WTI crude fell to its 52-week low of $64.78 per barrel on Sep. 10, 2024. It reached its 52-week high of $91.09 on Oct. 20, ...

June Non-OPEC oil production increased by 106 kb/d to 52,549 kb/d. The largest increases came from Canada and Brazil while ...

Read here for an update on the latest geopolitical tensions in the Middle East and how they are impacting oil prices and ...

The Brent/WTI spread has historically ranged between $4/bbl and $8/bbl, but it can expand or contract based on factors ...

Oil markets are nervous. Last week crude prices rose by 10%, to $78 a barrel, their biggest weekly gain in almost two years ...

U.S. dockworkers agreed to return to work after port operators sweetened their contract offer, ending a three-day strike that threatened to disrupt the American economy. The breakthrough Thursday came ...

Concerns have been eased by OPEC's oil production capacity and the fact that global crude supplies remain unaffected by unrest in the key producing region. OPEC has sufficient spare capacity to ...

As part of the review of the force majeure situation, NOC confirmed in its statement that it "can resume the operations of crude oil production and exporting operations to its customers.” ...

Upstream companies engage in the exploration and production (E&P) of crude oil and natural gas. This entails searching for oil below the ground and drilling wells in order to access those reserves.

Sept 27 (Reuters) - About 24% of crude oil production and 18% of natural gas output in the U.S. Gulf of Mexico was shut in response to Hurricane Helene, the U.S. Bureau of Safety and Environmental ...

Led by the U.S., non-OPEC oil, especially light sweet crude, is on the market in ever greater volumes. Higher production in Brazil, Canada, Guyana and Norway along with that of the U.S. is more ...