Oil and Gas Prices
News
April 24, 2025
Texas shale-oil company Matador Resources Co. plans to drop one of its nine drilling rigs by the middle of the year in response to plunging crude prices. Matador is the first significant shale company to announce it’s cutting back on drilling since crude futures began nosediving earlier this month.
News
April 23, 2025
Oil prices may decline further this year as new production swells and demand remains capped by China’s faltering growth, the head of the International Energy Agency said. Crude futures remain nearly 9% below levels traded before U.S. President Donald Trump's tariffs announcements.
News
April 23, 2025
OPEC+’s audacious bid to punish its oil-quota cheats prompted a renewed plunge in crude on Wednesday, amid growing tensions with Kazakhstan. Kazakhstan Energy Minister Erlan Akkenzhenov appeared on Wednesday to reject pressure to bring output in line with OPEC+'s quota.
News
April 22, 2025
Oil rose as the potential for the U.S. to curtail Iranian flows added to a rebound driven by broader markets. Crude slumped earlier this month on concern that tensions between the U.S. and its trading partners will hurt economic growth and oil consumption.
News
April 22, 2025
Halliburton fell sharply after warning investors that tariffs will impact a wide swath of the company’s business units. Halliburton is the first major company in the U.S. oil industry to disclose a specific financial impact from the global trade war.
News
April 18, 2025
Oil rose slightly at the end of the week after the Trump administration ratcheted up pressure on Iran’s energy exports, while talks between the U.S. and a handful of key trade partners stirred optimism that agreements on trade can be reached.
News
April 17, 2025
Liberty Energy Inc., one of the biggest U.S. fracing companies, expects most producers to stick with their production plans as long as crude prices can hang on near current levels. Denver-based Liberty's shares are down about 20% since Trump announced tariffs earlier this month.
News
April 16, 2025
Shale fracing major Liberty Energy Inc., formerly run by U.S. Energy Secretary Chris Wright, posted its worst earnings in three years amid plunging oil prices and mounting concerns about energy demand.
News
April 16, 2025
bp Plc’s major strategy reset is less than two months old, but the foundations of the company’s pivot back to oil are already starting to look shaky as Brent crude prices fell below $70 per barrel last week -- a level bp has said is crucial for meeting its targets.
News
April 14, 2025
OPEC cut forecasts for global oil demand growth slightly this year and next as President Donald Trump’s tariff onslaught takes a toll on consumption, while remaining more bullish than other forecasters.
News
April 11, 2025
The number of U.S. rigs drilling for crude fell by nine to 480 this week, the biggest drop since June 2023. Domestic oil prices have been hovering around the low $60s-a-barrel, below levels that energy executives have said they need to make new drilling profitable.
News
April 09, 2025
The plunge in oil prices over the past week was more severe than the market’s dynamics justify, and the drop may be short-lived, according to Canadian energy executives gathered in Toronto. “What we learned from Covid is that energy demand is pretty resilient,” said one executive.
News
April 09, 2025
The market rout sparked by President Donald Trump’s trade war is touching almost every part of the economy. But there are probably few industries feeling more aggrieved right now than U.S. shale oil.
News
April 08, 2025
The sudden plunge in oil prices begs the question, what if WTI prices go as low as $50 per barrel? At that level, U.S. Lower 48 onshore crude oil production could decline by more than 1 million bpd over 12 months, according to S&P Global Commodity Insights.
News
April 04, 2025
Key OPEC+ nations reiterated the need for members to stick to oil output quotas. The OPEC+ alliance stunned oil traders last week by announcing it would accelerate plans to revive halted supplies next month, with an increase triple the size originally scheduled.
News
April 03, 2025
In a conference Thursday, OPEC+ was expected to simply remind errant members to respect output limits, ahead of confirming its existing plan to gradually raise production. Instead, they delivered a major shock — increasing supply by three times the planned amount in May in what delegates described as a deliberate effort to drive down prices.
News
March 20, 2025
Oil executives pressed for faster permitting — and didn’t discuss concerns about falling crude prices — during a meeting with U.S. President Donald Trump on Wednesday, Interior Secretary Doug Burgum said.
News
March 07, 2025
Oil’s one-day advance wasn’t enough to rescue prices from a seventh straight weekly decline as the prospect of a temporary truce in Ukraine capped on-again, off-again tariff news that upended global markets.
News
March 05, 2025
The cost of Oman crude on the Gulf Mercantile Exchange slipped below Brent on Tuesday for the first time since late 2024, according to data compiled by Bloomberg. That marks the end of the Middle Eastern grade’s longest run of premiums over the global benchmark since 2023.
News
March 04, 2025
BP Plc’s strategy reset isn’t even a week old, but it’s already showing some vulnerabilities. Two of the company’s most important pledges to investors require Brent above $70. The international benchmark is likely to fall below that crucial threshold, according to Bloomberg.
News
March 03, 2025
OPEC+ will proceed with plans to revive halted oil production after repeated delays, amid pressure from President Donald Trump to lower oil prices. The group led by Saudi Arabia and Russia will go ahead with the increase of 138,000 bpd in April, a delegate said.
