Equinor Sells Stake in Brazil's Peregrino Oil Field for $3.5 Billion
Equinor's Brazilian subsidiary has signed an agreement to sell its interest in the Peregrino field to Prio Tigris, a unit of PRIO SA, Brazil's largest independent oil-and-gas firm, the company said Friday.
Oil Edges Lower Amid Supply Concerns Ahead of Next Week's OPEC+ Meeting
Oil edged lower in the early morning Asian session amid supply concerns ahead of OPEC+ meeting on Monday.
Trump says any country that buys oil from Iran will not be allowed to do business with U.S.
Trump says any country that buys oil from Iran will not be allowed to do business with U.S.
How the U.S. Oil Industry Has Taken a Beating Under Trump, in Charts
The president's pledge to usher in an era of American energy dominance collides with his policies.
Oil Falls as U.S. Economic Data Fuels Demand Concerns
Oil prices fell, with Brent crude down to $60 a barrel as concerns over weakening demand intensified after the latest data showed the U.S. economy contracted in 1Q for the first time since 2022.
Oil prices take breather after selloff on supply worries
Oil prices edged higher on Thursday, steadying slightly after sharp losses on the previous day driven by signs Saudi Arabia could produce more, and as the U.S. economy contracted in the first quarter.
Saudi Arabia signals it can live with lower oil prices, sources say
Saudi Arabian officials are briefing allies and industry experts to say the kingdom is unwilling to prop up the oil market with further supply cuts and can handle a prolonged period of low prices, five sources with knowledge of the talks said.
Crude Oil Price Forecast – Crude Drops Again on Wednesday
During the Wednesday session, we saw both grades of crude oil that I follow. FX Empire test the lower part of the recent range.
Natural Gas and Oil Forecast: Prices Slide 15% Amid Recession and Supply Fears
Natural gas and oil prices plunge over 15% in April as rising inventories and recession fears trigger sharp selloffs across global energy markets.
Cenovus: Despite Lower Expected Oil Prices, Excellent Growth Potential With Reasonable Debt
The company expects to increase its production at a 4.40% CAGR between 2024 and 2028. Cenovus has a reasonable debt level. In 2024, it reported a 47.35% liabilities-to-assets ratio. The first DCF model suggests that the company is undervalued by 81.71%, while the pessimistic DCF valuation indicates that CVE is overvalued by 19.63%.
BP earnings and buyback smaller than expected after oil prices retreat
BP PLC's (LSE:BP.) first-quarter underlying profits came in well below forecasts, with higher debt and a smaller share buyback than expected.
Oil Declines Amid Concerns Over U.S.-China Trade Conflict
Oil declined. “Recent developments in U.S. trade policy as well as the escalating tit-for-tat between U.S.-China on the trade front do not bode well for global growth,” OCBC said.
