The number of oil rigs, an indicator of short-term production in the country, fell to 478 for the week ending January 17. The number of US oil rigs fell by 19 compared to one year ago.

Oil prices saw a strong start in 2025, with Brent oil rising over 9% in January. Factors such as fresh US sanctions on ...

Crude oil futures rise on supply concerns and winter demand, while focus turns to how the incoming Trump Administration will ...

Crude’s rally continued this week on the heels of the Biden administrations announcement of new sanctions against several ...

Read about the rig count, oil prices, Petronas and more in the latest Market Talks covering energy and utilities.

Front Month ICE Brent Crude for March delivery gained $1.03 per barrel, or 1.29% to $80.79 this week --Largest four week net and percentage gain since the week ending April 5, 2024 ...

Retailers are also being impacted by the higher futures prices, with the national average rack-to-retail margin for gasoline at 31.7cts/gal, according to OPIS MarginPro data. While that is 1.8cts ...

India is now staring at the possibility of an oil shock after the U.S. decided to implement sweeping sanctions on Russia’s ...

TOKYO (Reuters) - Oil prices climbed on Friday, heading for a fourth weekly gain, driven by concerns over tighter supply ...

Front Month ICE Brent Crude for March delivery lost 74 cents per barrel, or 0.90% to $81.29 today --Off 10.84% from its 52-week high of $91.17 hit Friday, April 5, 2024 --Up 17.49% from its 52-week ...

The U.S. Energy Information Administration revealed its latest Brent spot price forecasts in its January short term energy ...

Oil prices were edging lower, but remain supported by concerns about the effect of U.S. sanctions on Russian flows and a ...