oil prices

An Exxon Mobil Corporation (NYSE: XOM) securities filing that previews disappointing profits in its upcoming third-quarter report thanks to lower oil and gas prices pushed the stock down on Wednesday. ExxonMobil’s 8-K filing gave a preliminary hint about third-quarter results, and said the...

And just like that, the great Saudi oil crisis of 2019 might be over. In a press conference carried over the Internet, a significant step for the usually publicity-shy kingdom, Saudi energy minister Prince Abdulaziz bin Salman said half of the 5.7 million barrels/day of lost oil production has...

Oil markets completed their first full day of trading following the drone attacks on Saudi processing facilities, with the global crude Brent benchmark rising more than 14% at the close and heading back up toward where prices were when trading began late Sunday U.S. time. The one comforting fact...

Working with members of OPEC and the potential for offsetting oil shortages using emergency crude reserves should be enough to keep oil prices from spiraling out of control in the U.S., according to the country's chief business lobbyist. Speaking at a press conference on Sept. 16, U.S. Chamber of...

Saudi Arabia suffered a drone strike at its Abqaiq crude oil processing facility over the weekend, which happens to be the "most critical" piece of infrastructure in the country. The price of Brent crude and WTI oil traded higher by around 10% Monday morning. What Happened The Abqaiq...

Investors on Monday continued to watch mounting tension in the Persian Gulf region as Iran said it arrested several Iranians working as American spies, Britain demanded that Iran’s government release a captured British tanker and its crew and U.S. warships patrolled nearby. Oil prices were up...

Brent and U.S. crude futures were each higher by more than 2% Monday morning ahead of expectations for OPEC to extend an oil output cut. What To Know OPEC and its allied nations will gather in Austria Monday and Tuesday with a key topic of conversations the extension of the 2017 production cuts....

Oil prices surged overnight and into Friday morning on the back of the explosion at Philadelphia Energy Solutions, the biggest refiner on the U.S. East Coast. But by about 11:00 a.m. Eastern time this morning, the gains had been largely stabilized without significant upward momentum. Since the...

Brent crude oil prices rose more than 4% Thursday morning amid reports of two tanker attacks near Iran's coastline. What Happened Two tankers in the Gulf of Oman suffered significant fire damage, one of which docked in Saudi Arabia and was destined to Singapore, according to CNBC. The other...

Brent crude and West Texas Intermediate futures were each lower by around 2 percent Wednesday morning with multiple factors at play. What To Know U.S. and China trade tensions continue showing no signs of a near-term resolution which could translate to limited oil demand and investors taking a risk...

A weekly look at what occurred in the oil markets of the U.S. and the world this past week and what's ahead. When the price of oil first began declining in fall 2014 under the weight of increased supply from the U.S. shale fields, the news media covering this historic decline kept looking for that...

Saudi Arabia's energy minister said Monday that two of its tankers came under attack over the weekend. What Happened At least four separate oil vessels, two of which belong to Saudi Arabia, came under attack in the Gulf of Oman near the United Arab Emirates' eastern coast, The Wall Street...

Good day, Oil prices fell by around 2.5 percent at the start of this week, largely due to President Trump tariff threats against China. However, the U.S. sending out warships to the Middle East, possibly an escalation amidst growing tensions with Iran, can further create volatility in oil prices....

FreightWaves' SONAR chart of the week (May 5, 2019 – May 11, 2019) Chart of the Week: Drilling Permit Approvals, New Drilling (USA) vs. WTI crude oil price (SONAR: DRILLNEW.USA, WTI.USA) The rise in crude prices is not resulting in an increase in the rig count and particularly not an...

After returning from a long weekend, investors and traders appear to be gearing up for a busy week on the earnings front as they continue awaiting a potential trade deal between the United States and China. In general, earnings season is turning out to be better than analysts expected, although...