A new futures contract for the physical delivery of crude in the Houston area may only be a few months away from launching. ... lees verder

Oil futures decline on Friday, with U.S. prices poised to erase much of their gains for the week, after U.S. government data reveal an unexpected weekly ... ... lees verder

The Keystone XL pipeline project may be dead, but the United States is still poised to pull in record imports of Canadian oil in coming years through other pipelines that are in the midst of expanding ... ... lees verder

Oil prices dropped on Friday, retreating further from 11-month highs hit last week, weighed down by worries that new pandemic restrictions in China will curb fuel demand in the world's biggest oil ... ... lees verder

Physical oil prices firmed in Asia after a flurry of tenders this week, although concerns remain about possible near-term demand weakness after a flare-up in Covid-19 cases across China. ... lees verder

Oil prices slipped on Thursday after industry data showed a surprise increase in U.S. crude inventories that revived pandemic-related fuel demand concerns, while U.S. stimulus hopes buoyed prices. ... lees verder

Democrat Joe Biden took his place as president of the United States on Wednesday and promptly took actions that may have a long-term impact on oil prices ... ... lees verder

The price of palm oil, used in products from chocolate to toothpaste, is near a decade high and likely to climb further as pandemic-related labor woes hurt production while demand strengthens. ... lees verder