The ‘imminent’ oil crisis isn’t at the pump—it’s under your hood
The U.S. is increasingly reliant on the Middle East for the specific base oils that comprise most modern motor oils and lubricants.
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The U.S. is increasingly reliant on the Middle East for the specific base oils that comprise most modern motor oils and lubricants.
Brent crude futures rise 33 cents, or 0.35%, to $95.36 a barrel
پیداوار بڑھانے والے ممالک میں سعودی عرب، روس، عراق، کویت، قازقستان، الجزائر اور عمان شامل ہیں
Oil transits through the Strait of Hormuz have picked up of late but the world remains perilously undersupplied. Inventory drawdowns are cus...
The Persian Gulf exported 16.4 million barrels of crude per day in 2024, with its single largest flow of 5.1 Mb/d heading to China.
Brent crude futures fell $1.50, 1.99%, to $73.76 a barrel; US West Texas Intermediate fell $1.49,2.07%, to $70.43
Brent futures traded just above $72 a barrel, while West Texas Intermediate was below $69, with volumes depressed due to the US Independence Day holiday
Customers desperate for oil are draining so much of it from giant storage tanks in Oklahoma that producers are having trouble keeping up.
See how the world’s 20 largest oil and gas companies stack up by market cap, from Saudi Aramco and Exxon Mobil to Shell, PetroChina, and Chevron.
Crude Oil Futures Analysis: Price Still Below the Key Intraday Decision ZoneCrude oil futures remain under short-term pressure while price trades near 68.50, just below the key 68....
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