Oil

Oil prices are set for better days. Here's why and when...

Oil prices inched higher on Thursday, helped by late-day buying in a low-volume session to close out the week.

For energy, 2021 is shaping up to be a year of contradictions.

Global stocks dropped Monday as a fast-spreading strain of coronavirus emerging from England prompted fresh travel restrictions, dealing another blow to prospects for the global economic recovery.

A host of environmental groups is urging President-elect Joe Biden to declare a national climate emergency, granting him greater power to address the issue and fulfill his pledge to ban new fossil fuel leases on public land.

The oil market is starting to price in the possibility of a new sheriff in town: Biden.

Oil prices fell on Tuesday, adding to losses from the previous session that came as California tightened its pandemic lockdown through Christmas and coronavirus cases continued to surge in the United States and Europe.

Oil prices fell on Monday as a continued surge in coronavirus globally forced a series of renewed lockdowns, including strict new measures in Southern California.

Energy analyst Stephen Schork says consumers won't pay much more than $2 per gallon at the pump in the coming months.

The Trump administration has taken another step in its efforts to open up Alaska's Arctic National Wildlife Refuge for drilling, announcing Thursday it would sell oil and gas leases on Jan. 6.

OPEC members and their allies reportedly reached a deal to begin easing oil production cuts next year.

Big money is sensing a new day in the global oil markets.

Former Shell Oil President John Hofmeister discussed how a coronavirus vaccine could impact oil demand.

Exxon Mobil Corp. is retreating from a plan to increase spending to boost its oil and gas production by 2025 and preparing to slash the book value of its assets by up to $20 billion, as the struggling company reassesses its next decade.

Oil prices slipped on Tuesday amid concerns over mounting supply after leading producers delayed talks on 2021 output policy that could extend production cuts as the coronavirus pandemic continues to sap fuel demand.

Oil prices fell about 1% on Monday amid investor jitters ahead of an OPEC+ meeting to decide whether the producers’ group will extend large output cuts to balance global markets.

Oil prices were mixed on Friday in quiet trade due to the U.S. Thanksgiving holiday, with West Texas Intermediate (WTI) dropping more than 1% amid concerns about oversupply and doubts about a vaccine to end the coronavirus pandemic.

Six American oil executives held for three years in Venezuela were found guilty of corruption charges by a judge Thursday and immediately sentenced to prison.