WTI, Brent best week in more than two months
Crude oil futures rose for a fifth day Friday, on pace for the best week in more than two months as analysts see a tighter market heading into the third …
Oil and Gas
OPEC calls for more fossil fuel investment, dismisses peak oil demand
The head of OPEC said Thursday that the world will need to invest in fossil fuels for decades to prevent an energy shortage, dismissing predictions that oil demand will peak …
West Texas Intermediate holds steady
Aerial view of Olmeca oil refinery belonging to the Petroleos Mexicanos (PEMEX) company, located in Paraiso, Tabasco state, Mexico, May 20, 2024. Yuri Cortez | Afp | Getty Images Crude …
WTI extends gains on supply deficit projection
U.S. crude oil rose more than 1% Wednesday, extending this week’s rally as OPEC and the Department of Energy see steady demand this year. The Department of Energy raised its …
Big Oil given stark warning as a major supply surplus expected by 2030
An oil pumpjack is shown near the Callon Petroleum vicinity on March 27, 2024 in Monahans, Texas. Brandon Bell | Getty Images News | Getty Images The International Energy Agency …
WTI little changed as OPEC sticks to forecast
Crude oil futures were little changed Tuesday as OPEC stuck to its demand forecasts, counting on steady economic growth this year. Oil prices rallied more than 2% Monday and have …
WTI, Brent higher on summer fuel demand
Platform Eureka, an offshore oil and gas platform operated by Beta Operating Company LLC, off the coast of Long Beach, California, US, on Thursday, Nov. 2, 2023. Tim Rue | …
Saudi oil giant Aramco’s shares rise after stock sale set to raise $11.2 billion
Saudi Aramco logo and stock graph are seen through a magnifier displayed in this illustration taken September 4, 2022. Dado Ruvic | Reuters Shares of Saudi Arabia’s Aramco rose on …
Renewables will be main power source for data centers: Nextracker CEO
Photoelectric modules at a solar farm in Hanstholm, Denmark. The solar panels are part of the renewable energy sources that power Apple’s European data center in Viborg. Christoph Dernbach | …
IRS employee charged in Exxon Mobil tax credit theft bid
Chip Somodevilla | Getty Images News | Getty Images A former IRS employee was charged in Utah federal court for allegedly trying to steal $2.1 million in tax credits owed …