Fed Beige Book Shows Flat or Declining Economic Activity

Oil prices continued their move lower yesterday. While ICE Brent settled a little more than 1.4% lower on the day, NYMEX WTI settled below US$70/bbl for the first time since ...

Phillips 66, the No. 2 US oil refiner, is planning for a “constructive” refining market next year with a shortage of fuel-making capacity available to meet global demand. Refining ...

Oil prices extended declines during Asia trading hours, after a report that Libya’s oil production was set to be restored pressured prices overnight. OPEC+ plans to raise output ...

If yesterday's market dump was a bang, today's continued selling more of a whimper. One day after the biggest drop in the S&P since the August 5 rout (which however was followed ...

Citi forecasts oil prices could drop to $60 per barrel next year if OPEC+ doesn't increase production cuts. • Then, from $60, prices could fall further to $50 before rebounding, ...

Crude oil has long been a cornerstone of global development, acting as a driver of industrial progress and a linchpin in global energy security. Its pivotal role can be traced ...