Kevin Crowley and David Wethe | (Bloomberg) — Terrel Hardin was at a diner along Route 66 in western Oklahoma when his...
The United States and Saudi Arabia have launched what is being described as a historic deepening of their strategic and economic relationship....
Michigan Attorney General Dana Nessel is pushing back against President Donald Trump’s sweeping executive order declaring a “national energy emergency,” arguing the...
Story by Andreas Exarheas|RigZone.com| Global oil demand in early May indicates tepid year-over-year growth, analysts at J.P. Morgan, including Natasha Kaneva, Head of...
So, you’ve just inherited mineral rights in Oklahoma and you’re thinking about selling. First off, congratulations, that inheritance could be a great...
[Reuters] By Lisa Baertlein and Jarrett Renshaw | U.S. energy groups are asking President Donald Trump’s administration to exempt liquefied natural gas...
By Tsvetana Paraskova for Oilprice.com | The Rockefeller Foundation is launching a Coal to Clean Credit Initiative (CCCI), with which it will...
The global oil market is facing one of its most complex periods in recent memory. OPEC+ is adding more barrels back to...
By Starr Spencer | S&P Global | Chevron, one of the biggest producers in the US’ Permian Basin and with high visibility into...
According to sources cited by Bloomberg, Shell is quietly exploring a potential takeover of rival BP, a merger that could reshape both...
(Reuters) - Oil prices fell more than 2% on Thursday, as investors weighed the potential impact of U.S. President Donald Trump's tariffs on global economic growth.
Brent crude futures settled at $68.64 a barrel, down $1.55, or 2.21%. U.S. West Texas Intermediate crude finished at $66.57 a barrel, down by $1.81, or 2.65%.
On Wednesday, Trump threatened Brazil, Latin America's largest economy, with a punitive 50% tariff on exports to the U.S., pressuring his Brazilian counterpart Luiz Inacio Lula da Silva over Brazil's trial of former President Jair Bolsonaro over charges of plotting a coup to stop Lula from taking office in 2023.
Higher interest rates make borrowing more expensive and can slow demand for oil.
OPEC+ oil producers are set to approve another big output boost for September, as they complete unwinding voluntary production cuts by eight members and the United Arab Emirates' move to a larger quota.
However, OPEC+ indicated it may pause output hikes in October because of a possible peak in oil demand, said Phil Flynn, senior analyst with Price Futures Group.
Two of three major U.S. stock market indexes closed at record levels of Thursday, as investors counted on corporate earnings to prevail over inflation risks and President Trump's tariffs.
The S&P 500 ended roughly 0.3% higher at about 6,280, a fresh record close, according to preliminary data.
The Nasdaq Composite gained about 0.1% to end near 20,630, also a record close.
The Dow Jones Industrial Average added about 0.4%.
Crude oil inventories in the United States increased by 7.1 million barrels during the week ending July 4, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The build brings commercial stockpiles to 426 million barrels, still 8% below the five-year average for this time of year.
Additionally, stocks at the Cushing, Oklahoma, delivery hub decreased by 464 thousand barrels.
Story By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) revealed its...
By a 6–0 vote, the Texas Supreme Court has handed a major victory to...
The U.S. Interior Department has proposed a major rule change that could reshape onshore...
Story By Andreas Exarheas| RigZone.com |Executives from oil and gas firms have revealed where...
Global energy markets are watching a delicate balancing act unfold. Between renewed signals of...
🟢 OPEC+ surprised markets by announcing a larger-than-expected August output hike of...
By Tsvetana Paraskova for Oilprice.com | Equinor and its partners have decided to invest...
(Reuters) -An $88 million satellite backed by billionaire Jeff Bezos that detected oil and...
Energy Exploration Technologies Inc. (EnergyX) has struck a major deal to expand its position...
Have your oil & gas questions answered by industry experts.