Low global diesel supplies support crude prices despite OPEC+ boost
Low diesel stockpiles worldwide are countering the downward pressure on crude oil prices from rising OPEC+ supply and setting the stage for a third consecutive year of above-normal refining profits.
Why the oil market is tight despite big OPEC+ output hikes
OPEC+ oil producers have used high summer demand to launch their first output increases in three years, but those targets have proved difficult to hit, leaving the market surprisingly tight.
Oil prices rise on US demand strength, though sanctions uncertainty remains
Oil prices rose on Thursday, pausing a five-day losing streak, on signs of steady demand in the U.S., the world's biggest oil user, though the prospect of U.S.-Russian talks on the Ukraine war eased concerns of supply disruptions from further sanctions.
OPEC+ to Boost Oil Output in September: Oil ETFs Under Pressure
USO and BNO fell over the past week as OPEC+ unveiled a 547,000-bpd output hike for September, reversing deep cuts to regain market share.
Will Modi play the 'game of chicken' with Trump on Russian oil purchases? David Woo discusses
David Woo of David Woo Unbound says Trump has realized that beating up on India is the easiest way to weaken India. However, he says if India holds out on its the Russian oil purchases, Trump will 'TACO' on the issue as he has had 'zero appetite' for anything that will lead to higher oil prices.
Crude Oil Price Forecast: Weakens After Weekly Reversal Triggers
Crude oil extended its decline on Tuesday, breaking monthly support and testing a critical zone as technical signals continue to point toward sustained downward pressure.
Russia's economy 'stinks,' Trump says, and lower oil prices will stop its war machine
U.S. President Donald Trump said Tuesday that Russia's economy "stinks" and lower oil prices will hammer Russia's war machine. The comments come as relations between Moscow and Washington hit a low ebb.
President Trump: Going to raise India tariffs very substantially since they're buying Russian oil
President Donald Trump joins 'Squawk Box' via phone to discuss the trade negotiations around the world, the oil policy and much more.
Why Modi won't budge on Russian oil
Narendra Modi strikes a defiant tone in response to Donald Trump's threats over India's Russian oil purchases. Here's why it's a delicate balancing act.
Oil major BP posts second-quarter profit beat despite annual drop
BP's second-quarter earnings come as the oil and gas company continues to try to rebuild investor confidence. The British energy company recently announced its largest oil and gas discovery in 25 years off the coast of Brazil.
Maurel & Prom's half-year core profit drops by 25% on lower oil prices
French oil group Maurel & Prom reported a 25% drop in its half-year core profit on Tuesday, hit by falling crude oil prices.
Saudi Aramco posts drop in quarterly revenues amid lower crude, oil products prices
Saudi Aramco said quarterly revenues were impacted by lower crude oil and oil products prices.
