Commercial crude oil stocks were down by 9 million barrels last week. Analysts expected crude stocks to rise by 1.1 million barrels.

March WTI crude oil (CLH26 ) today is up +2.06 (+3.30%), and March RBOB gasoline (RBH26 ) is up +0.0438 (+2.29%). Crude oil and gasoline prices are sharply higher today on geopolitical risks. The likelihood of the Russian-Ukrainian war continuing will keep restrictions on Russian crude and limit global

US President Donald Trump has given a 10-day to 15-day timeframe to meet an outcome for nuclear talks with Iran. If that does not happen, he has threatened to destabilize Iran. Meanwhile, the Islamic regime has retaliated with its own warnings.

U.S. crude oil, gasoline, and distillate inventories all saw notable draws in the latest reporting period, contributing to a rise in Brent and WTI crude oil prices.

The U.S. pumps more oil than any other country, so why do President Trump and officials including Secretary of State Marco Rubio think American refineries need Venezuelan crude? While the shale drilling boom has unleashed a flood of oil from places like ...

OMC stocks fall as rising crude prices and US-Iran tensions dampen investor sentiment, affecting HPCL, BPCL, and IOC shares.

Chevron’s push to ramp up Venezuelan heavy crude production reflects a structural refining mismatch in the United States that makes dense, sulfur-rich barrels strategically and economically essential.

The US EIA predicts global crude oil prices will decline through 2026 and 2027 due to increased production outpacing demand, leading to rising inventories and market surplus

U.S. crude, gasoline and distillate inventories fell last week, the Energy Information Administration said on Thursday.

Valero is poised to buy up to 6.5M barrels of Venezuelan crude in March bound for its Gulf Coast refineries, which could make it the top foreign refiner of Venezuelan oil, Reuters reported.