OIL - /contrib/oil

With the world awash in cheap oil,Naftogaz wants to create a duty-free oil storage system for Ukraine, Andriy Kobolyev, CEO of the state energy company, ubn.n

NEW YORK (AP) — Oil prices plunge 20% amid worries producers won't cut supplies enough to match falling demand in virus-weakened economy. The post Oil prices plunge 20% amid worries producers won't cut supplies enough to match falling demand

The rapidly-spreading coronavirus in China poses the biggest demand threat to the oil market since the 2008 financial crisis. Yet OPEC and Russia can't agree on whether to come to the rescue.

An attack on oil refineries in Saudi Arabia has a lot of people focused on crude oil prices. We asked our VERIFY team to find out what it all means for your money.

President Trump said via Twitter Sunday that he has authorized release of oil from the U.S. Strategic Petroleum Reserve "if needed" in response to the attacks against Saudi Arabia's oil infrastructure. Why it matters: The statement signals hig

U.S. sanctions against Venezuela and Iran have had an unplanned side effect: they have increased exports of heavy, sour crude from Russia

The Trump administration plans to end oil purchase waivers to five nations, notably China and India, although some officials had warned the move could hinder other priorities.

For the first time in 75 years, the United States exported more oil than it imported, achieving a pledge from President Trump that America can become "energy independence."While the U.S. has been a net oil importer since 1949, over the final week

Following two days of tense talks in Vienna, a deal to reduce oil production has been struck by OPEC and Russia. Prices have already risen on the back of the news, but Donald Trump will not be pleased.

The U.S. State Department has accused OPEC of withholding spare oil production capacity of up to 1.42 million barrels per day

While oil traders have been generally punting to the " November Iran sanctions " as the reason why in recent weeks a bevy of $100 oil forecasts have emerged (even if Goldman disagrees ), a more immediate cause for the prevailing oil price bullishn

The Trump administration on Thursday eased safety rules on offshore oil and gas ...

Oil has climbed since early August as speculation swirls over whether the OPEC and its allies will boost production, with sanctions on the Middle East nation's exports set to take effect in November

Oil tumbled after a Reuters report that during this weekend's meeting of oil producing states in Algeria, OPEC and Non-OPEC states may boost production by half a million barrels per day, to offset lost Iran production.

Again Capital's John Kilduff sees Iran sanctions and U.S. driver demand for fuel among the chief factors pushing oil prices higher.

Opec supply cuts since 2017 have tightened the market, with oil also supported by the US sanctions threat against Iran — which is threatening to block shipments through the Strait of Hormuz

President Trump said on Twitter Saturday morning that King Salman of Saudi Arabia has agreed to increase its oil production by as much as 2 million barrels per day "because of the turmoil and disfunction in Iran and Venezuela." The big picture, fr

Crude prices jumped on Tuesday after the U.S. State Department ordered companies to cut all of their imports coming from Iran to zero by November.

President Donald Trump directed his Twitter fire Wednesday morning at OPEC, blaming the international oil cartel for rising gas prices.

A U.S. call for more oil from OPEC and a negative trend line for the price of Brent crude oil helped lead oil prices toward a second day of declines on Tuesday.