News

From a technical perspective, WTI Prices are showing an improving bullish momentum on Thursday. The 4-hour RSI stays at ...
The US Energy Information Administration or EIA stated yesterday US crude oil refinery inputs averaged 17.1 million barrels per day during the week ending June 27, 2025, which was 118 thousand barrels ...
West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session. WTI trades at $66.08 per barrel, down from Wednesday’s close at $66.75. Brent Oil Exchange Rate (Brent crude) ...
The decrease comes after US President Donald Trump, who has encouraged US producers to "drill, baby, drill," doubled tariffs ...
Crude oil futures jumped after Iran said it is suspending cooperation with the International Atomic Energy Agency, returning ...
U.S. crude oil production averaged 13.433 million barrels per day (b/d) during the week ending June 27, down by 2,000 b/d from the previous week, the U.S. Energy Information Administration (EIA) said ...
U.S. crude oil imports increased while exports decreased during the week ending June 27, the U.S. Energy Information Administration (EIA) said in a report released on Wednesday.
At 419 million bbl, US crude oil inventories are about 9% below the 5-year average for this time of year, the EIA report indicated.
The US Energy Information Administration or EIA stated in a latest update that OPEC members earned about $550 billion in crude oil export revenues in 2024, a 9%, or $55 billion (nominal $) decline ...
Crude imports increased by 976,000 barrels a day to 6.9 million barrels, while exports fell by almost 2 million barrels a day to 2.3 million barrels a day. The EIA estimated U.S. crude oil production ...
Crude oil inventories in the United States increased by 3.8 million barrels during the week ending June 27, according to new data from the U.S. Energy Information Administration (EIA) released on ...
Saudi Arabia, OPEC’s top oil producer, earned $179 billion in 2024, making up about a third of the group’s total revenue..