President Trump announced Wednesday that the U.S. seized an oil tanker near Venezuela. This action is straining relations with Venezuela…
Browsing: oil
Millions in the U.S. Northeast face steep heating bill hikes this winter due to a 10% tariff on Canadian energy imports. Low-income families are hit hardest, forcing tough trade-offs for essentials. Critics warn the policy prioritizes trade goals over household affordability, highlighting the human cost of protectionist economic measures.
BP is cutting 4,700 jobs and 3,000 contractor roles globally to save $2 billion by 2026, citing declining oil output and weaker refinery margins. The move reflects BP’s push to streamline operations amid financial pressures, balancing immediate performance with long-term sustainability goals in a rapidly changing energy landscape.
EIA Adjusts Downward 2024 World Oil Demand Projection, Ups Output Estimates The latest update from the U.S. Energy Information Administration…
Big Oil’s Deepwater Delight: New Finds Stoke Exploration Enthusiasm” As the oil and gas industry convenes in Houston for its…
SLB’s Profit Rises Thanks to High Demand for International Drilling Services The leading oilfield services giant SLB (formerly Schlumberger) reported…
Oil Market and Japanese Yen React Positively to Reports of Israeli Strikes on Iran The surge in oil and gold…
Novak Announces Q2 Oil Output Cut for Russia to Keep Pace with OPEC+ Members Deputy Prime Minister Alexander Novak announced…
Oil Mergers and Clean Fuels Take Center Stage at Houston Energy Conference Houston is abuzz this week as top oil…
Oil Prices Strengthened by US Inventory Figures, Russian Refinery Assaults On March 14th, in Beijing, oil prices continued their upward…
Oil Prices Hold onto Gains Amid Optimistic China Trade Figures On March 7, oil prices demonstrated stability, maintaining the gains…
OPEC+ Resurgence: Oil Prices Recover Despite China, U.S. Oil prices saw a modest resurgence on Wednesday, staging a recovery after…
Red Sea Risks Impact Oil Market: Prices Hold Steady Amid On February 27, oil markets sustained gains from the prior…
Oil is down as uncertainty over OPEC+ supply cuts and demand growth weigh in. Even though the possibility of supply…
Oil was slightly higher as OPEC+ awaited, and a Black Sea storm disrupted supply. Wednesday saw a little oil price…
After OPEC+ postponed a ministerial meeting, prompting suspicion that producers could cut output less than planned, oil prices fell by…
According to a presentation that Reuters reviewed, an OPEC technical panel requested a well-known financial market dealer to deliver a…
Oil heads for weekly losses as Mideast worries ease and China demand is uncertain. Friday saw no movement in oil…
Oil rises 1% after the Fed keeps rates unchanged. Following the U.S. Federal Reserve’s decision to keep benchmark interest rates,…
After hundreds were murdered in an explosion at a Gaza hospital on Wednesday, tensions in the Middle East increased, raising…
Following a more than $1 decline on Monday, oil prices stabilized Tuesday as Washington increased efforts to stop an escalation…
Asia shares pick up after Fed rate comments; oil dips. Asian stocks increased on Tuesday as bond rates fell, which…
On Thursday, oil prices dropped more than $1, adding to the previous session’s steep losses as an unreliable demand picture…
Oil rises on supply concerns and China’s demand recovery. On Monday, oil prices jumped for a third straight day on…
On Wednesday, oil prices held at a 10-month high as supply fears about Libya production and OPEC+ restrictions were countered…
Oil prices ease, but supply cuts keep Brent above $90/bbl. Fuel demand fell on Monday due to a stronger U.S.…
Oil prices rose Tuesday as markets evaluated August production curbs by main exporters Saudi Arabia and Russia against a dismal…
Oil steady after a surprising drop in U.S. crude stocks balances demand fears. Oil prices held onto most of the…
Oil rises due to Fed hawkishness outweighing Chinese demand concerns. After two consecutive losses, oil prices rallied early on Wednesday…
After China dropped benchmark lending rates less than expected on Tuesday, oil prices fell, raising concerns about oil consumption in…
Oil prices fell on Wednesday as industry data indicated an unexpected growth in U.S. oil stocks, signaling poor demand to…
Oil prices fell on Thursday as concerns about decreasing demand due to the global economic slowdown outweighed Saudi Arabia’s output…
Oil prices fell Wednesday after U.S. stocks and fuel supply tightened, and the Saudi energy minister warned speculators of more…
Oil prices rose on Friday after falling more than 1% as investors became cautiously hopeful about the U.S. debt default…
As U.S. and Chinese economic worries resurfaced, oil prices fell for a fourth week on Friday. By 0635 GMT, Brent…
Shell (SHEL.L) reported a $9.65 billion first-quarter net profit on Thursday, above analysts’ expectations. Fuel trading earnings offset falling oil…
On Thursday, a stronger dollar and rate rise expectations overcame decreased U.S. crude stocks, sending oil prices to their lowest…
Tightening supply lifts oil; IEA demand outlook expected. Oil prices increased on Friday as the market awaited the International Energy…
Two sources stated Abu Dhabi National Oil Co. (ADNOC) would launch its maritime and logistics unit in the coming months,…
A CGT representative said police broke up the Normandy TotalEnergies Gonfreville refinery blockade early Friday morning. Police allowed requisitioned workers…
Oil prices fell sharply on Friday and throughout the week, as traders grew concerned about the potential impact of future…
For the first time since the outbreak, the Federal Reserve is expected to raise its target fed funds rates on…
That’s a lot of zeroes On Thursday, Apple officially became the first American public company to reach $1 trillion in…
OPEC continues to struggle with oil production Several workers were abducted from the Sharara oil field, Libya’s biggest, so authorities…
Remnants of the collapse of Kiel Bros. Oil Co. in 2004 is costing tax-paying Americans. The father of the Vice…
Batista booked Eike Batista, a Brazilian oil and mining mogul, was sentenced to 30 years in prison on Tuesday after…
OPEC meeting filled with ambiguity OPEC nations met on Friday and agreed to increase crude oil production. Head of OPEC…
The US, Saudi Arabia, and Russia may be coming to an agreement Every automobile driver in the US knows that…
Canada creates controversy with their pipeline purchase Canadian Prime Minister Justin Trudeau announced the country will buy a 715-foot oil…
Markets around the world are rising as Florida missed the worst of Irma this weekend, and as North Korea’s founding…
A photo taken at a Best Buy in Houston after Hurricane Harvey shows 12-packs of Smart Water listed for $29.98…
The Organization of Petroleum Exporting Countries’ reduction of crude output has made money managers optimistic about West Texas Intermediate oil…
General Electric continues its descent into the fourth quarter as oil patch difficulties impacted sales and lowered shares in the…
Over the last four month, the rate of the U.S. Dollar was at a slump. But as of now, the…
