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Oil giants slash jobs and projects as crude plunges below $66

Oil giants slash jobs and projects as crude plunges below $66

Oil producers are in panic mode. Chevron, BP, ConocoPhillips, Aramco, and Petronas have started slashing jobs, cancelling drilling projects, and of...
Trump’s top oil donors are now directly influencing U.S. energy policy

Trump’s top oil donors are now directly influencing U.S. energy policy

Oil billionaire Harold Hamm was spotted celebrating with Donald Trump at Mar-a-Lago as the 2024 election results rolled in, according to reporting ...
OPEC+ agrees to raise output next month as focus shifts to market share

OPEC+ agrees to raise output next month as focus shifts to market share

OPEC is going for volume again. Delegates from the alliance confirmed they’ve agreed in principle to increase production next month. The plan is to...
FTSE 100 Index forecast as the UK Gilt market implodes

FTSE 100 Index forecast as the UK Gilt market implodes

The FTSE 100 Index continued its downtrend in the past few days, moving from the year-to-date high of £9,358 to a low of £9,160. This crash may con...
Chevron Stock Breakout: UBS Sees $197 Target After Iraq Move

Chevron Stock Breakout: UBS Sees $197 Target After Iraq Move

Chevron stock has been getting a lot of attention right now, and UBS just upgraded their price target…
Mitsubishi exits Japanese offshore wind projects citing soaring costs

Mitsubishi exits Japanese offshore wind projects citing soaring costs

Mitsubishi Corp announced Wednesday it will pull out of three Japanese offshore wind power projects, citing soaring costs, a move that undermines J...
Gas prices in Ohio, Michigan, and Wisconsin jumped up to 27 cents

Gas prices in Ohio, Michigan, and Wisconsin jumped up to 27 cents

Gas prices just jumped across the Midwest after the Whiting refinery in Indiana, the largest inland crude facility in the U.S., shut down key units...
Saudi Aramco’s profit dropped as lower oil prices slashed revenue

Saudi Aramco’s profit dropped as lower oil prices slashed revenue

Saudi Aramco’s profits have plunged in Q2 as lower oil prices dragged down company's revenue and stunted its growth.
Shell outperforms forecasts on Q2 earnings despite year-over-year profit slump

Shell outperforms forecasts on Q2 earnings despite year-over-year profit slump

Shell outperformed Wall Street targets for the second quarter of 2025, but the company’s actual earnings still fell sharply compared to a year ago....
TotalEnergies warns of oversupply risk as oil prices rise again

TotalEnergies warns of oversupply risk as oil prices rise again

TotalEnergies has warned that global oil markets are tipping into excess supply, as Opec+ increases production while demand keeps weakening. The al...