The supply of crude oil is limited, however, and cannot be increased further, since it has become increasingly difficult to find and develop new oil reserves in recent years. As a result ...

In contrast, hedging was much higher in previous downturns, such as 51.7% in 2020, which provided crucial support during the ...

Oil slipped as broader market weakness and concerns about a global glut of crude overshadowed escalating tensions in the ...

Supply-chain snags. Overwhelming demand. Insufficient crude oil production. Refinery backlogs. A handful of factors have been blamed for soaring gas prices, which have headlined the suffocating ...