Are Oil Prices at Historic Highs? Yes and No. Here's Why.

Oil prices vary widely, but some are indeed at all-time highs.

It’s almost inexplicable why oil prices aren’t much higher. But here’s why markets are ‘resilient’ so far despite the biggest energy supply shock ever

Crude oil prices have surged more than 70% this year, but there's the potential to go much higher to new records.

Use the stairs, work from home: Asia is already making big changes as oil prices spike

From New Delhi to Manila, authorities have invoked emergency powers to conserve energy as a region dependent on Gulf oil grapples with the effective closure of the Strait of Hormuz.

Oil Stocks Could Reap a $60 Billion Windfall if Crude Prices Remain Elevated This Year

Oil prices have surged due to the war with Iran. Most oil companies anticipated that crude prices would be much lower this year. They're on track to generate an unexpected windfall of excess free cash flow.

Crude prices close higher as market weighs threats to tankers against IEA oil stockpile release

Oil prices rose more than 4% Wednesday, as traders weighed threats to tankers in the Strait of Hormuz against a historic release of emergency reserves from the International Energy Agency. Global benchmark Brent crude futures rose 4.

Oil prices stay high despite US temporarily lifting sanctions on Russian oil stranded at sea

Oil prices traded around the highest levels since 2022 Friday, shrugging off the Trump administration’s earlier decision to temporarily allow the delivery and sale of sanctioned seaborne Russian crude – a waiver aimed at mitigating a surge in prices following its attacks on Iran.

Oil prices are skyrocketing, but this is why companies won't rush to drill in California

Aging fields and volatile markets make drilling a tough sell, even with a path cleared for permitting.