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Detailed analysis of crude oil price movements and crude oil news which looks at geopolitics and technical advancements affecting the oil sector. | Page 1

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2 days ago · Helped by the newly-issued crude import quotas, China’s independent refiners are buying sanctioned Iranian crude again and raising their processing rates, making room for …

Aug 1, 2025 · The new oil discovery comes as Pakistan is looking to develop its domestic resources to reduce dependence on imported oil and gas.

Jul 14, 2025 · Global oil consumption reached an all-time high in 2024, driven primarily by non-OECD countries, with the U.S. remaining the largest consumer.

The current price of West Texas Intermediate (WTI) crude oil today is $59.23 per barrel. Live charts, historical data, futures contracts, and breaking news on WTI prices can be found below.

Jul 28, 2025 · U.S. crude oil production from onshore federal lands reached a record high in 2024, largely driven by increased activity in New Mexico's Permian Basin, while offshore production …

Nov 30, 2025 · A Texas oil firm is fighting an uphill battle with the state of California to restart crude oil production and sales from three platforms in federal waters offshore Santa Barbara.

Jun 22, 2025 · Oil production growth is slowing due to natural depletion and rising costs, especially in the Permian Basin, but new federal estimates could offset geological limits.