It is noted that Russia has a federal budget deficit that is widening due to shortfalls in oil and gas revenues, which form almost a quarter of budget revenues. Although global oil prices topped $83 a ...

February WTI crude oil (CLG26) today is up +1.82 (+3.069%), and February RBOB gasoline (RBG26) is up +0.0421 (+2.35%). Crude oil and gasoline prices are sharply higher today, with crude climbing to a ...

5 days Reliance Industries Pivots Back to Russian Oil with U.S. Waiver 5 days U.S. Gasoline Surges to Highest Under Trump as Iran War Roils Oil Market Irina is a writer for Oilprice.com with over a ...

As the US–Israel war on Iran escalates, so too does the global oil crisis. The effective closure of the Strait of Hormuz, through which roughly 20% of the world’s oil and natural gas flows, and the ...

China underpinned oil prices in 2025 by aggressively stockpiling crude. Crude imports hit record highs, with December stockpiling estimated at 2.67 million bpd—the fastest pace since 2020—as Beijing ...

March WTI crude oil (CLH26) today is up +0.79 (+1.25%), and March RBOB gasoline (RBH26) is up +0.0291 (+1.51%). Crude oil and gasoline prices recovered from early losses today and moved higher after ...

March WTI crude oil (CLH26) on Friday closed up +1.71 (+2.88%), and March RBOB gasoline (RBH26) closed up +0.0307 (+1.67%). Crude oil and gasoline prices rose sharply on Friday, with crude oil posting ...