global oil prices

The Latest

  • Two More U.S. States Join $5 Per Gallon Club As Oil Prices Continue To Rise
    Gas Prices
    Michigan and Indiana joined a growing number of U.S. states with average gas prices of over $5 per gallon for regular fuel.
  • Deloitte Expects Over $300 Billion In Losses For US Shale Industry
    US Shale Industry
    Deloitte forecasts in its study that the US shale industry could stand to lose more than $300 billion, resulting in a wave of bankruptcies and deep consolidations.
  • BP Expects Continued Low Global Oil Prices, Writes Off $17.5 Billion In Assets
    BP Forecasts
    BP expects oil prices to continue to decline through to 2050 as the world's transitions to low-emission fuel sources and energy systems.
  • Exxon To Cut 30 Percent Off Spending Amid Global Oil Price Crisis
    Exxon Mobil
    After holding off on imposing spending cuts, Exxon has finally given in and announced that it will cut spending by $10 billion this year.
  • Trump Threatens To Impose Oil Import Tariffs To Protect Energy Firms And Workers
    Donald Trump
    Trump stated that he might be forced to implement tariffs on all oil imports to protect US energy companies and workers.
  • OPEC Meeting Postponed As Saudi-Russia Dispute Continues
    OPEC Meeting
    The virtual meeting, which was scheduled to take place on Monday this week, will reportedly be moved to Saturday, April 9.
  • US Pressures Saudi Arabia To Reduce Oil Production To Stabilize Market
    Global Oil Industry
    The Trump administration has called on Saudi Arabia to reconsider its plan of increasing its production to 12.3 million barrels a day next month.
  • Occidental Petroleum To Cut Spending, Reaches Deal With Carl Icahn
    Occidental Petroleum Corp
    After reaching an agreement with activist investor Carl Icahn, Occidental Petroleum announced a new round of cost-cutting measures that will include pay cuts and reduced capital spending.
  • Saudi Aramco Refuses To Postpone IPO Despite Supply Concerns
    Saudi Arabia energy minister
    Saudi Aramco is not allowing the weekend’s attacks to stop its plans for to go public.
  • OPEC Downgrades Global Oil Demand Amid Economic Concerns
    Global oil industry
    OPEC members have downgraded its forecast on global oil demand as uncertainties in the economy loom.
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