News

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 ...
Oil leak off Louisiana coast contained but clean up continues, Coast Guard says
After more than a week of oil shooting vertically out of an unused well off the coast of Louisiana, the U.S. Coast Guard ...
Oil Sinks as OPEC+ Supply Surge Threatens to Swamp Global Market
Oil buckled after OPEC+ agreed to another bumper output increase, bolstering global supplies at a time when demand is ...
Oil tumbles, Taiwan's dollar surges at start of central bank-packed week
Oil prices tumbled over 2% on Monday after oil producing group OPEC+ agreed to accelerate oil production increases, while ...
Why Oil Stocks Plummeted in April
APA Corporation (NASDAQ: APA), and oilfield service provider Halliburton (NYSE: HAL) fell hard in April, down 18.7%, 26.1%, ...
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StanChart Cuts 2025 Oil Price Forecast By $16/bbl Amid Trump’s Tariffs
StanChart has turned bearish on oil, slashing its 2025 forecast by $16 to $61/bbl amid recession fears. Manufacturing is a ...
Profits at American oil giants Exxon Mobil and Chevron fall in tandem with waning energy demand
Chevron also reported its lowest first-quarter profits in years, with per-share adjusted profit falling to $2.18 per share on ...
Stock Market Today: Dow, S&P 500 and Nasdaq set to open lower, oil skids on OPEC+ production and dollar drops
The S&P 500 is headed for its longest winning streak in more than 20 years. That doesn’t mean the worst is over for stocks.