Us Oil

India-US trade deal: White House says New Delhi to end Russian oil purchases, buy more from US

Leavitt said the agreement will benefit both countries by boosting American exports and enhancing India’s access to reliable, diversified energy sources.

US and Venezuela’s vast oil reserves: Key questions about Trump’s plan and future production

After the US captured Nicolás Maduro, President Trump expressed interest in allowing American oil companies back into Venezuela to exploit its vast reserves, despite declining production caused by sanctions and infrastructure issues.

President Trump looks to repeat his performance with India on oil and gas trade

When President Trump first assumed office, India had a 2.7 percent share of US crude oil exports, receiving 140,000 barrels of the 5.2 million exported daily. By 2020, India’s share had increased to 5.5 percent or 471,000 of 8.5 million barrels.

Oil prices up 1% to 4-week high on big US crude withdrawal, China stimulus

Brent futures rose $1.03, or 1.3%, to $80.58 a barrel by 12:03 p.m. EST (1703 GMT). US West Texas Intermediate (WTI) crude rose $1.31, or 1.8%, to $75.68.

Endeavor Energy explores sale for as much as $30 billion

The sale would come almost 45 years after Texas oilman Autry Stephens started the company that would become Endeavor. The 85-year-old wildcatter has decided to capitalize on a wave of mega deals sweeping the sector, the sources said.

US oil supplier RM Parks enters Sri Lankan market

The Board of Investment said that RM Parks Inc, a California-based US fuel distribution company, signed an agreement for an Investment of $100 million.

Oil surges 5% after Israel makes ground raids into Gaza

By Stephanie KellyNEW YORK Oil prices leapt 5% on Friday, with Brent on track for its highest weekly gain since February, as investors priced in th..

Brent holds $109 as US crude stocks set for 3rd weekly fall

Brent futures held near USD 109 a barrel on Tuesday as forecasts of a third straight drop in weekly US crude inventories raised hopes of a steady revival in demand growth in the world's biggest oil consumer.

Changing Middle-East dynamics a game changer for oil?

A political crisis in Egypt heralds a new phase of instability in the Middle East that will keep worries about oil supplies from the region intact putting upward pressure on prices, commodities analysts said.

Brent holds above $107; gains to 8-week highs spur selling

Brent crude held above USD 107 on Friday, edging lower after a surge of 20% in four weeks prompted some selling as worries about conflict in the Middle East eased slightly.

Oil edges higher; eyes stockpiles, EU meeting

US oil edged higher on Wednesday, but remained well short of a near three-month high hit the previous day on a build in crude stocks stocks and worries that Europe may fail to deliver a solution to the sovereign debt crisis.