Citi expects oil prices to stay elevated despite oversupply risks

Jan 28 (Reuters) - Citi said on Wednesday that oil prices may stay elevated due to rising geopolitical risks, U.S. restrictions on Russian oil purchases and continued Chinese buying, even as markets entered the year expecting a large oversupply.
InvestorsHub on MSN

Oil rallies for third day as fears of Iran strike lift risk premium

Oil prices climbed about 1.5% on Thursday, extending a three-day advance, as mounting concerns that the United States could launch a military strike against Iran heightened fears of potential supply disruptions from the Middle East.

These 2 oil behemoths are flying high in 2026. Should you invest $1,000?

Oil stocks have soared since the capture of Venezuelan President Maduro.

Oil extends climb on Iran supply disruption concerns

By Anushree Mukherjee and Jeslyn Lerh SINGAPORE, Jan 13 (Reuters) - Oil prices extended gains on Tuesday as heightened concerns surrounding Iran and potential supply disruptions outweighed the prospect of increased crude supply from Venezuela.
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Geological survey in Texas uncovers 1.6 billion barrels of oil

A recent U.S. Geological Survey assessment of previously undiscovered gas and oil in Texas' Permian Basin has found that there are enough resources there to fuel the entire nation for months.
AOL

Oil barrels toward its worst annual performance since the pandemic as Russia feels the pain

Oil prices are barreling toward their worst year since the Covid crash. A flood of non-OPEC supply and cooling demand has knocked crude prices down about 20%. Russia is feeling the squeeze as low prices and sanctions hammer oil revenues and growth.

Oil futures surge more than $1 a barrel as winter storm slams US output

By Georgina McCartney HOUSTON, Jan 27 (Reuters) - Oil prices rose by more than $1 a barrel on Tuesday as producers reeled from a winter storm that hobbled crude production and drove U.S. Gulf Coast crude exports to zero over the weekend.
Iraqi News

Iraq’s weekly oil exports to US hit 251,000 barrels per day

The US Energy Information Administration revealed on Sunday that Iraq’s weekly oil exports to the United States rose during the last week.
AOL

Trump wants oil prices to hit $50 a barrel. The math doesn't work for the US oil industry.

President Trump has reportedly homed in on $50 a barrel as the price he'd like to see US oil prices trend toward, alleviating energy costs for US households. The problem for the US oil industry? That math doesn't check out. In the Permian Basin, the ...
OilPrice.com on MSN

ADNOC Expects Oil Demand to Stay Above 100 Million Barrels a Day Through 2040

ADNOC CEO Sultan Al Jaber says global oil demand will remain above 100 million bpd through 2040, warning that underinvestment across all energy sources poses the biggest risk as AI, emerging markets,