Oil slips on buildup in US gasoline stocks

Oil slips on buildup in US gasoline stocks; eyes on weekend OPEC+ meeting
Oil prices drifted lower on Thursday after a surprise jump in U.S. gasoline inventories, with investors focusing on the OPEC+ meeting this weekend to discuss oil output policy.
Oil Edges Lower After Jump in US Gasoline Stocks, OPEC+ Supply Decision in Focus
(Reuters) - Oil prices edged lower in Asian trading on Thursday, after a surprise jump in U.S. gasoline stocks ahead of the nation's Thanksgiving holiday sparked worry over demand in the top consumer of the motor fuel. Brent crude futures fell by 4 cents ...
Report: OPEC+ set to delay oil production strategy meeting
It's not easy to decide oil strategy in the current climate. Sources from CNBC suggest that OPEC+ has decided to postpone its coming meeting from Dec. 1 to Dec. 5, giving the group a few extra days to figure out the next steps on crude production.
Oil steady after surprise rise in US gasoline stocks
Oil prices were little changed on Wednesday, pressured by a large surprise build in U.S. gasoline stocks and worries about U.S. interest rate cuts next year, but prices drew support from concerns about supply eased after a ceasefire deal between Israel and Hezbollah.
Oil prices end mixed as attention turns to OPEC+ decision on crude production
U.S. and global benchmark crude prices settled mixed after a cease-fire between Israel and Iran-backed Hezbollah eliminated much of the remaining risk premium around a wider Middle Eastern conflict.
Robust Fuel Markets Are Throwing a Lifeline to Gloomy Oil Bulls
With oil prices headed for a second annual decline and a widely expected surplus in 2025 fast approaching, bullish traders ...
Maine Sues Major Oil Companies Over ‘Ongoing Deception’ About Climate Change
The lawsuit is just the latest alleging a decades-long disinformation campaign about global warming and the companies' ...
Inglewood Oil Field owner sues California for ‘illegal’ terminating of operations
The law "represents an illegal attempt to coerce an individual company to stop operation of its legal business," oil field ...
Trump Treasury Nominee’s Oil Math Doesn’t Add Up
Boosting energy production is easier said than done, and the effect on the government deficit isn’t clear either.
Oil prices end little changed as traders weigh supply data and await OPEC+ meeting
Oil futures finished on a mixed note, with U.S. and global benchmark prices little changed Wednesday as traders turned their ...
Trump prepares wide-ranging energy plan to boost gas exports, oil drilling, sources say
Trump will speed permits for drilling on federal lands and plans to kill tax credits for electric cars, sources told Reuters.
Canada’s Oil Patch Warns Trump’s Tariffs Would Raise US Gasoline Prices
Canada’s oil industry stressed the economic and security benefits of its exports to the US, while also using President Elect ...