US Oil

US OIL NEWS

Joe Biden calls for 'transition' from oil, GOP sees opening

October 23, 2020 2:13 pm

After the debate, Biden told reporters he would not “ban” fossil fuels or move away from them for “a long time.”

US oil hits highest in over a month amid Gulf of Mexico storm, Iran tensions

July 11, 2019 8:48 am

US West Texas Intermediate (WTI) crude futures were up 11 cents at $60.54 a barrel by 0055 GMT, after earlier touching the highest since May 23 at $60.63. They gained 4.5% in the previous session.

US oil sellers may look to India as China tariff war escalates

July 08, 2018 4:35 am

If Beijing does impose tariffs on American oil, it could put downward pressure on the price of West Texas Intermediate crude, the U.S. benchmark, and may weaken its spread to Brent oil, the global market standard.

Oil hits $60.28 as OPEC says no to output cut

December 16, 2014 1:58 am

Brent was down 80 cents at $61.05 a barrel at 1700 GMT.

Oil prices jump as Iraq violence fuels supply worry

June 17, 2014 1:01 am

Gold rises; Govt hikes import tariff value

Iran oil production dropped by 40%: US

September 12, 2012 10:58 am

'So that is the equivalent of about USD 9 billion in lost revenue per quarter'

Oil rate falls more than $2 after US downgrade

August 08, 2011 11:24 am

Crude oil prices fell more than $2 a barrel on Monday after rating agency Standard & Poor's downgraded the United States' top-tier credit rating,raising concerns on the outlook for demand in the world's biggest oil consumer.

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