Big Oil Expects Record Profits but Keeps Spending in Check
Oil majors are expected to report profit jumps of 84% to 158% for the third quarter. Yet they are likely…
Oil News (WTI)
Latest WTI crude oil news — price movements, OPEC+ production decisions, US inventory data and energy market analysis.
US Crude Oil
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86.200
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Oil edges higher as Russia-Ukraine talks and Middle East risks collide with a US crude draw
Oil prices were slightly higher on Wednesday as traders weighed possible Russia-Ukraine diplomacy against a lack of breakthroughs in Pakistani-Iranian…
Saudi air defenses intercept drone aimed at Shaybah oilfield
Saudi Arabia's energy ministry says its air defenses intercepted a drone aimed at the Shaybah oilfield. No damage or operational…
Russian oil tax price runs 60% above budget assumptions in October
The rouble-denominated price of Russian oil used for tax calculations has averaged about 60% above the federal budget assumption so…
US Crude Inventories Fall 3.1 Million Barrels, Beating Forecasts
US commercial crude stockpiles fell by 3.1 million barrels in the week ending October 16, to 412.5 million barrels, the…
