News

Higher OPEC+ output, tariff uncertainty raising oil price volatility, EIA says
Perceptions of oversupply among oil market participants from increasing OPEC+ output and uncertainty about the economic ...
Oil well spews thousands of gallons into Louisiana marsh, clean up underway: See aftermath
An oil leak caused by an over 8-year-old-well spewed into a Louisiana marshland for a week. Responders are now beginning the ...
A top CEO declared the U.S. oil industry has ‘peaked’
We’re a little over 100 days into this new administration and, ‘Good Lord.' There’s been a tremendous amount of volatility ...
Devon Energy misses first-quarter profit estimates on lower oil prices
Devon Energy missed first-quarter profit estimates on Tuesday, hit by lower oil prices. Average Brent crude futures fell on ...
Why are oil prices falling? And what does it mean for Long Islanders?
Lower fuel costs could create savings for consumers, but economic threats posed by tariffs still a concern, a local economist ...
U.S. oil production has peaked and will start to decline due to price plunge, Diamondback CEO warns
U.S. crude oil prices rose more than 4% to $59.56 per barrel Tuesday as domestic production is expected to decline.
The drop in oil prices will only provide a ‘minimal’ boost to the economy – Pantheon
Lower WTI crude prices below $60 bring mixed impacts: consumer savings vs. energy sector losses. Explore how this shift ...
Oil Tumbles After OPEC+ Agrees on Another Large Supply Hike
Prices plunged after OPEC and its allies agreed to increase output again, despite weak prices and an uncertain demand outlook ...
The heart of the US oil boom is slowing
Oil fields are just as quick to make fortunes as break them. The 1901 Spindletop gusher in Texas jumpstarted the petroleum ...
Shell And BP: Merger Could Create Mega-Size Oil Company
Shell's potential BP p.l.c. merger plans are aimed at boosting scale, capturing synergies, and strengthening its position.
Home heating oil and fuel prices drop to 2021 levels
The price of home heating oil and fuel in Northern Ireland is at its lowest level since 2021, and the advice is to buy now – ...
Marketplace23h
Crude oil is cheaper than it's been in four years. It may be too cheap for the oil industry.
Oil is cheaper than it has been since early 2021, when the price of a barrel of crude was still recovering from its pandemic ...