Companies in the oil and gas sector make a product that virtually everyone needs and the sector is faced with supply-side barriers to entry, so it's hard for a potential oil and gas company to ...

NEW YORK, Oct 23 (Reuters) - Oil prices fell on Wednesday after data showed U.S. crude inventories rose by more than expected even as refining activity rebounded, though futures remained up about ...

Sharp, rapid swings in the price of oil can have outsize effects on companies, economies, and global geopolitics. Oil price spikes can stunt economic growth, for example, and a sudden price plunge ...

HOUSTON, Oct 21 (Reuters) - Oil prices settled nearly 2% higher on ... U.S. Secretary of State Antony Blinken will make another push for a ceasefire when he heads to the Middle East on Monday ...

What is the current oil price today? WTI futures traded at $69.97 per barrel, as of 9 a.m. ET. Year to date, WTI prices are down by 4.72%. Brent futures traded at $73.97/bbl, an increase of 0.16% ...

Global oil demand growth will continue to weaken due to China’s economic slowdown and the rapid uptake of electric vehicles, according to the International Energy Agency. “This year ...

So even if, say, Iranian oil exports were curtailed by a full-blown war with Israel, OPEC+ members could make up for it with ease. The boom in U.S. oil production has also made it harder for ...