The Urals oil price in Northwestern Europe reached $24.68 a barrel for the first time since mid-March, Argus agency reports. The Urals is traded with the $0.85/barrel premium against the BrentRead More
US President Donald Trump called on Thursday for involving China in new arms control talks with Russia, telling his Russian counterpart Vladimir Putin that they need to avoid a “costly arms race,” theRead More
The Railroad Commission of Texas and oil producers’ associations are warning oil firms in the state that people have been visiting oil sites claiming, falsely, to be inspectors of the Railroad Commission, theRead More
Crude prices finished with a second straight week of double-digit gains on Friday after the U.S. oil rig count hit financial crisis lows. West Texas Intermediate, the benchmark for U.S. crude, settled upRead More
Oil was up on Tuesday morning in Asia, building on its gains from the previous session. Brent oil futures rose 1.40% to $28.23 by 9:43 PM ET (2:43 AM GMT) and WTI futures jumped 6.38% to $21.69. Demand for the black liquid continuesRead More
Oil prices climbed in early trade on Tuesday, adding to gains in the previous session, on expectations that fuel demand will begin to pick up as some U.S. states and nations in EuropeRead More
Canada is likely going through its worst-ever recession, with more pain to come in May when the statistics authorities and analysts will have a fuller picture of the economic disaster brought about byRead More
A federal judge, rapping the Trump administration for its weak environmental assessments, has vacated hundreds of oil and gas leases across a large swath of Montana.Custer County in Montana is predominately covered byRead More
The Federal Reserve revamped its Main Street Lending Program in ways that will allow battered oil companies to qualify for the aid after industry allies lobbied the Trump administration for changes. Larger, moreRead More
U.S. oil futures continued to trade in negative territory on Tuesday, after closing down nearly $40 on Monday in their first-ever sub-zero dive, as concerns grew the United States will run out ofRead More
