Jan 29oil
Winter storm slashes US oil output by 2 million barrels a day
A severe winter storm knocked out roughly 15% of US crude production last weekend, hammering the Permian Basin hardest and briefly halting all Gulf Coast exports.
Energy Market News
Latest news and analysis on oil, gas, and commodity markets
Jan 27oil
Libya signs $20 billion oil deal with TotalEnergies and ConocoPhillips
French and American oil majors extend Waha concessions to 2050 in deal targeting 850,000 barrels per day production capacity, with $376 billion in expected revenues.
Jan 25market
US crude inventories surge as Cushing sees biggest build since August
Crude oil stocks rose 3.6 million barrels last week while the key Cushing hub added 1.5 million barrels, the largest gain in five months.
Jan 24oil
Oil prices surge as Trump warns of armada heading toward Iran
Brent crude jumps nearly 3% to $65.88 after President Trump says US warships are heading toward Iran, adding to supply fears from Kazakhstan outage.
Jan 22oil
India overtakes China as the engine of global oil demand growth
India now drives 25% of world oil demand growth as its economy expands at 6.4% and vehicle sales surge, while China's consumption slows.
Jan 22policy
Trump drill policy floods market with permits but oil prices keep falling
The administration has approved 64% more drilling permits than Biden, yet WTI sits below $60 as oversupply fears and weak economics keep producers on the sidelines.
Jan 22policy
EU blocks refined fuel from Russian crude as sanctions loophole closes
European Union ban on oil products refined from Russian crude in third countries takes effect today, targeting refiners in India, Turkey, and China.
Jan 21gas
Natural gas surges 29% as Arctic cold grips eastern US
Henry Hub natural gas jumped to $5.03 per MMBtu on Tuesday, up nearly 30% from Monday, as frigid temperatures drive heating demand across the country.
Jan 21market
Halliburton beats estimates as cost cuts offset US drilling slump
Halliburton posted Q4 earnings of $0.69 per share, crushing Wall Street's $0.54 estimate, despite the lowest US rig count since 2022.
Jan 20market
WTI crude climbs back above $60 as buyers return
US benchmark crude rose to $60.21 per barrel Monday, recovering from last week's slide below the key psychological level as traders eye Trump policy shifts.
Jan 19market
Gold soars 47% while oil stagnates as investors seek safe havens
Gold has surged to $4,677 per ounce in 2026 while crude oil remains stuck below $60, highlighting a sharp divergence between safe-haven assets and energy commodities.