The Latest Breaking News from OPEC

Learn about the March decline in OPEC's oil output and its impact on global oil market dynamics.

May WTI crude oil (CLK24 ) on Monday closed up +0.45 (+0.65%), and May RBOB gasoline (RBK24 ) closed down -1.06 (-0.39%). Crude and gasoline prices on Monday settled mixed, with crude climbing to a 5-month high. Signs of strength in US and Chinese energy demand pushed crude prices higher...

May WTI crude oil (CLK24 ) this morning is up +0.95 (+1.14%), and May RBOB gasoline (RBK24 ) is up +0.24 (+0.09%). Crude and gasoline prices this morning are moderately higher, with crude climbing to a 5-month high. Signs of strength in US and Chinese energy demand are pushing crude...

May WTI crude oil (CLK24 ) on Thursday closed up +1.82 (+2.24%), and May RBOB gasoline (RBK24 ) closed up +4.87 (+1.82%). Crude and gasoline prices Thursday settled moderately higher, with crude posting a 1-week high. Thursday's stronger-than-expected US economic reports signaled strength in the economy that was bullish for...

More than 90 percent of Iraq’s government revenue comes from oil, leaving the country hostage to global prices.

May WTI crude oil (CLK24 ) this morning is up +1.23 (+1.51%), and May RBOB gasoline (RBK24 ) is up +2.94 (+1.10%). Crude and gasoline prices this morning are moderately higher, with crude climbing to a 1-week high. Today's mostly stronger-than-expected US economic reports signal strength in the economy that...

Given the geopolitical tensions, increasing global oil demand, and supply adjustments, the energy sector is poised for robust growth. Therefore, investors might consider investing in energy stocks TechnipFMC (FTI), Weatherford International (WFRD), and ChampionX (CHX), which are poised to exceed expectations. Keep reading….

May WTI crude oil (CLK24 ) on Wednesday closed down -0.27 (-0.33%), and May RBOB gasoline (RBK24 ) closed down -1.34 (-0.50%). Crude and gasoline prices on Wednesday posted mild losses, with gasoline falling to a 1-1/2 week low. A stronger dollar on Wednesday was bearish for energy prices. Also,...

May WTI crude oil (CLK24 ) this morning is down -0.27 (-0.33%), and May RBOB gasoline (RBK24 ) is down -2.39 (-0.89%). Crude and gasoline prices this morning are moderately lower, with gasoline falling to a 1-1/2 week low. A stronger dollar today is bearish for energy prices. Also, today's...

May WTI crude oil (CLK24 ) on Tuesday closed down -0.33 (-0.40%), and May RBOB gasoline (RBK24 ) closed down -4.31 (-1.58%). Crude and gasoline prices on Tuesday closed moderately lower, with gasoline falling to a 1-week low. A stronger dollar (DXY00 ) Tuesday weighed on energy prices. Also, an...

The energy industry is set for strong growth due to geopolitical tensions, rising global oil demand, and supply adjustments. Therefore, investors could consider buying energy stocks Valero Energy (VLO), Graham (GHM), and Gulf Island Fabrication (GIFI), which are well-positioned to deliver market-beating returns. Keep reading….