Natural Gas and Oil Forecast: OPEC+ Output Cuts and Sanctions Fuel Market Uncertainty
Oil prices rise 2% on supply cuts and fresh sanctions. WTI and Brent forecast shows key resistance ahead amid growing geopolitical uncertainty.
Oil set for weekly gain on Iran sanctions, OPEC+ plan to rein in overproduction
Oil prices rose in early Asian trading on Friday, and were set for their second consecutive weekly gains, after fresh U.S. sanctions on Iran and a new OPEC+ plan for seven members to cut output raised bets on tightening supply.
Oil Rises Amid Geopolitical Tensions That Boost Risk of Supply Disruptions
Oil rose in the early morning Asian session amid geopolitical tensions that boosted the risk of supply disruptions.
Crude Oil Price Forecast: Breaks Higher, Weekly Chart Signals More Upside
Oil prices climb above trendline resistance, signaling a possible reversal, with the next targets at $69.87 and $70.61 if momentum holds.
Greenpeace Vows to Appeal After Losing in Oil-Pipeline Lawsuit
A North Dakota jury ordered the environmental group to pay pipeline company Energy Transfer nearly $700 million in damages in the yearslong pipeline lawsuit. Photo: Brendan Smialowski/AFP/Getty Images
Trump's gas price target of $1.87 per gallon would 'really hammer' oil development: Energy Fellow
The energy sector (^GSPE) has outperformed the broader market (^GSPC) year to date from optimism around US President Donald Trump's second term. University of Houston energy fellow Ed Hirs tells Brad Smith and Madison Mills that Trump's 'drill, baby, drill' rhetoric is not only unlikely to come to fruition but would also likely be harmful to the US oil industry if it did.
OPEC+ issues new plan for oil cuts to compensate for overproduction
OPEC+ on Thursday issued a new schedule for seven member nations including Russia, Kazakhstan and Iraq to make further oil output cuts to compensate for pumping above agreed levels.
Energy Secretary Chris Wright: It's going to be easier to produce oil and gas in the U.S.
U.S. Energy Secretary Chris Wright discusses President Trump's meeting with top U.S. oil executives and the Trump administration's plans to boost domestic energy production.
Crude Oil Price Outlook – Crude Oil Continues to Bounce in a Range
The crude oil market continues to see a lot of back and forth trading, as we are definitely in a range. At this point, the market is trying to affirm the idea of a massive support level just below where we are at the moment.
Energy Secretary Chris Wright says Trump push to produce more oil is driving down prices
Energy Secretary Chris Wright told CNBC that oil prices have fallen as the market discounts President Donald Trump's push to increase production. But Trump's tariffs and a decision by OPEC+ to increase production starting in April is weighing on crude oil futures.
'ENERGY OF THE FUTURE': Top oil exec warns US risks falling behind China in key area
American Petroleum Institute President and CEO Mike Sommers goes inside President Donald Trump's meeting with top oil executives, the need for U.S. energy dominance and the AI race with China. #FOXBusiness
Oil prices struggle for direction after finding support on fall in fuel inventories
Oil futures were showing minor gains early Thursday, struggling to establish direction after getting a lift the previous session from data showing a fall in fuel inventories.
