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Category OIL

Analysis: Crude prices under pressure as 2026 outlook signals surplus

Analysis: Crude prices under pressure as 2026 outlook signals surplus

Even though oil prices have climbed more than 1% on Monday after OPEC+ agreed to only a modest increase in production for November, the underlying ...
US Supreme Court to hear Exxon, Havana docks claims over Cuban property seizures

US Supreme Court to hear Exxon, Havana docks claims over Cuban property seizures

The US Supreme Court on Friday agreed to weigh in on two major disputes testing the reach of a federal law that permits Americans to sue for damage...
Commodity wrap: gold heads for 7th straight weekly gain, oil set for steep slump

Commodity wrap: gold heads for 7th straight weekly gain, oil set for steep slump

Most commodities rose on the last trading day of the week on Friday, even as oil was headed for a steep weekly loss.  Gold prices were hovering nea...
Fire at Chevron El Segundo refinery confined to one area, no evacuations

Fire at Chevron El Segundo refinery confined to one area, no evacuations

A massive fire broke out late Thursday night at Chevron’s El Segundo refinery, one of the largest oil refining complexes on the US West Coast, offi...
Commodity wrap: precious metals shine amid economic uncertainty, oil declines

Commodity wrap: precious metals shine amid economic uncertainty, oil declines

Gold prices rose on Thursday on the back of safe-haven demand, while oil continued its dismal week so far.  Oil prices were down due to concerns ov...