News

Russia Mulls Tightening Budget Rule Over Slumping Oil Prices
Russia is considering changing its key budget-building mechanism in response to sliding oil revenue, in a sign the Kremlin ...
Trump says with lower oil prices, Putin is more eager to settle the Ukraine war
U.S. President Donald Trump said Moscow and Kyiv want to settle the war in Ukraine and that Russian President Vladimir Putin ...
OPEC sends oil prices reeling, but what’s good for Texas drivers may not be for drillers
On Monday, global crude prices sank after OPEC+ agreed over the weekend to surge production for a second month, adding to ...
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 ...
OilPrice.com7h
Big Oil Isn’t Backing Down at $60 Oil
Exxon, Chevron, Shell, and TotalEnergies are sticking to aggressive production growth plans—even as profits decline and oil ...
Egypt's non-oil private sector contracts further in April, PMI shows
Egypt's non-oil private sector economy contracted further in April after a decline in domestic and foreign demand caused new ...
Marketplace10h
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 ...