PM EDT Well, its been a historic night. Oil futures are now up an incredible 30% from their Friday close. WTI Crude futures are now trading for $119 per barrel, or up 30.6% from their Friday close. If this keeps up,

Russia's oil exports fell to their lowest level since the full-scale invasion of Ukraine, Bloomberg reported. It was affected by both Western sanctions, which have limited sales and forced the aggressor country to offer big discounts on oil, and Ukraine's effective strikes on Russia's oil infrastructure.

The Trump administration is currently trapped between the specter of a global economic recession and a naval catastrophe.

U.S. special forces apprehended former President Nicolas Maduro and his wife Cilia Flores in a daring raid during the early hours of Saturday, prompting fierce criticism from Russia directed at Donald Trump. The former dictator has been transported to the ...

Global oil prices are likely to remain under pressure in 2026. Supply is expected to exceed demand by as much as 4 million barrels a day. The Energy Information Administration expects inventories to continue building through 2026, reinforcing downward ...

Just two weeks ago, we wrote a WCTW titled, "The Massive Oil Surplus Narrative Will Collapse Soon." In the conclusion section, we said:Oil prices are now climbing the wall of worries. Global oil balances are now in the midst of the most anticipated surplus ...

A raft of major African oil and gas projects due for sanction over the next few years are set to be stalled as they become uneconomic due to the collapse in oil prices in the wake of the coronavirus pandemic, according to Rystad Energy. The Oslo-based ...