The U.S. Department of Energy has authorized the exchange of as many as 1M barrels from the Strategic Petroleum Reserve to ...

Crude oil futures fell for the third straight session Wednesday, dragged down by higher inventory levels of U.S. fuels and concerns about the wider economic impact of looming U.S. tariffs. The U.S.

Giant shovels, driverless trucks and a dog-like robot have all helped Canada's oil sands companies including Imperial Oil and ...

Oil futures extend losses to three sessions, but pull up from early lows as the EIA reports a 3.9 million barrel weekly draw in U.S. crude oil stocks following large builds the previous two weeks.

U.S. crude oil inventories fell last week amid a rise in exports, reversing some of the large stock builds seen the previous two weeks, according to data.

Crude oil is cheaper than it's been in four years. It may be too cheap for the oil industry. A barrel of oil now sells for less than most companies’ break-even point.

Commercial crude oil stocks are seen unchanged at 426 million barrels in the week ended July 11, according to the average estimate of 10 analysts and traders. Six expect an increase and four predict a ...

President Joe Biden will announce the release of 15 million barrels of oil from the U.S. strategic reserve as part of a response to recent production cuts announced by OPEC+ nations.

The forecast sees Brent crude oil prices rising to $86 a barrel in the third quarter of this year, which would represent an increase of about 7.5% from its price level as of Wednesday, when it ...

This rebound in activity signals a robust operational phase for the country's refining sector, with further strength ...

Oil prices look set to end the year lower as demand weakness, particularly from China, prevails - but 2025 may bring an even steeper loss, with the possibility of a drop below $50 a barrel if the ...