The U.S. seizure of a vessel off Venezuela is likely to squeeze the country’s government, but do little to counter the ...
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Trevarefabrikken in Norway: A former cod liver oil factory turned hotel by Tuckey Design Studio
In the far north of Norway, above the Arctic Circle where daylight stretches—or vanishes—for months at a time, a former cod ...
The EIA's latest weekly petroleum status report showed that crude oil stocks, not including the SPR, stood at 424.2 million barrels on November 14. Image by nixki via iStock U.S. commercial crude oil ...
U.S. crude oil inventories increased more than expected last week as U.S. production hit a record high and exports fell, according to data released Thursday by the U.S. Energy Information ...
U.S. oil prices retreated below $60 a barrel Wednesday, closing at their lowest level in three weeks. Front-month crude futures in New York dropped 4.2%, or $2.55 a barrel, to $58.49. Saudi-led OPEC ...
A buildup of a billion barrels of oil on the world’s oceans includes a disproportionately large amount of crude from nations subject to some kind of sanctions — a sign the measures are bringing a ...
The Department of Energy (DOE) announced Wednesday that it advanced a plan to acquire one million crude oil barrels and begin replenishing the U.S. Strategic Petroleum Reserve (SPR). “President Trump ...
Diamondback Energy sees “no need for incremental oil barrels” until global prices settle, the US shale operator said Monday in its quarterly earnings report. Earlier this year, as oil prices began to ...
President Donald Trump’s announcement of a U.S.-China trade truce may have overshadowed a new report that has helped raise the alarm about a potential record-high global surplus of crude oil next year ...
World Bank and IEA forecast a record-high oil supply surplus of 4 million barrels per day for 2026 Global oil markets could face a supply surplus of roughly 4 million barrels per day in 2026, ...
The IEA, EIA, and BloombergNEF all forecast a major global oil surplus through 2026—up to 4 million bpd. The IEA admitted it couldn’t account for 1.47 million barrels per day of global supply in ...
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