March WTI crude oil (CLH26) on Wednesday closed up +2.86 (+4.59%), and March RBOB gasoline (RBH26) closed up +0.0536 (+2.80%). Crude oil and gasoline prices rallied sharply on Wednesday amid mounting ...

LAUNCESTON, Australia, Feb 18 (Reuters) - Asia's imports of crude oil are on track to hit a record high in February as the recent strong run continues, but the mix of suppliers is starting to shift in ...

Chevron’s flagship Gulf Coast refinery is processing its first Venezuelan oil shipment since the U.S. capture of Nicolás Maduro in Caracas last month, turning heavy, tar-like crude into gasoline, ...

Traditional buyers of Russian and Iranian crudes now seeking more Western or Saudi Arabian crudes, says Vitol chief executive Russell Hardy Rising Western pressure on buyers of Russian crude oil ...

Nigeria’s crude oil production rose by 37,000 barrels per day, r from 1.422 million barrels per day (mbpd) in December 2025 to 1.459 million barrels per day (mbpd) in January 2026 using direct ...

Forbes contributors publish independent expert analyses and insights. Robert Rapier is a chemical engineer covering the energy sector. FREEPORT, TEXAS - JANUARY 14: The Nave Photon crude oil tanker is ...

The Organization of the Petroleum Exporting Countries kept its forecasts for global oil-demand unchanged and said production from the wider OPEC+ alliance fell last month amid losses in Venezuela, ...

European demand for Guyana’s crude oil surged after Russia’s 2022 invasion of Ukraine, as refiners sought alternatives to sanctioned Russian supplies. Supply increases from the United States and ...

NEW YORK, Feb 11 (Reuters) - Oil prices gained about 1% ⁠on ⁠Wednesday, as investors worried about escalating tensions ⁠between Iran and the U.S., which were preparing to resume negotiations, while a ...

EIA forecasts that global oil inventory builds will average 3.1 million b/d in 2026, compared with an average build of 2.7 million b/d in 2025, before decreasing to average of 2.7 million b/d in 2027.

U.S. crude oil inventories likely fell for a third straight week as refineries maintained a high level of capacity use for the time of year, according to a survey by The Wall Street Journal.

India maintains a strategically diversified mix of crude oil imports from multiple sources to ensure energy security, balancing affordability, logistics, and geopolitical risks. No gym, no ...