Oil Traders Scan for Signals From Trump's Middle East Tour - Bloomberg
Today, OPEC reporter Grant Smith unpacks what oil traders are looking for during US President Donald Trump's Mideast visit. It's been almost three...
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Gold fever makes a comeback as buyers and bankers recoil from uncertainty - The Guardian
Gold prices have declined from the record of $3,500 an ounce set last month, partly on expectations that Trump will further dial down trade tensions.
Saudi oil supply to China set to stay at one-year high in June, sources say | Reuters
China imported 145.6 million barrels of crude from Saudi Arabia in the first quarter of this year, or 1.62 million barrels per day, up by 3.8% from...
Oil falls as concerns over rising supplies overshadow U.S-China trade relief - CNBC
Meanwhile, on the crude oil inventory front, analyst views were mixed. ... Residents of one of the states listed in the 'Your Rights' section of...
Oil Advances as Milder US Inflation Adds to Trade War Relief - Bloomberg News
... the shipment of Iranian crude oil to China, briefly sending crude to its intraday highs. At the same time, Trump, who has signaled progress in...
US Oil Output Has Peaked. But Don't Expect a Rapid Decline. - Bloomberg
Frac, Baby, Frac? The number of fracking crews operating in the Permian shale of Texas and New Mexico has declined to a four-year low as oil prices...
Oil prices ease off 2-week highs after US, China pause tariff war | Reuters
Immigration inspection officers check a tanker carrying imported crude oil at the port in Qingdao ... Furthermore, the Organization of the Petroleum...
Gold falls as positive US-China talks hamper safe-haven appeal | Reuters
A line chart titled "Spot gold price in USD per oz" that tracks the metric over time. ... gold prices," said Jigar Trivedi, senior commodity analyst at...
Oil Leads Commodity Rally After US-China Truce as Gold Retreats
Oil watchers have slashed demand forecasts, and there are signs the trade war is already hitting the amount of goods arriving in the US. ... Crude Oil.
Despite "drill baby drill," oil production seen to drop slightly - Axios
... of 1.25 million. Its findings are based on Brent crude averaging in the mid-to-low $60s per barrel for the remainder of this year, with WTI in the...
Crude oil jumps nearly 4% as U.S. and China slash tariffs - CNBC
Crude oil futures jumped 4% on Monday, after the U.S .and China agreed ... Residents of one of the states listed in the 'Your Rights' section of...
Oil prices rise as US-China trade talks soothe market jitters | Reuters
... in May and June that will add more crude to the market. However, a ... U.S. energy firms last week cut the number of oil and natural gas rigs...
China's recovery in crude oil imports is more bearish than bullish: Russell | Reuters
The world's biggest crude importer recorded arrivals of 11.69 million barrels per day (bpd) in April, down slightly from March's 12.1 million bpd...
As oil prices fall can Gulf big spenders keep Trump pledges? - DW
Wealthy Gulf states are promising President Trump huge investments into the US. But at the same time, the price of oil is falling.
Trump's Thirst for Cheap Oil Irks an Industry He Loves to Praise - Bloomberg
Terrel Hardin was at a diner along Route 66 in western Oklahoma when his phone rang with bad news: The engine on one of his oil rigs had broken.
Asia hopes for cheaper oil as Opec boosts output – but trade doubts linger
For import-reliant Asia, the Opec+ output rise is a welcome development. Markets are still on edge over US-China trade uncertainty, however.
Saudi oil giant Aramco posts 5% dip in first-quarter profit on weaker crude prices - CNBC
... in the first quarter of 2024. The figures signal continuing strain for the Saudi state oil giant's balance sheet as crude prices show no sign of...
Aramco Profit Drops With Weak Oil Signaling More Strain - Bloomberg News
Saudi Aramco reported a decline in profit in the first quarter as lower crude prices put pressure on the finances of the world's biggest oil...
Aramco profit drops as uncertainty hits oil markets | Reuters
Saudi oil giant Aramco , a longtime cash cow for the kingdom, reported a 4.6% drop in first-quarter profit on Sunday due to lower sales and higher...
Democratic state attorneys general sue to block Trump's energy emergency | Reuters
The price of crude oil has fallen around 20% from a year ago and nearly 50% from a recent peak in 2022. Emergency powers allow presidents to...
Oil Rises as Focus Shifts to US-China Trade Talks After UK Deal - Bloomberg
... the trade of Iranian crude. Hebei Xinhai Chemical Group was the ... Key North Sea Oil Market Back in Contango in Sign of Weakness · Indonesia...
US oil and gas rig count falls to lowest since January, Baker Hughes says | Reuters
In the Gulf of Mexico, drillers cut three rigs, bringing the total count down to nine, the lowest since September 2021. In the Denver-Julesburg (DJ)-...
Hedge Funds Soured on Oil as OPEC Agreed to Bumper Supply Hike - Bloomberg
OPEC agreed to bumper supply hike, raising concerns of a global glut. Source: ICE. Oil tumbled to a four-year low last week after OPEC and its...
Gold gains as dollar slips, investors await US-China trade talks | Reuters
Gold prices rose on Friday and were headed for a weekly gain, supported by a weaker dollar and lingering geopolitical tensions,...
US oilfield giants brace for tough times as price slide rattles producers | Reuters
The race for California's 22nd congressional district. Site of an oil field is seen at sunset in Karamay. Item 1 of 2 The Kern River Oil Field located...
US Sanctions Third 'Teapot' Refinery in China Over Iranian Oil - Bloomberg
The increased attention on these independent refiners in Shandong, which are the biggest buyers of Iranian crude, is part of a “maximum pressure”...
Exclusive: US sanctions on China refiners over Iran oil disrupt operations, sources say | Reuters
Immigration inspection officers in protective suits check a tanker carrying imported crude oil at the port in Qingdao, Shandong province,...
Oil set for weekly gain ahead of U.S.-China trade talks - CNBC
... of tariff talks. The country's crude oil imports in April dipped from the previous month but were up 7.5% year on year, buoyed by stockpiling by...