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2 days ago · Oil prices, a catalyst for the Gulf's financial markets, declined more than 1%, with Brent trading at $77.34 a barrel by 0800 GMT. OPEC+ on Sunday agreed to extend most of their oil output cuts ...
3 days ago · Brent crude was trading down well over 3% on Monday, marking the first time the global benchmark has been below $80 since February, with the U.S. crude benchmark down over 3.5% following the OPEC+...
3 days ago · U.S. crude prices on Monday suffered their steepest one-day decline in nearly five months despite the Saudi-led OPEC and its Russia-led allies [agreeing on Sunday to extend production cuts](https ...
23 hours ago · Chevron's (CVX) Angola subsidiary Cabinda Gulf Oil Company to keep the Shelf Drilling Tenacious jack-up rig under contract till February 2026 for drilling operations offshore West Africa.
3 days ago · Monthly average crude oil prices rose in March. The average domestic crude oil first purchase price increased $4.01 (5.3%) to $78.97 per barrel. The average free-on-board (f.o.b.) cost of imported crude oil rose $0.76 (1.1%) to $67.95 per barrel.
5 days ago · The Gulf War. In August of 1990, Iraq invaded Kuwait, reviving an old territorial dispute, and claimed that Kuwait was stealing its oil via slant drilling. As a result of this occupation, the price of Brent crude oil jumped from $15/bbl at the end of July 1990 to $41.45/bbl in October.
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4 days ago · Oil prices have changed little since the last meeting in November, hovering at around $80 a barrel. OPEC continues to stick to its demand forecasts for 2024, while the International Energy Agency has lowered its estimates.
