Read the latest news articles relating to the oil and gas industry.
A pump jack operates near a gas turbine power plant in the Permian Basin oil field outside of Odessa, Texas, U.S. February 18, 2025. Eli Hartman | Reuters U.S. oil prices have dropped to th... Read more
Warm and hot conditions are believed to destroy quantum effects. However, for the first time, a team of researchers has shown that quantum states can exist even at high temperatures. They cr... Read more
The oil price outlook is being hit with more bearish forecasts on the back of U.S. President Donald Trump’s sweeping and market-hammering tariff announcements. Markets were therefore s... Read more
WASHINGTON, D.C. — Following a rigorous competitive selection process, the Department of Energy (DOE) today announced that Strategic Storage Partners, LLC has secured a $1.4 billion contract... Read more
The OPEC+ alliance will increase supply by three times the planned amount in May in what delegates described as a deliberate effort to drive down prices to punish the group’s cheats. C... Read more
British oil major BP on Friday said its chair Helge Lund will step down, likely in 2026, kickstarting a succession process. BP CEO Murray Auchincloss, who took the helm on a permanent basis... Read more
Updated Fri, Apr 4 20252:28 AM EDT ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email This is CNBC’s live blog covering European... Read more
imaginima/Getty Images US oil prices tanked more than 7.5% on Thursday. Trump’s tariffs are battering energy markets as recession fears climb. A surprise decision by OPEC+ to boost oil... Read more
The Trump administration’s new tariffs will likely mean higher prices for household staples like coffee, toilet paper and bananas. The U.S. climate limits the domestic production of so... Read more
Now that President Donald Trump has set out his landmark tariff plans, the Federal Reserve finds itself in a potential policy box. The central bank is tasked with full employment and low pri... Read more