Tag: Oil prices
Crude Prices Move Higher on a Smaller-Than-Expected OPEC+ Production Hike
November WTI crude oil (CLX25) on Monday closed up +0.81 (+1.33%), and November RBOB gasoline (RBX25)...
Crude Traders Split on Whether the Glut Has Arrived
Predictions of an oil glut have dominated oil market reporting for months. Bloomberg this week...
Warren Buffett Just Give Occidental Petroleum a HUGE $10 Billion Boost. Should You Buy OXY Stock Here?
Occidental Petroleum (OXY) has officially sealed its biggest divestment yet, selling its chemical unit OxyChem...
Trump’s economic plans called for more oil drilling and lower gas prices. He’s only getting the latter.
As President Trump began his second term, he proclaimed in his inauguration speech that America...
Supermajors Slim Down to Protect Shareholder Payouts
The world’s biggest international oil and gas firms are accelerating layoffs this year in search...
Oil gains on Ukraine drone attacks cutting Russian supply
By Erwin Seba HOUSTON (Reuters) -Oil prices rose on Friday as Ukraine's drone attacks...
U.S. Shale Costs to Soar to $95 per Barrel Within a Decade
The era of falling breakeven costs in the U.S. shale patch may soon come to...
Oil dips as Iraq exports rise amid demand concerns
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices settled marginally lower on Monday as concerns...
Oil prices slip as robust supply outweighs Fed cut
By Erwin Seba HOUSTON (Reuters) -Oil prices dropped on Friday as worries about large...
American Oil Majors Expand as Smaller Producers Retreat Amid Price Pressures
Previously, we reported that U.S. oil production has maintained its upward trajectory in the current...
Oil settles higher as investors assess attacks on Russian energy facilities
By Georgina McCartney HOUSTON (Reuters) - Oil prices settled higher Monday as investors assessed...
Oil gains weighed down by US demand worries
By Erwin Seba (Reuters) - Oil prices rose on Friday after a Ukrainian drone...