U.S. crude oil and gasoline inventories fell last week, buoyed by stronger demand and exports, while distillate stockpiles ...

Crude tanks 6% as Iran hits US base: 'If serious, they'd hit tankers,' says Brookings fellow Despite the escalating rhetoric, markets interpreted the strike as a limited gesture rather than the ...

A decision by major oil producers this weekend could pull prices for crude down to their lowest levels since 2021, with demand tough to gauge against a trade-war backdrop and some countries ...

U.S. crude oil inventories fell unexpectedly last week as exports increased and refineries raised their capacity use, according to data released Wednesday by the U.S. Energy Information ...

Dangote Refinery says limited NNPC supply is driving import dependence. The Dangote Petroleum Refinery in Nigeria is ramping up its crude storage capacity by 1bn litres (about 6.29m barrels) as low ...

February WTI crude oil (CLG25 ) today is up +0.78 (+1.10%), and February RBOB gasoline (RBG25 ) is up +0.0107 (+0.54%). Crude oil and gasoline prices today are pushing higher, with crude posting ...

A tank farm for crude oil will only pose environmental, health and financial risks to our Jones Creek community.

Surplus crude oil production capacity is projected in the STEO to come in at 4.48 million barrels per day in the fourth quarter of 2024, 4.37 million barrels per day overall in 2024, and 4.18 ...

The crude-to-chemicals market has the potential to reach over USD 200 billion by 2040 as demand for fossil fuels as transport fuel declines ...

China boosted the volume of crude oil being stockpiled in December as lower prices encouraged refiners to lift imports and maintain high levels of throughput at their plants.

Prices of Brent crude and West Texas Intermediate were down nearly 4% on Wednesday as an unexpected and significant increase in U.S. gasoline inventories added to concerns about lagging demand ...

Crude tanks at the largest US storage hub and the pricing point for millions of dollars worth of oil contracts are running dry, threatening their ability to operate normally and sending prices for ...