The Trump administration aims to slash Iran's oil exports to a trickle, Treasury Secretary Scott Bessent said The goal of President Donald Trump's maximum pressure campaign is to tank Iran's economy, Bessent said.
Baytex looks capable of generating US$277 million in free cash flow in 2025 at the current $66 to $67 WTI oil strip. It has no note maturities until 2030, so relatively low oil prices during the next year or two aren't much of a concern. It may be able to reduce its debt to US$1.475 billion by the end of 2025 while covering its dividend and reducing its share count by 5%.
The crude oil market attempted to break higher in the early hours on Thursday, as traders are busy looking for the overall global economy to slow down. Remember, while the season for higher demand is coming, there are concerns about recession.
Oil futures rebound but remain under pressure as rising U.S. inventories and OPEC+ output hikes cloud the crude oil outlook. Can demand recover?
Oil futures were little changed early Thursday, attempting to find their footing after ending the previous session at six-month lows.
BP's under-fire chief executive was awarded no bonus from the company's financial performance last year as his overall pay declined, the company said Thursday in its annual report.
Oil and gas company Canadian Natural Resources on Thursday posted a fall in fourth-quarter profit as weaker commodity prices overshadowed a rise in production.
WTI and Brent crude struggle amid weak demand and rising supply. Can OPEC+ production shifts stabilize oil prices?
WTI crude challenges the long-term support zone and appears poised for a sharp decline, while natural gas prices show strength and look set for further upside.
'Fast Money' traders talk impact of falling dollar and oil on the broader markets and economy.
Crude oil futures tumbled to trade near their lowest levels in years on Wednesday as jitters about U.S. tariffs and a surprising production hike from OPEC+ rattled commodities markets.
The crude oil market continues to look very soft, as we are now looking to break below the overall three year range.