The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell 4.49 million barrels in the week ending May 2, after analysts had estimated a 2.5-million ...

With crude prices at multi-year lows, the US oil industry is at a "tipping point," a top energy exec said. A historic production boom is at jeopardy if prices don't stabilize. America's oil boom ...

Editor's note: Due to a scheduling change, this segment did not air on May 8, 2025, as planned. Oil prices are dropping globally, spelling good news for the American economy but bad news for ...

Crude oil stocks, not including the SPR, stood at 438.4 million barrels on May 2, the U.S. Energy Information Administration's latest weekly petroleum status report showed. Image by hachiware via ...

Strategic Petroleum Reserve increased from 398.5 million barrels to 399.1 million barrels. Domestic oil production declined from 13.465 million bpd to 13.367 million bpd. Oil markets tested ...

LONDON: Oil gained more than $1 per barrel on Tuesday, rebounding on technical factors and bargain hunting after a decision by OPEC+ to boost output sent prices down the previous session ...

NEW YORK (Reuters) -Oil prices climbed about 3% on Tuesday on ... an improvement over the 1.7% drop analysts had expected a week ago. The European Union trade chief said the 27-nation bloc is ...

After POLITICO reported last week that Brian Ballard was on the outs with the West Wing for overly aggressive lobbying ...

By the end of the second quarter, Stice expects the US oil rig count to drop 10%. Permian Basin crew counts are already down around 20%, he wrote. Diamondback is responding by lowering activity to cut ...

The Edmonton Oilers have Stuart Skinner in the starter’s net at today’s skate. Said the Oilers: “Stuart Skinner will make the start for the Oilers against the Golden Knights in Game 3 at ...

He explained that oil refinery maintenance has hampered fuel output. As the maintenance ends though, De Haan noted, the output will increase and gas prices will drop. “While gasoline inventories ...