Read the latest news articles relating to the oil and gas industry.
The decision by OPEC+ to increase oil production will cast a “bearish shadow” over oil prices for the next two years, creating a level of uncertainty not seen since the pandemic... Read more
Oil futures rebounded slightly after a sell-off this week pushed prices to four-month lows. The sell-off came after eight OPEC+ members announced plans to increase production starting in Oct... Read more
Oil prices have defied the announcement of extended supply cuts from the OPEC+ alliance with brisk declines. Oil prices bowed below $80 barrels per day despite this prospect of market tightn... Read more
(This is CNBC Pro’s live coverage of Wednesday’s analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) A gas stock and an e-commerc... Read more
LAS VEGAS (KLAS) — U.S. Air Force officials confirmed that they are investigating a viral social media video that appeared to show a captain speeding down a residential Las Vegas street in a... Read more
General Motors CEO Mary Barra stood firm on the automaker’s strategy to transition to electric vehicles even as some shareholders questioned market demand for the vehicles during GM... Read more
U.S. crude prices fell for the fifth straight day Tuesday, but we remain committed to our lone oil-and-gas stock in Coterra Energy . West Texas Intermediate has been moving lower since its e... Read more
On today’s episode of the Morning Brief, co-hosts Madison Mills and Brad Smith explore the AI chip race, Roaring Kitty’s potential E-Trade ban, and trending tickers. The show the... Read more
The detailed plan laid out by OPEC+ over the weekend to increase oil production delivered a “bearish surprise” to a market where prices were already under downward pressure, acco... Read more
U.S. crude oil has erased most gains for the year and is now up just under 2% in 2024. In a surprise move, eight OPEC+ producers laid out a plan to phase out 2.2 million bpd in production cu... Read more