Feb 19market
US drillers add rigs for third straight week, highest since November
Baker Hughes data shows the US oil and gas rig count rose by five to 551, the most active since November, led by a seven-rig jump in the Haynesville.
Oil Price Live - Real-time Oil, Gas & Energy Prices
Market Today
BullishSummary
4↑1↓avg +1.31%
WTI-Brent
$-5.28
Top GainerRBOB+10.22%
Top LoserHeat Oil-5.58%
UpcomingTueAPI Crude Oil Stock
WedEIA Petroleum Status
Latest News
View all →
Feb 19oil
Oil surges 4% after Vance says military strikes on Iran on table
Brent crude jumped above $71 and WTI crossed $66 after VP Vance said Iran failed to meet US demands and President Trump reserves the right to use force.
Feb 17gas
Europe's gas storage drops to lowest level since 2022 crisis
EU gas reserves have fallen to 35% capacity, the lowest seasonal level in four years, as a cold winter and Russian supply cuts drain inventories.
Feb 17oil
China gorges on cheap Russian crude as India steps back
Russian oil shipments to China jumped to 2.07 million barrels per day in February, a new record, after India slashed imports under US pressure.
Feb 16oil
Iran offers energy deals as sweetener in nuclear talks with US
Tehran dangles oil, gas, and mining contracts to make a nuclear deal stick, while Washington slaps fresh sanctions on 14 tankers in Iran's shadow fleet.
Feb 16opec
OPEC+ eyes April output hike as March 1 meeting nears
Eight OPEC+ producers are leaning toward restarting output increases in April, but a widening gap between demand forecasts clouds the decision.
Feb 13market
Oil falls 3% after IEA cuts demand forecast and flags record surplus
Brent crude dropped to $67.51 as the IEA slashed its 2026 demand growth forecast by 80,000 barrels a day and warned of a 3.7 million bpd surplus.
Feb 9gas
Record 360 Bcf gas storage draw leaves US stocks below average
The EIA reported the largest weekly gas storage withdrawal on record as Winter Storm Fern drove consumption 29% above normal and froze Gulf Coast production.
Feb 7market
Crude inventories plunge as API reports biggest draw since mid-2023
API reported an 11.1 million barrel crude draw for the week ending January 31, dwarfing expectations for a build and marking the steepest weekly decline since mid-2023.