News

Exxon signals lower oil, gas prices could hit second-quarter profit
Exxon Mobil signaled on Monday that lower oil and gas prices could cut its second-quarter earnings by about $1.5 billion from ...
Exxon Mobil warns lower oil, gas prices could cut profit by over $1B
Benchmark Brent crude prices averaged $66.71 per barrel during the April to June quarter, an 11% decline from the previous ...
WTI crude oil could fall into the 50s, says Pickering Energy's Dan Pickering
CNBC's "Power Lunch" team is joined by with Dan Pickering, founder and CIO of Pickering Energy Partners, to discuss the ...
Summer gas prices are headed even lower, as Saudi Arabia accepts the 'lesser evil' of cheap oil
OPEC+ jolted markets by announcing it would flood the market with more oil.
Oil steadies as tight market supports despite big OPEC+ hike
Oil on Monday shrugged off the impact of OPEC+ hiking output more than expected for August as well as concern about the ...
Oil prices expected to drop below $60 on increasing OPEC+ supply
Wall Street analysts predict oil futures will fall below $60 per barrel by the end of the year as the Organization of the ...
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Oil Markets Are Tighter Than They Look
China’s slowing demand and India’s rise as a refining hub, combined with “missing barrels” and potential new US sanctions, could drive unexpected bullish shifts in oil markets ...
Oil prices fall as OPEC+ ramps up production; U.S. stock futures decline as tariffs to go into effect Aug. 1
U.S. stock-market futures declined as the Trump administration said a broad swath of tariffs against U.S. trade partners ...
After Gasoline, China’s Oil Refiners Face a Jet Fuel Glut
China’s oil refiners are grappling with an oversupply of jet fuel, in yet another blow to the bottom line of a sector already ...
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Oil Prices Expected to Stay Under $70
Analysts and investment banks predict oil prices will remain below $70 per barrel for the rest of 2025 due to market ...