Saudi air defenses intercept drone aimed at Shaybah oilfield
Saudi Arabia's energy ministry says its air defenses intercepted a drone aimed at the Shaybah oilfield. No damage or operational…
Oil News (WTI)
Latest WTI crude oil news — price movements, OPEC+ production decisions, US inventory data and energy market analysis.
US Crude Oil
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Russian oil tax price runs 60% above budget assumptions in October
The rouble-denominated price of Russian oil used for tax calculations has averaged about 60% above the federal budget assumption so…
US Crude Inventories Fall 3.1 Million Barrels, Beating Forecasts
US commercial crude stockpiles fell by 3.1 million barrels in the week ending October 16, to 412.5 million barrels, the…
US to Loan Nearly a Third of Heating Oil Reserve to Tame Prices
The Department of Energy is offering to loan up to nearly a third of the 1-million-barrel US emergency heating oil…
Oil rises as Mideast tensions and a U.S. inventory draw tighten supply
Oil prices rose on Wednesday as Middle East tensions kept supply worries alive. A larger-than-expected draw in U.S. inventories added…
