crude

The International Energy Agency (IEA) has announced that global oil demand will reach its peak of 105.7 million barrels per day (mb/d) in 2028, during an existing decline initiated by the advance of electric vehicles (EVs). "The shift to a clean energy economy is picking up pace, with a peak in...

U.S. oil stocks are poised to capitalize on a tightening global crude market as a result of recent developments at the OPEC+ summit. The combination of Saudi Arabia's commitment to implement additional output cuts and the extension of voluntary cutbacks by OPEC+ nations has created a favorable...

Oil prices slipped during Monday morning Asian trade as concerns about demand at top oil-consuming nations U.S. and China negated positive factors like a reduction in oil supplies due to OPEC+ production cuts. West Texas Intermediate futures maturing in June were trading 0.46% lower at $69.72 per...

Exxon Mobil Corp. (NYSE: XOM) and Chevron Corp. (NYSE: CVX), the two largest oil corporations in the U.S. by market capitalization, are showing better-than expected earnings per share (EPS) and revenues, although the top lines softened from the preceding quarter.  Exxon shares were up 1.8%,...

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Another busy week for investors and traders ahead in terms of eco-data earnings and overall potential market movers. Let’s take a market minute to get ahead of what’s to come. Investors and traders are exhibiting a bit of caution tied to concerns related to COVID infections on the rise...

  OPEC and its allies reached a deal on Sunday to raise oil production in response to rising prices, and phase out 5.8 million barrels per day of oil production cuts by the end of 2022, Bloomberg reports.  This comes after a two-week spat between Saudi Arabia, and the United...

We’ve got three major focal points; let’s take a market minute to get in front of what’s headed our way this week. First, in terms of companies reporting quarterly results, the attention is going to shift from big banks to companies like United Airlines (NYSE: UAL), Harley...

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. With global supply at all-time highs and demand at record lows, the world’s most valuable commodity is at an economic crossroads....

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WTI crude oil prices are back above $54/bbl for the first time since February, which is good news for many oil investors. But while crude oil prices have surged 15 percent in the past month, natural gas prices have fallen 5.8 percent in that time. Bernstein analyst Jean Ann Salisbury recently...

Energy stocks and exchange-traded funds are rebounding off their previous lows, but the sector remains the worst-performing group in the S&P 500 this year. Problems for the broader energy sector include lagging exploration and production stocks. The SPDR S&P Oil & Gas Exploration &...

Here’s one reason President Donald Trump hasn’t hit Venezuelan ruler Nicolas Maduro where it would hurt the most: banning the supplier of 10 percent of America’s oil would cause gas prices to skyrocket, further eroding the president’s popularity. Philip Verleger, an energy...

Hopes of a legitimate rebound in oil prices and the related exchange-traded funds were dealt a blow last week when the United States Oil Fund (NYSE: USO), which tracks West Texas Intermediate futures, slid 2.6 percent. Slumping crude prices often pressure some equity-based ETFs, including the...

Exxon Mobil Corporation (NYSE: XOM) has filed a lawsuit against the U.S. government in response to a $2 million fine imposed on the oil company for violating sanctions prohibiting deals with Russia. The U.S. Treasury Department levied the fine on Thursday after reviewing the company’s joint...