By City A.M – Sep 27, 2024, 2:00 PM CDT UK car production fell by 8.4% in August compared to the same month last year, with a total of 41,271 new cars leaving production lines. The decline is attributed to a combination of factors, including summer shutdowns, factories preparing for new models (primarily electric), and...Continue Reading

U.S. Oil Drilling Sags: Baker Hughes | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Premium Content By Julianne Geiger – Sep 27, 2024, 12:16 PM CDT The total number of active drilling rigs for oil and gas...Continue Reading

Crude prices are seeing a sharp rise today, with WTI trading at $68.52 per barrel, up 1.26%, and Brent crude at $72.27 per barrel, up 0.94%. These gains are driven primarily by escalating tensions in the Middle East, particularly the intensifying conflict between Israel and Hezbollah. This volatility is prompting fears of further disruptions to...Continue Reading

Conoco Court Win Sends Venezuela’s Gas Money Up In Smoke | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – Sep 27, 2024, 11:34 AM CDT ConocoPhillips has taken a significant step forward...Continue Reading

WTI Houston Crude Prices Gain Prominence as U.S. Oil Exports Jump | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Sep 27, 2024, 10:15 AM CDT The benchmark crude prices at Houston have seen increased trading volumes as the rise in U.S. crude oil exports out...Continue Reading

India Could Boost Its Refining Capacity by 800,000 Bpd by 2030 | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Sep 27, 2024, 9:00 AM CDT Indian refiners are expected to raise their total refining capacity by up to 800,000 barrels per day (bpd) by the...Continue Reading

Oversupply Fears Are Pushing Oil Prices Lower | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Premium Content By Michael Kern – Sep 27, 2024, 8:45 AM CDT Fear of an oversupply of oil on the back of reports that Saudi Arabia is considering returning to its...Continue Reading

A Dangerous Game of Red Sea Influence | OilPrice.com Premium Content By Editorial Dept – Sep 27, 2024, 8:30 AM CDT Russia-Ukraine, Israel-Gaza, and the relentless targeting of Red Sea shipping by Yemen’s Houthis are not micro conflicts unfolding in a vacuum, and the Horn of Africa is where attention should be shifting as the...Continue Reading

Rumors of a Saudi Production Hike Boost Bearish Sentiment in Oil Markets | OilPrice.com Premium Content By Editorial Dept – Sep 27, 2024, 8:30 AM CDT Crude Oil Weekly Recap: Key Events Driving Price Movements This week, light crude oil (WTI) prices experienced notable volatility, shaped by a series of major global events that put...Continue Reading

Diplomatic Warfare Is Intensifying in South America | OilPrice.com Premium Content By Editorial Dept – Sep 27, 2024, 8:30 AM CDT Politics, Geopolitics & Conflict Libya remains gridlocked this week, with a UN-mediated agreement between the rival sides on the appointing of a yet-to-be-determined head of the Central Bank that both would support. We have...Continue Reading