Oil price charts for brent crude, wti & oil futures Energy news covering oil, petroleum, natural gas and investment advice The current price of west texas intermediate (wti) crude oil today is $59.80 per barrel Live charts, historical data, futures contracts, and breaking news on wti prices can be found below. This report provides an overview of global oil and natural gas market trends, including price changes, production data, and geopolitical developments impacting energy. Australia’s woodside energy expects its sales of crude oil and natural gas to rise by some 50% by 2032, driven by growing demand for energy, especially in asia.
Oil production growth is slowing due to natural depletion and rising costs, especially in the permian basin, but new federal estimates could offset geological limits. The international energy agency just threw a bucket of ice water on oil bulls, reporting that crude supply is outpacing demand by 600,000 bpd and slashing its demand outlook for the year. Crude oil production from onshore federal lands reached a record high in 2024, largely driven by increased activity in new mexico's permian basin, while offshore production growth remained.
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