The U.S. is producing record amounts of oil — and putting profits at risk
U.S. oil prices have dropped more than 15% so far this year to levels that could threaten the ability of smaller producers to earn a profit. And that's even before factoring in forecasts that could see the biggest global supply surplus on record next year.
Trump Pledged to Refill National Oil Stockpiles ‘Right to the Top.' He Is in No Rush.
The Trump administration has limited options to refill the Strategic Petroleum Reserves.
Natural Gas and Oil Forecast: Brent Hovers at $64 While OPEC Output Plans Cloud Outlook
WTI and Brent oil prices consolidate near key Fibonacci zones as geopolitical tensions and a firm dollar limit gains; traders eye upcoming OPEC updates.
Saudi Aramco profit dips as oil prices languish and OPEC+ reins in supply plans
Saudi Aramco has reported a quarterly profit of $26.9 billon, slightly below last year's figure, as weak oil prices continue to weigh on the world's largest energy exporter. The result, which narrowly beat analysts' forecasts, highlights the pressure facing producers as concerns over oversupply keep global crude benchmarks near multi-year lows.
Saudi Aramco's Net Profit Rises on Higher Production, Oil Prices
Third-quarter profit rose compared with the prior three-month period but declined on year as oil prices remained under pressure.
‘Champagne bottles had stopped popping.' Why OPEC+ is making a move to ease an expected global oil glut.
Major oil producers have little reason to celebrate with crude prices down by more than 10% so far this year and market forecasts for the biggest global supply surplus on record.
BP CEO expects non-OPEC+ oil supply growth could decline by April
Oil supply growth outside OPEC+ could decline by April, while demand remains robust, BP's Chief Executive Murray Auchincloss said on Monday.
Natural Gas and Oil Forecast: Market Awaits OPEC Decision Amid Rising Bullish Pressure
Natural gas climbs above $4.10 as tighter supply boosts sentiment, while oil consolidates near key resistance ahead of the OPEC+ output decision.
Oil extends gains after OPEC+ pauses Q1 output hikes
Oil prices climbed in early Asian trade on Monday after OPEC+ decided to hold off production hikes in the first quarter of next year, easing rising fears of a supply glut.
Oil Rises as OPEC+ Signals Output-Increase Pause
Oil rose after OPEC and its allies agreed to boost oil production by 137,000 barrels a day in December, but said they wouldn't increase production in first three months of 2026 due to seasonality.
OPEC and Allies Agree to Boost Oil Production, Then Pause
The move caps a dramatic month in oil markets, riven by concerns of a supply glut and uncertainty over sanctions on Russian producers.
OPEC+ agrees to small December oil output hike, and Q1 pause
Eight OPEC+ countries on Sunday agreed to raise oil output in December by 137,000 barrels per day and then to pause the output hikes for the first quarter of 2026, OPEC+ said in a statement.
