The real-time price of Brent crude oil is at $76.40 per barrel, and the price of WTI crude oil is at $73.81 per barrel. Oil prices are customarily quoted in dollars (USD) around the world, not only in ...
and these wells become unprofitable at around $40 per barrel. Other high-cost oil comes from Canada’s tar sands and the United Kingdom’s North Sea oil fields; these become unprofitable around ...
Canada's Industry Minister, Tony Clement, has given PetroChina the go-ahead for a 1.7 billion US dollars acquisition of two oil sand projects. The deal gives the Chinese company 60% control of ...
U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR) decreased by 2.0 million barrels from the week ending January 3 to the week ending January 10 ...
ConocoPhillips has a very low cost of supply. The oil company can produce a lot of cash when crude oil is in the $70s. It increased its low-cost supplies by acquiring Marathon Oil. Oil prices have ...
Oil prices have bounced around quite a bit over the past year. WTI, the primary U.S. benchmark price, has topped $80 a barrel several times, including earlier this month. However, it has cooled ...
"Despite ongoing geopolitical conflicts, a combination of bearish factors will likely keep oil prices structurally low in 2025, with a likely price range of $60-$80 per barrel for Brent spot crude ...
Brent crude futures settled down 91 cents, or 1.2%, at $76.58 a barrel. U.S. crude futures fell $1.15, or 1.6%, to $72.62, their lowest settlement price so far this year. Crude oil stockpiles in ...