Oil settles down more than 2% on weak demand outlook and hefty US crude build
Oil settled down more than 2% on Thursday as OPEC and the IEA cut their demand forecasts and US crude…
Oil News (WTI)
Latest WTI crude oil news — price movements, OPEC+ production decisions, US inventory data and energy market analysis.
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Russia’s Diesel Exports Crash to Multiyear Low as Drone Strikes Squeeze Refiners
Russia's diesel and gasoil exports crashed to just 80,000 barrels per day in the first week of August, a multiyear…
Iran and US Make Competing Claims Over Control of Strait of Hormuz
Iran's Basij paramilitary chief said Thursday that the Strait of Hormuz remains under Tehran's control, a day after President Trump…
Oman oil spill nears Strait of Hormuz, traffic-normalization odds fall to 15.5%
An oil spill from the grounded tanker Caroline Bezengi has reached Oman's southern coast near the Strait of Hormuz. Prediction…
Oil falls more than 3% on weaker demand outlook and US crude buildup
Oil dropped more than 3% on Thursday as a large U.S. crude stock build and lower demand forecasts from OPEC…
