global oil prices
The Latest
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Two More U.S. States Join $5 Per Gallon Club As Oil Prices Continue To Rise
Michigan and Indiana joined a growing number of U.S. states with average gas prices of over $5 per gallon for regular fuel. 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
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. 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 expects oil prices to continue to decline through to 2050 as the world's transitions to low-emission fuel sources and energy systems. 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
After holding off on imposing spending cuts, Exxon has finally given in and announced that it will cut spending by $10 billion this year. 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
Trump stated that he might be forced to implement tariffs on all oil imports to protect US energy companies and workers. 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
The virtual meeting, which was scheduled to take place on Monday this week, will reportedly be moved to Saturday, April 9. 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
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. 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
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. 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 Aramco is not allowing the weekend’s attacks to stop its plans for to go public. 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
OPEC members have downgraded its forecast on global oil demand as uncertainties in the economy loom. OPEC members have downgraded its forecast on global oil demand as uncertainties in the economy loom.