News

Oil prices rise 3% on support from US-China trade hopes
Oil prices rose around 3% on Thursday, buoyed by hopes of a breakthrough in looming trade talks between the U.S. and China, ...
Saudi oil giant Aramco announces first-quarter profits of $26 billion, down 4% from a year earlier
Saudi Arabia’s state-owned oil giant Aramco posted first-quarter profits of $26 billion, down 4% from the prior year.
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 ...
A top exec says America's oil industry is at a 'tipping point' and US production is set to drop
The CEO of Diamondback Energy said in a letter to shareholders that falling oil prices will lead to a decline in US ...
Oil Prices Fall as OPEC Increases Supply Despite Fears of an Economic Slowdown
U.S. oil prices fell to $57 a barrel after the OPEC Plus cartel said this weekend that it would pump more oil.
How Tariffs and OPEC+, Oddly Enough, Are Driving Down the Price of Oil
When US President Donald Trump was inaugurated to his second term as president on Jan. 20, oil prices were close to the highs ...
As the oil industry freezes up, ConocoPhillips CEO warns against cutting production too fast: ‘Don’t whipsaw this thing too hard right now’
The ultimate depth and duration of this current price environment remains unclear,” said ConocoPhillips chairman and CEO Ryan ...
WUFT4d
Why oil prices are falling, and what it means for the economy
Between tariffs roiling the global economy and OPEC putting more barrels on the market, prices have dropped significantly ...
Trump Has Opened the Door to a New Saudi Oil-Price War
Markets should prepare for a sharp downturn in the oil price, analysts with a satellite oil-tracking firm write in a guest ...