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Oil ends at 2-week low
Oil ends at 2-week low after report Saudi Arabia to scrap price target, boost output
Oil futures on Thursday ended at their lowest in about two weeks, pressured after the Financial Times reported that Saudi Arabia was ready to abandon its $100-a-barrel price target as it prepares to increase production in a bid to take back market share.
Oil tanks more than 2% on report Saudi Arabia vows to bring barrels back even if prices fall
Oil prices tanked more than 2% on Thursday after the Financial Times reported Saudi Arabia is determined to start unwinding voluntary production cuts starting Dec. 1, even if it leads to a "prolonged period" of lower crude prices.
Oil prices fall on prospects of lower Saudi Arabia price target
Oil prices dropped on Thursday, reversing earlier gains, as news of top exporter Saudi Arabia giving up its crude oil price target in preparation for expanded production weighed on the market. Brent crude futures were down 55 cents,
The Texas Tribune
17h
Fourteen years after BP oil spill, Galveston scientists are striving to save the Gulf’s deep-sea coral
The massive 2010 oil spill damaged or killed coral in the Gulf of Mexico. Now some of the $20 billion settlement is helping ...
8d
An Oil Field, an Explosion, and a Man’s Fight for His Life
When oil workers like Jeff Springman get oil from tanks, they come face to face with toxic gases — and it can cost them their ...
8d
New Pipeline Has Oil-Storage Tanks at Key US Hub Running Dry
Oil-storage tanks at a key US crude hub have drained to near their bottoms as a massive new pipeline in Canada diverts flows ...
7d
Shopoff to build homes and hotel on tank farm in Huntington Beach
for-sale homes, 50 affordable apartments and a 215-room boutique lodge will rise on a former oil tank farm near the beach.
KRBD
8d
Hundreds of gallons of diesel heating oil spill outside Rec Center and into nearby creek
Roughly 500 gallons of oil originating from a residential tank spilled Tuesday afternoon. Cleanup efforts are ongoing.
3h
U.S. fines Turkish shipping company $2M for dumping oil waste in ocean
A Turkish shipping company and its United Arab Emirates-based partner were sentenced and fined $2 million by the United ...
18h
Home heating oil drops to lowest price in 14 months
The cost of home heating oil has dropped to the lowest levels since July 2023. On average, it will cost about £286.83 to fill ...
10d
on MSN
Russia is still passing $2 billion worth of its oil products to the West via middlemen, think tank says
Western countries have bought billions of dollars worth of Russian oil from Turkish refiners, a study from CREA says.
Dickinson Press
11d
Crude oil tank fire extinguished after hours of effort, no injuries reported
Evacuation orders were briefly issued as local agencies battled the blaze near densely populated areas; cause of the ...
12h
Van Goghs attacked again in London hours after Just Stop Oil activists sentenced
Three Just Stop Oil activists threw soup at two of Vincent van Gogh's "Sunflowers" paintings in London's National Gallery on ...
1d
Oil falls more than 2% on report Saudi Arabia vows to bring barrels back even if prices fall
Crude dropped more than 2% on reports that Saudi Arabia is ready to let more barrels flow into the market even if prices fall ...
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