What Happens When Oil and Gas Wells Die? West Virginia Has a New Plan for That
A privately financed fund aims to retire 20,000 wells at no cost to taxpayers.
Trump says Modi assured him India will stop Russian oil purchases, but timeline unclear
"[Modi] assured me today that they will not be buying oil from Russia," Trump said. However, the U.S. president also said that the halt will not be immediate.
Pres. Trump: India assured me they will not be buying oil from Russia
CNBC's Eamon Javers joins 'Closing Bell Overtime' to talk recent comments from the president on India and Venezuela.
Iraq pledges to end $4 billion gas imports from Iran by 2028 as it races to diversify beyond oil
Baghdad has signed deals with foreign investors to capture gas that is now flared, worth $4 billion to $5 billion a year. Oil production releases large volumes of gas that are typically burned off, a process also known as flaring.
Crude Oil Price Outlook – Crude Oil Drops on Tuesday
The Tuesday session opened with a lot of negative pressure, and it now looks like the market is going to see more of a “fade the rallies” type of behavior. At this point in time, the market continues to price in oversupply and a potentially slowing global economy.
Non-OPEC oil supply to start declining at $60 per barrel, TotalEnergies CEO says
Oil production from producers outside of the Organisation of Petroleum Exporting Countries (OPEC) will start to decline if oil prices fall to $60 per barrel, TotalEnergies CEO Patrick Pouyanne said on Tuesday.
Natural Gas and Oil Forecast: Bearish Bias Deepens Amid OPEC+ Output Growth Concerns
Oil and gas prices fall as OPEC+ output growth and easing risk premiums weigh on sentiment, keeping market outlook bearish.
Oil and Natural Gas Analysis: Trade Optimism Lifts Prices Amid Bearish Technicals
Oil and natural gas remain volatile, with crude oil rebounding on trade summit hopes while bearish technical patterns and geopolitical uncertainty continue to pressure prices across energy markets.
US oil futures backwardation narrows to 20-month low on mounting fears of a glut
Front-month U.S. crude oil futures ended Monday's trading at their smallest premium since January 2024 over the seventh-month contract, as OPEC+ ramps up supply while seasonal refinery maintenance in the U.S. pressures demand for prompt barrels.
Oil Price News: Why Energy Is ‘Cheap for a Reason' After Crude Hit $62
WTI tumbled 4% as speculative shorts strengthened and the oil-gold ratio hit pandemic lows, signaling more downside ahead of the IEA report.
OPEC Sticks to Oil Demand Forecast But Flags Fiscal Concerns, Lingering Trade Uncertainty
The Organization of the Petroleum Exporting Countries pointed to high debt levels in key economies and tariff uncertainty as areas of concern.
Big Oil forced to confront some tough choices as 'monster profits' fade into memory
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