Oil Posts Second Straight Weekly Drop
Oil recorded its first consecutive weekly decline of the year as supply concerns resurfaced.
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Reliance Gets USA License to Directly Buy VEN Crude
Reliance has historically been an important consumer of the country's heavy crude.
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EIA Raises 2026 WTI Forecast, Lowers 2027 Projection
The EIA now sees the WTI spot price averaging $53.42 per barrel this year.
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Market Positioning Itself for Period of Higher Geopolitical Risk
'This is evident in both the gradual push higher in flat price, adjustments in the forward curve and volatility skew', Standard Chartered Bank Energy Research Head Emily Ashford said.
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Oil Trading Giants Say Sanctions Driving Up Prices
A ramp-up of sanctions pressure on Russia and Iran has tightened the screws on flows from the two nations over the past few months.
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Oil Drops Amid Supply And Equity Jitters
Oil prices fell as investors turned cautious on Iran risks and weaker equities.
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USA Labor Market Report Underpins Energy Demand
Rystad Energy outlined that the January U.S. labor market report 'surprise[d]... to the upside, underpinning energy demand'.
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Wright Says China Bought Some VEN Oil From the USA
China has bought some Venezuelan oil that was purchased earlier by the U.S., according to Energy Secretary Chris Wright.
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Oil Gains As Middle East Tensions Rise
Traders balanced Iran uncertainty against growing inventories.
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EIA Sees Brent Price Dropping in 2026 and 2027
The U.S. Energy Information Administration projected that the average Brent spot price will drop in 2026 and 2027.