Latest Energy markets News
Oil prices have risen. That's making gas more expensive for US drivers and helping Russia's war
FRANKFURT, Germany (AP) — Oil prices have risen, meaning drivers are paying more for gasoline and truckers and farmers more for diesel. The increase also complicates the global fight against inflation and feeds Russia's war chest. That poses problems for politicians as well as the...
Stock market today: Asian markets are mostly lower as oil prices push higher
Shares were mostly lower in Asia on Wednesday after a decline on Wall Street as traders returned from a long holiday weekend. Japan’s Nikkei 225 index advanced but most other regional markets fell. Crude oil prices pushed higher, adding to inflationary pressures at...
Oil prices spike as Saudi Arabia, Russia extend 1.3 million barrel a day oil cut through December
DUBAI, United Arab Emirates (AP) — Saudi Arabia and Russia agreed Tuesday to extend their voluntary oil production cuts through the end of this year, trimming 1.3 million barrels of crude out of the global market and boosting energy prices. The dual announcements from Riyadh and...
Saudi Arabia extends cut of 1 million barrels of oil a day, potentially boosting prices at the pump
DUBAI, United Arab Emirates (AP) — Saudi Arabia said Thursday it will extend its unilateral production cut of 1 million barrels of oil a day through the end of September in its effort to boost flagging energy prices, a move that could push U.S. gas prices higher. The Saudi...
Saudi Arabia and Russia are cutting oil supply again in bid to boost prices
LONDON (AP) — Saudi Arabia and Russia are extending cuts to the amount of oil they pump to the world in a bid to prop up prices, showing how two of the world's largest oil producers are scrambling to boost income from the fossil fuel even as demand has weakened with the economy. ...
