Crude oil prices jumped following U.S. attacks on the Yemeni Houthis, as ongoing tensions in the Red Sea and potential ...

Javier Blas is a Bloomberg Opinion columnist covering energy and commodities. He is coauthor of “The World for Sale: Money, ...

Crude oil prices jumped following the US military strikes on the Iran-backed Houthi militants, in response to the Yemen-based group’s commercial vessel attacks in the Red Sea. However, a deteriorating ...

SINGAPORE] Oil rose for a second day after top importer China said it would take steps to revive consumption by boosting ...

Oil prices opened about 1% higher on Monday after the United States vowed to keep attacking Yemen’s Houthis until the ...

Saudi Arabian Oil, better known as Aramco, is recalibrating its dividend strategy as it navigates weaker oil prices and rising capital investment demands. The world’s largest oil and gas producer ...

In January 2024, Khaled Al-Sabah, CEO of Kuwait Petroleum Corporation (KPC), unveiled an ambitious $30 billion investment ...

Distillate fuel inventories grew by 3.9 million barrels from the previous week. Crude oil imports increased by 98,000 bpd, averaging 5.9 million bpd. Over the past four weeks, crude oil imports ...

Saudi Arabia’s state-owned oil giant Aramco has reported a $106.25 billion profit in 2024, down 12% from the prior year on ...

Brent crude oil futures settled up $1.51, or 2.1%, at $74.04 a barrel. US West Texas Intermediate crude oil futures rose $1.73, or 2.5%, to $70.35. The contracts had settled in the previous ...

GUPCO plans to further develop the discovery by drilling two additional wells, which are expected to increase daily crude oil production by more than 5,000 barrels. Preliminary test results from ...