March WTI crude oil (CLH26) closed down -0.04 (-0.06%) on Friday and March RBOB gasoline (RBH26) closed down -0.0093 (-0.46%). Crude oil and gasoline prices fell on Friday amid concerns about energy demand after U.S. fourth-quarter GDP grew at a slower-than-expected pace. However, crude oil losses were limited due to a weaker dollar and geopolitical…
We previously reported that global upstream operators will cut investment for the second consecutive year in 2026, with capital spending expected to fall at least 2% to 3% year-on-year, and more than 5% compared to 2024 levels, as the industry navigates oil prices below $60 a barrel while maintaining focus on long-term resilience. Still, Wood…
The Trump White House moved full speed ahead last week in redirecting Venezuelan oil exports to the United States, with President Trump even promising that this new source of oil would be “taken directly to unloading docks in the United States.” It remains to be seen whether the plan will be economical (especially if Trump’s…
If one has been paying attention to global headlines lately, it would be easy to assume that oil prices would be through the roof: a country with significant oil reserves mired in a crisis, sanctions on perennial producers, simmering regional conflicts and social unrest in several exporters. And yet Brent and WTI have been languishing…
President Donald Trump’s plan to take control of Venezuela’s oil industry and ask U.S. companies to revitalize it after capturing President Nicolás Maduro in a raid is not likely to have a significant immediate impact on oil prices. Venezuela’s oil industry is in poor shape after years of neglect and international sanctions, so it could…
January WTI Crude Oil (CLF26) is down -0.91 (-1.51%), and January RBOB Gasoline (RBF26) is down -0.0279 (-1.52%) today. Crude oil and gasoline prices are falling today, with gasoline falling to a 1-and-a-half-week low. The strength of the dollar today is undermining energy prices. Furthermore, the current weakness in stock prices weighs on confidence in…
Commodity strategists at major Wall Street investment banks expect 2026 and 2027 to be difficult years for the oil industry. And that’s after a nearly 20% drop in oil prices this year. According to a base case set by JPMorgan’s commodities team led by Natasha Kaneva, Brent crude oil (BZ=F), the international benchmark price, will…
Oil markets remained nervous early Monday as Asian trading began, with all eyes on reports of possible progress in peace talks between Russia and Ukraine. At the same time, the strengthening US dollar is adding downward pressure to prices, with both major benchmarks losing about 3% last week. At the time of writing, West Texas…
December WTI Crude Oil (CLZ25) closed Friday up +0.32 (+0.54%) and December RBOB Gasoline (RBZ25) closed down -0.0253 (-1.29%). Crude oil and gasoline prices closed mixed on Friday. Dollar weakness supported crude oil prices on Friday, as the dollar index (DXY00) fell to a one-week low. Additionally, the strength of crude oil demand from China,…
Investors in the United States are closely monitoring ongoing debt ceiling negotiations as the stock market continues to show positive momentum. With the Dow Jones Industrial Average, S&P 500, and NASDAQ Composite all seeing gains, market participants are eagerly awaiting news on a potential deal. Despite the approaching deadline and concerns about uncertainty, lawmakers appear…
