The country's oil reserves are of mixed quality. The largest percentage falls under the medium and sweet label, accounting for roughly 36.8% of total stockpiles. This crude oil quality classification ...

Over 1.2 billion barrels of crude and condensate are currently in transit on tankers, reaching multi-year highs due to increased global supply and longer shipping routes. The surge in oil supply is ...

What is the current oil price today? WTI futures traded at $71.53 per barrel, as of 9 a.m. ET. Year to date, WTI prices are down by 2.60%. Brent futures traded at $75.41/bbl, an increase of 0.13% in ...

HOUSTON, Oct 22 (Reuters) - Companies drilling for the crude that turned the U.S. into the world's top oil producer face an unexpected dilemma: their West Texas Midland crude is getting lighter, which ...

SINGAPORE, Sept 11 (Reuters) - The global crude oil market is facing two long-term fundamental shifts that will change how cargoes flow around the world and how they are priced. The first factor is a ...

U.S. crude output hit a record 13.58 mb/d in June 2025 and is forecast to peak at 14.34 mb/d by March 2026. Global crude exports also set new highs, reaching 40.4 mb/d in September, driven by Saudi ...

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What is the price of crude oil today? WTI futures traded at $68.42 per barrel, as of 9 a.m. ET. Year to date, WTI prices are down by 6.84%. Brent futures traded at $72.07/bbl, a drop of 3.42% in the ...