US Oil Drilling Continues to Flounder
By Julianne Geiger – Jan 30, 2026, 12:18 PM CST The total number of active drilling rigs for…
China soaks up the crude oil glut, but only if the price is right
LAUNCESTON, Australia, Jan 27 (Reuters) – Where exactly is the expected supply glut in the global crude market?…
Nigeria’s oil imports from the US surge to 42m barrels
Nigeria sharply increased its crude oil purchases from the United States in 2025, importing a total of 42.13…
Permian Basin Economy Slows Under the Shadow of Cheap Venezuelan Oil
The United States is rushing to sell off millions of barrels of Venezuelan oil after the Trump administration…
Oil Rises as Sanctions Hit Russian Exports and Lukoil Declares Force Majeure
Oil prices gained on Tuesday as fresh U.S. sanctions on Russian oil disrupted exports. OPEC+ Plays the Waiting…
OPEC+ to Pause Output Hikes Next Year as Market Set for Glut
(Bloomberg) — OPEC+ will pause output increases during the first quarter — after making another modest hike next…
Stocks Swoon as Trade Jitters Spur Rush to Bonds: Markets
(Bloomberg) — Flaring trade tensions between the US and China sent shockwaves across markets Friday, hammering stocks, oil…
Tech Stock Rally Loses Steam in Afternoon Trading: Markets
(Bloomberg) — The rally in tech stocks took a breather as equities pulled back from record highs. AI…
OPEC Rejects Media Reports of Major Output Hike Ahead of G8 Meet
OPEC has slammed the brake on speculation, flatly rejecting media reports that the G8 is preparing to hike…
OPEC Seen Likely to Approve Another Output Hike for November
(Bloomberg) — OPEC will likely raise oil output again in November as the group continues its strategy to…
Stock Buyers Step In as Data Keep Fed Bets in Play: Markets
(Bloomberg) — A renewed wave of dip buying lifted stocks in the final stretch of the week after…
UBS Sees Brent Oil Prices Staying in the High $60s in Tight Market
Brent Crude oil prices are set to stay in the near term at the upper end of the…