The US oil boom has been a highlight of the energy markets over the last few years, with American shale producers pumping vast amounts of crude. According to the Energy Information Agency ...

On Dec. 19, in an overnight drone attack on an oil refinery in Novoshakhtinsk, Rostov Oblast, the Crude Oil Distillation Unit (CDU) was reportedly hit and set on fire. The Novoshakhtinsk oil refinery ...

Crude oil prices ticked lower today, after the U.S. Energy Information Administration reported an inventory draw of 1.2 million barrels for the final week of 2024 but said gasoline and middle ...

The Federal Government may cut its crude oil supply to the Dangote Petroleum Refinery, reducing it from the current allocation of 300,000 barrels per day, except if there is a surge in Nigeria’s ...

(Bloomberg) -- Oil began 2025 by rising to the highest since October, buoyed by bullish technical indicators and shrinking US crude stockpiles. West Texas Intermediate jumped 2% to settle above $ ...

One thing President-elect Donald Trump can probably count on next year is falling oil prices ... and Norway. Brent crude futures (BZ=F) rose to $74.60 a barrel on Tuesday and US West Texas ...

Meanwhile, U.S. crude oil stocks fell last week while fuel inventories rose, market sources said, citing American Petroleum Institute figures on Tuesday. Crude stocks fell by 1.4 million barrels ...

Russia's average daily production of crude oil in 2024 slumped to its lowest level in nearly two decades, according to the latest figures, which reportedly show the impact of Ukrainian drone ...

The United States is also the largest consumer of oil, using about 20% of the world's supply, followed by China and India, which consume 15% and 5%, respectively. India stands out as the world's ...

0908 ET – Oil futures are higher heading into year-end, with the market set to focus on 2025 supply and demand dynamics. “WTI has repeatedly rallied on attempts to break below $67, which has ...

As the energy market looks for clues on global crude oil demand growth in 2025, many are eyeing how things may unfold in India with China's consumption flattering to deceive. In 2024, India proved ...