After roughly two straight years of production cuts to prop up falling prices, the oil cartel’s newest problem is a shrinking market share.
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While the headlines screamed conflict, maneuvers by the US on Monday signaled to markets that the prevailing mood was one of compromise.
With no immediate end in sight, analysts are weighing multiple possibilities that could affect prices down the line.
Canada’s Liberal Party won a majority promising to distance the country from the US, a major importer of Canadian crude.
US energy executives have a lot on their plate at the moment, with tariffs, sanctions, war, and a “drill, baby, drill” agenda.
President Donald Trump used the first hours of his second term in office Monday to make the emergency declaration.
With the way things are going today, it’s becoming increasingly hard to figure out what’s going on with the oil market.
A spill of new data Wednesday sent oil futures slipping and sliding in opposite directions. So is Big Oil’s tank is half-full or half-empty?
With Trump expected to chase increased oil exports and more drilling in the US, OPEC+’s fear of losing market share looms larger than ever.
The global oil cartel announced it would be extending its ongoing production cuts through the first few months of next year.
Saudi Arabia’s Mammoth Public Investment Fund Turns Inward Just As One of the Country’s Top Allies Reclaims the White House.
Shell managed to overturn a Dutch legal order made in 2021 that had mandated the company cut its emissions 45% from 2019 levels by 2030.
Last week the Big Oil companies weighed in with their earnings reports, and it was mostly a pretty sorry assembly.
Oil giants Chevron and BP made moves to refine their business, drilling down on core segments that crude demand assures will be worth it.
Fossil fuel producers and OPEC have rained on the IEA’s parade, offering wildly different projections for future energy demand.
Saudi Arabia, the biggest and most influential member of OPEC, is abandoning its goal of driving the price of an oil barrel up to $100.