According to authorities, the move will protect over 200,000 jobs and boost the country’s energy independence. It’s expected that the first of the new licenses will be issued thi... Read more

UN chief Antonio Guterres announced Thursday, that record-shattering July temperatures show Earth has passed from a warming phase into an “era of global boiling.” Ocean heat upta... Read more

Oil futures rose early Monday, with both Brent and West Texas Intermediate crude on track for big monthly advances following strong economic data. Price action West Texas Intermediate crude... Read more

WHPics/iStock via Getty Images Introduction Devon Energy (NYSE:DVN) has underperformed much of its peer group since November of last year in terms of share price. As of today’s market... Read more

Saudi Arabia’s economy slowed in the second quarter, as crude output cuts and a drop in oil prices reined in one of the fastest growing nations of the G20. Riyadh’s GDP expanded... Read more

RonFullHD/iStock via Getty Images For August, I am raising my July forecast for West Texas Intermediate (WTI) oil by $5 per barrel to range between $70 and $90 per barrel. The voluntary OPEC... Read more

EGT Ecopetrol S.A. (NYSE:EC) is a buy based on a discounted cash flow analysis with assumptions such as sustaining its current financial results, a discount rate of 8 %, and a terminal multi... Read more

RonFullHD After seeing significant energy price increases from 2021 to early 2022, the market has been in a prolonged calm period over the past year. Crude oil and gasoline prices fell drama... Read more

Mananya Kaewthawee/iStock via Getty Images On July 27, before the market opened, Bristol-Myers Squibb (NYSE:BMY) released its Q2 2023 financial results, which, while failing to beat analysts... Read more

Oil futures pulled back from three-month highs Friday, but still posted a fifth straight weekly gain, lifted by fading fears of a global economic slowdown as supply cuts by major producers t... Read more