By Irina Slav for Oilprice.com | In January, China’s National Energy Administration said it was eyeing stable oil production of over 200 million tons...
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By Irina Slav for Oilprice.com | Oil prices have been on the mend this week after taking a dive following President Trump’s...
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By Tsvetana Paraskova for Oilprice.com | The average price of India’s crude oil imports fell to below $70 per barrel this month,...
Over the past two decades, the U.S. shale revolution has dramatically transformed the global energy landscape. Advancements in hydraulic fracturing and horizontal...
(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%.
by Andreas Exarheas | RigZone.com |In a release sent to Rigzone this week, Enverus announced...
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...
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By Tsvetana Paraskova for Oilprice.com | Equinor and its partners have decided to invest...
🟢 OPEC+ surprised markets by announcing a larger-than-expected August output hike of...
(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...
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