spring of 2021. At Thursday's close, a barrel of West Texas Intermediate crude was $59 a barrel, down from $74 at the start of January. The last ...

The Indian stock markets closed lower on Tuesday after a weak trading session, as escalating geopolitical tensions and ...

On Long Island, the drop in oil prices means significantly lower gas prices than a year ago, according to AAA. The price per gallon on Long Island was $3.03 on average on Tuesday.

Crude oil now costs 15 percent less than it did before the president revealed his plans to impose stiff new tariffs on imports from most countries. By Rebecca F. Elliott Reporting on energy U.S ...