Oil Falls Amid Hopes to Contain Mideast Crude Supply Disruption

Oil was lower in early Asian trade. The softer prices likely reflect optimism about taming the effect of the deep disruption to Middle East crude-oil exports, said XS.com.

WSJ • 3 hours ago

BILLIONS OF BARRELS: Continental Resources BETS BIG on Venezuela

Continental Resources Founder Harold Hamm and CEO of Continental Resources Doug Lawler discuss their newly announced Venezuela oil deal, its impact on energy markets and the future of domestic production.

Fox Business • 6 hours ago

Oil falls as U.S. crude inventories reportedly rise, traders weigh Saudi pipeline closure

Oil fell as traders weighed an unexpected increase in U.S. crude inventories against worries over supply disruptions after an Iran-backed attack on Saudi Arabia's East-West pipeline. U.S. crude oil, gasoline and distillate inventories all rose last week, according to Reuters.

CNBC • a day ago

Continental Resources to develop massive oil patch in Venezuela

Continental said it will develop and operate a patch in the Orinoco Belt that spans 126,000 acres and possesses an estimated 30 billion barrels of reserves.

CNBC • 11 hours ago

Oil exec warns of a CRITICAL tipping point that could TRIGGER a global crisis

API CEO Mike Sommers discusses rising crude oil prices, falling U.S. petroleum reserves and energy supply disruptions. He analyzes potential policy changes to boost domestic refining capacity and address high gasoline and diesel prices.

Fox Business • 16 hours ago

Continental Resources strikes Venezuela oil development deal

Continental Resources signed a deal with PDVSA to develop the Ayacucho 2 Block, holding an estimated 30 billion barrels in Venezuela's Orinoco Belt.

Fox Business • 11 hours ago

US energy producer to unveil Venezuela investment, energy secretary says

A U.S. oil and ​gas producer will announce a major investment ‌into Venezuela on Wednesday, U.S. Energy Secretary Chris Wright told Fox News.

Reuters • 12 hours ago

Oil prices extend losses as fears of Middle East supply disruptions ease

Oil prices fell in early ​trade on Thursday, extending the previous day's losses, as reports of Saudi Arabia offering ‌extra crude cargoes through Oman reduced fears of supply disruptions in the Middle East.

Reuters • 3 hours ago

Interactive Brokers Senior Economist Shares The Oil Price That Finally Breaks The American Consumer

The national average price of regular gasoline jumped 16 cents in a single week to $4.

24/7 Wall Street • 13 hours ago

Natural Gas, WTI Oil, Brent Oil Forecasts – WTI Oil Retreats As Saudi Arabia Plans To Restart Half Of East-West Pipeline

Oil markets are losing ground as traders focus on recent developments in the Middle East.

FXEmpire • 9 hours ago