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Oil rises as demand hopes and economic data lift sentiment
Oil prices rose in early trade on Thursday, reversing the previous session's losses, buoyed by stronger-than-expected economic data from the world’s top oil consumers and signs of easing trade tensions.
On This Day: BP caps Deepwater Horizon oil spill after 3 months
BP announced it had capped its crippled underwater well that sent millions of barrels of crude gushing into the Gulf of Mexico for three months.
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Shale Sputters as Oil Slides Into Profit Danger Zone
U.S. shale drillers are reducing activity as falling crude oil prices and rising costs push profitability into a danger zone, impacting the industry outlook.
India confident of meeting oil needs despite potential sanctions on Russian imports, minister says
India is confident of meeting its oil needs from alternative sources if Russian supplies are hit by secondary sanctions, oil minister Hardeep Singh Puri said on Thursday.
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Global Oil Consumption Reaches All-Time High
Statistical Review highlights the US's continued leadership in oil production and consumption, global demand reaching new highs, and significant shifts in energy trends.
Black Oil And Green Energy In Mega Bill Will Boost Oil But Cost U.S.
This policy will lead to more expensive electricity in the U.S. and a serious delay in the race against China for AI dominance.
Federal agency wants to open 122,500 acres of SLO County land to oil drilling
The plan would offer 122,546 acres of San Luis Obispo County lands to oil and gas leasing, according to the Los Padres ForestWatch, a nonprofit that advocates for the conservation of public lands. Some of those parcels are located near schools, including Los Osos Middle School, the nonprofit said.
Obsidian Energy Announces Non-Binding Offer for Common Share Position in InPlay Oil Corp.
OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy" or the "Company") announced today that a third party has made a non-binding offer to Obsidian Energy to acquire the Company's entire common share position in InPlay Oil Corp.
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The Oil Boom No One Wants to Talk About
Several major oil-producing countries—including the UAE, Iraq, Saudi Arabia, Brazil, and Guyana—are expanding production despite global net-zero goals.
Oil prices slip as investors weigh trade war impact
Oil prices fell by about 1% on Wednesday as signs of stronger Chinese crude consumption were outweighed by investor caution about the wider economic impact from U.S. tariffs.
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