US seeks to buy 6 million barrels for oil reserve by January
President Joe Biden's administration hopes to buy 6 million barrels of crude oil for delivery to the Strategic Petroleum Reserve in December and January,...
Oil rises on Gaza escalation fears, set for second weekly gain
Oil prices rose on Friday as investors worried about potential supply disruptions in the Middle East, one of the world's top-producing regions, after signs...
Oil prices steady above US$90 as investors assess Israel-Hamas war
Brent oil futures steadied above $90 a barrel on Monday after topping that level on Friday, as investors waited to see if the Israel-Hamas...
IEA cuts forecast for growth in oil demand in 2024
The International Energy Agency (IEA) on Thursday lowered its forecast for growth in oil demand in 2024, suggesting harsher global economic conditions and progress...
Oil ticks up on lingering worries about supply disruptions
Oil edged higher on Wednesday as investors grappled with the prospect of supply disruptions due to the Middle East turmoil.
Brent crude rose 25 cents,...
