Oil’s Global Oversupply Shows Up Most Prominently in US Market
Global crude oil markets are oversupplied, and it’s most obvious in the Americas, especially the US. The futures…
Rubio Says Trump Needs ‘Real Chance’ of Ending War to Meet Putin
President Donald Trump will only agree to another meeting with Russian leader Vladimir Putin if there is a…
Iran’s Missing Uranium Stockpile Is Growing Concern at UN Nuclear Watchdog
United Nations nuclear inspectors said they are seriously concerned about the status of Iran’s inventory of near-bomb-grade uranium,…
Latest Oil Market News and Analysis for Nov. 12
Oil steadied following a three-day gain as traders eye reports that’ll shed light on the outlook for global…
Lukoil Declares Force Majeure on Iraqi Oil After Sanctions
Russia’s Lukoil PJSC declared force majeure on oil shipments from its giant West Qurna 2 field in Iraq,…
Latest Oil Market News and Analysis for Nov. 11
Oil steadied as traders tracked softening market metrics and waited for reports that may give clues about an…
Hungary’s Mol Floats Shift Away From Russia Oil Before Orban Meets Trump
Hungary’s sole refiner said it can procure most of its crude from non-Russian sources, marking a shift in…
Russia’s Crude Deliveries Plunge as US Sanctions Begin to Bite
Russia’s seaborne crude shipments fell sharply, dropping by the most since January 2024, as the latest US sanctions…
Russian Oil Finds Fewer Takers in China After Hit From Sanctions
Chinese oil refiners are shunning Russian shipments after the US and others blacklisted Moscow’s top producers and some…
Latest Oil Market News and Analysis for November 3
Oil advanced after OPEC+ said it plans to pause output increases during the first quarter after making another…
Carney Says He Apologized to Trump Over Tariff Advertisement
Canadian Prime Minister Mark Carney confirmed that he apologized to US President Donald Trump over a television ad…
US Energy Chief Wright Says Goal Is for Canada Trade Talks to Resume
US President Donald Trump said he received an apology from Canadian Prime Minister Mark Carney over a television…