World Oil (Bloomberg) — Crude oil production from the prolific Permian basin of West Texas has topped estimates and may grow by an annual rate of 600,000 barrels a day over the next several years, according to pipeline giant Plains All American Pipeline LP. The Houston-based company expects to move nearly 5.3 million barrels a day of oil in the Permian this
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Finance Yahoo Oil prices climbed more than 1% on Thursday, extending their rally for a second day on concerns over market tightness after OPEC forecast a steeper rise in demand, even as investors awaited the outcome of U.S.-Iran nuclear talks that could add crude supplies quickly to global markets. Brent crude futures rose $1.18, or 1.3% to $92.71 a barrel
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World Oil (Bloomberg) — The U.S. oil market is flashing ever more signs of tightness and supplies can barely keep up with a scorching surge in fuel demand. Last week crude stockpiles in one of the biggest oil consumers in the world plunged to the lowest since 2018, with inventories at a key storage hub falling toward critical levels. At
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