United States Brent Oil Fund, LP (BNO)
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Oil prices boosted as traders await OPEC+ decision on production cuts
Oil futures were on the rise early Tuesday, finding support as traders awaited a June 2 meeting of the Organization of the Petroleum Exporting Companies and its allies that's expected to see the group extend production cuts due to expire at the end of next month.
Growing armada shipping sanctioned oil burns dirty fuel in a setback for clean-up efforts
The growing shadow fleet of tankers transporting sanctioned Iranian, Venezuelan and Russian oil is filling up with the cheapest fuel available, hindering industry efforts to use cleaner fuel to cut shipping emissions, according to shipping data and sources.
Oil rises as major producers expected to keep output cuts in place
Oil prices rose on Wednesday on expectations major producers will maintain production cuts at a meeting this Sunday at the same time fuel consumption should begin rising with the start of the peak summer demand season.
Crude Oil Elliott Wave Analysis: Nearing Bearish Reversal?
Crude oil futures appear to have begun the next big downward push which could persist into autumn or winter. On a faster time frame though, a minor upward retrace is probably due.
U.S. crude oil gains more than 1% as market looks to OPEC+ meeting on production levels
Oil market analysts are broadly expecting OPEC+ to maintain its current production levels.
Exclusive: India's Reliance to buy Russian oil in roubles, sources say
India's Reliance Industries , operator of the world's biggest refining complex, has signed a one-year deal with Russia's Rosneft to buy at least 3 million barrels of oil a month in roubles, four sources aware of the matter told Reuters.
Why financials and oil merit top spots in this award-winning fund manager's portfolio
Summer and the year's halfway mark is starting to swing into view for investors. And so far, it seems like persisting with stocks is a strategy that's working.
Oil prices bounce as traders look ahead to OPEC+ decision on production cuts
Oil futures were rising Tuesday, with traders looking for the Organization of the Petroleum Exporting Countries and its Russia-led allies to roll over voluntary production cuts into the third quarter when they meet next weekend.
Saudi Arabia may cut July oil prices to Asia for first time in 5 months
Saudi Arabia, the world's biggest oil exporter, may cut prices for most crude grades it sells to Asia in July, the first cut in five months, as Middle East benchmarks and margins for Asian refiners have weakened, refining sources said.
Norwegian oil companies further boost investments in 2024 and 2025
Norwegian oil and gas investments are expected to hit a record high this year and will remain strong in 2025, driven by a string of new developments as well as cost inflation, a national statistics office (SSB) survey showed on Tuesday.
Oil prices steady as investors await inflation data, OPEC+ meeting
Oil prices were steady in early Asian trading on Tuesday as investors awaited inflation data to assess future U.S. monetary policy and the production policy decisions from the OPEC+ meeting on June 2.
Oil prices little changed as markets look to OPEC+ meeting
Oil prices were in a holding pattern in early Asian trading on Monday as markets awaited an OPEC+ meeting on June 2 where producers are expected to discuss maintaining voluntary output cuts for the rest of the year.
