There’s a record 1.4 billion barrels of crude currently on the world’s oceans, pushing down benchmark prices and sending gasoline under $3 a gallon at the pump in the US.

Oil prices jumped on Thursday after the U.S. imposed sanctions on major Russian oil companies over Russia's war in Ukraine. Brent crude futures were up 5%, while West Texas Intermediate crude futures ...

The U.S. Energy Information Administration released its short-term energy outlook this week, predicting that oil prices will continue to slide into next year. Brent crude, which averaged $71 per ...

Previously, we reported that the national average price of gasoline in the United States has dropped below $3 a gallon for the first time in years, in large part due to OPEC+ returning more barrels to ...

LONDON, Nov 10 (Reuters) - Oil prices have oscillated in a relatively narrow range of $60 to $70 a barrel in recent months, reflecting both warnings over rising oil supplies as well as concerns about ...

OPEC+ has decided to increase oil production, surprising many given the soft outlook for oil prices, and potentially reversing earlier production cuts sooner than expected. The article questions ...

Brent crude oil prices fell to below $60 a barrel on Tuesday, the lowest since May, amid investor optimism over progressing peace talks between Russia and Ukraine, and a wave of oversupply hitting ...

Tom Kloza writes a monthly column examining how global energy trends affect New Jersey consumers. In 1974, I was a student and fraternity brother at St. Francis College in Pennsylvania. One of our ...

These oil companies built their businesses to thrive at even lower oil prices. Oil prices have been on a downward spiral this year. WTI, the primary U.S. oil price benchmark, has fallen over 13% ...

Oil prices on Tuesday dropped to their lowest point since 2021. U.S. benchmark West Texas Intermediate was trading at about $55 per barrel, according to Business Insider’s tracker. That’s down from ...