Oil prices rose on Wednesday as a more-than-expected decrease in US crude oil inventories and a decline in coronavirus cases in China, the world’s second-largest consumer, relieved investor fears over

Oil prices rose on Wednesday, adding to solid gains overnight, on expectations the incoming U.S. administration will go ahead with massive stimulus spending that would boost fuel demand and draw

Oil in New York climbed to a new 10-month high as the dollar declined, increasing the appeal of commodities priced in the currency. Futures rose 1.5% to above $53 a

As the availability of COVID-19 vaccines continues to grow, industry leaders say it could turn things around for the oil and gas sector. The latest forecast report from Deloitte says there will

Oil prices inched up on Tuesday as tension around Iran’s seizure of a South Korean vessel simmered and after it emerged that the OPEC+ group is studying a possible production

Global commodities trader Trafigura has completed the purchase via a wholly-owned subsidiary of a 10% stake in Rosneft’s Vostok Oil project in the Arctic, the company said on Wednesday. “The

Crude prices were lower this morning but the longer term recovery from earlier low points remains in place. Both Brent crude, which is used in more than half of all international contracts,