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Cargo ships enter the Mersin port in Mersin, Türkiye, on Jan. 5, 2024. (Mustafa Kaya/Xinhua via Getty Images) (Xinhua News Agency via Getty Images)
On Tuesday oil alliance OPEC maintained its prior forecast for global oil demand to grow by 2.2 million barrels per day in 2024. In March OPEC+ extended output cuts of 2.2 million per day into the ...
The session high was more than $80, highest this year so far. U.S. West Texas Intermediate crude futures climbed 66 cents, or 0.9%, to settle at $72.68, paring gains after touching a 2024 high of ...
Representation of a oil derrick. The Texas oil boom, sometimes called the gusher age, was a period of dramatic change and economic growth in the U.S. state of Texas during the early 20th century that began with the discovery of a large petroleum reserve near Beaumont, Texas.
Shortly after talks between union and oil company representatives ended on the night of the 20th, the union notified Motiva Enterprises of a strike by its members at the company's 600,250-barrel-per-day (bpd) refinery in Port Arthur, Texas. [7] Port Arthur Refinery (Motiva Enterprises), Port Arthur, Texas
In January and February 1969, in the Santa Barbara Channel, near the city of Santa Barbara, in Southern California. It was the largest oil spill in United States waters at the time, and now ranks third after the 2010 Deepwater Horizon and 1989 Exxon Valdez spills. It remains the largest oil spill to have occurred in the waters off California.
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Stock market news live updates: Stocks crater, Dow hits 2022 low, and oil plunges as Fed and growth fears roil markets ... In commodity markets, crude oil fell sharply, with West Texas ...