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FILE PHOTO: General view of Aramco's oil field in the Empty Quarter, Shaybah, Saudi Arabia, January 12, 2024. REUTERS/Hamad I Mohammed//File Photo
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Saudi Arabia may cut oil prices for Asia for second month in August

Top oil exporter Saudi Arabia may cut prices for crude grades it sells to Asia for a second month in August, trade sources...

By Florence Tan28 Jun 2024Reuters
FILE PHOTO: A view of the logo of the Organization of the Petroleum Exporting Countries (OPEC) outside its headquarters in Vienna, Austria, November 30, 2023. REUTERS/Leonhard Foeger/File Photo
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US Senate committee probes oil producers on price collusion with OPEC

The oil producers that the committee is probing include Exxon Mobil, Chevron and ConocoPhillips.

By Timothy Gardner27 Jun 2024Reuters
Motorist pass posted gas prices, Monday, June 10, 2024, in San Antonio. Gas prices are once again on the decline across the U.S., bringing some relief to drivers now paying a little less to fill up their tanks. (AP Photo/Eric Gay)
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US gas prices are falling. Experts point to mild demand at the pump ahead of summer travel

Explainer: Why the recent fall in prices at the pump? Industry analysts point to a blend of lackluster demand and strong supply —...

By Wyatte Grantham-Philips11 Jun 2024The Associated Press
Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base/File Photo
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Oil prices extend rally on potential U.S. crude purchase for reserve

Investors are waiting to see how changing oil prices could hit demand

By Arathy Somasekhar10 Jun 2024Reuters
FILE PHOTO: General view of Aramco's oil field in the Empty Quarter, Shaybah, Saudi Arabia, January 12, 2024. REUTERS/Hamad I Mohammed/File Photo
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Saudi Arabia set to raise $11.2bn in Aramco lower priced share offer

Saudi Arabia is poised to raise more than $11.2bn from its secondary offering of oil giant Aramco's lower priced shares

By Maha El Dahan, Hadeel Al Sayegh and Yousef Saba7 Jun 2024Reuters
FILE PHOTO: General view of Aramco's oil field in the Empty Quarter, Shaybah, Saudi Arabia, January 12, 2024. REUTERS/Hamad I Mohammed/File Photo
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Saudi Arabia kicks off Aramco share sale with demand said to be high

In a landmark deal, Saudi Arabia has begun a secondary share sale in oil giant Aramco.

By Ousef Saba, Hadeel Al Sayegh and Maha El Dahan2 Jun 2024Reuters
FILE PHOTO: A view of the logo of the Organization of the Petroleum Exporting Countries (OPEC) outside their headquarters in Vienna, Austria, November 30, 2023. REUTERS/Leonhard Foeger/File Photo
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OPEC+ agrees extension of production cuts, sources say

OPEC+ poised to argue for deeper oil output cuts in 2024 and 2025.

By Ahmad Ghaddar, Alex Lawler and Maha El Dahan2 Jun 2024Reuters
FILE PHOTO: Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. REUTERS/Agustin Marcarian/File Photo
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Oil stabilises ahead of US inflation data and OPEC+ meeting

Oil prices held steady on Friday, as investors await U.S. inflation data for clues on the demand outlook.

By Nicole Jao30 May 2024Reuters
U.S. Senate Majority Leader Chuck Schumer (D-NY) takes questions during a press conference about the failure to pass a border security bill after most Republicans voted against it, on Capitol Hill in Washington, U.S., May 23, 2024. REUTERS/Amanda Andrade-Rhoades
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Democratic senators ask DOJ to investigate alleged U.S. oil exec collusion with OPEC

Earlier in May, the Federal Trade Commission gave the go-ahead to Exxon Mobil's $60 billion purchase of Pioneer Natural Resources, but barred former...

By Reuters30 May 2024Reuters
FILE - President Joe Biden speaks on April 12, 2024, in Washington. A temporary fix allowing President Biden to appear on this fall's ballot cleared the Ohio House during a rare special session Thursday, May 30, along with a ban on foreign nationals contributing to state ballot campaigns that representatives said was demanded in exchange by the Ohio Senate. (AP Photo/Alex Brandon, File)
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Justice Department called to prosecute alleged oil price-fixing

The Democrats said a Federal Trade Commission investigation into a high-profile merger uncovered evidence of price-fixing by oil executives.

By Matthew Daly30 May 2024The Associated Press

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FILE PHOTO: Republican presidential nominee and former U.S. President Donald Trump and Ukraine's President Volodymyr Zelenskiy meet at Trump Tower in New York City, U.S., September 27, 2024. REUTERS/Shannon Stapleton//File Photo

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FILE PHOTO: Oil pumpjacks and tanks are pictured in a farmer's field near Kindersley, Saskatchewan, Canada September 5, 2024. REUTERS/Todd Korol/File Photo

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