US President Donald Trump’s tariffs on Canadian and Mexican imports threaten to disrupt North America’s tightly integrated oil market and push up gasoline prices for American motorists. Trump on ...

It bulked up its position in that low-cost, oil-rich region in 2021 by acquiring Concho Resources and Shell's assets in the area. With average costs of about $40 per barrel and many of its ...

Donald Trump’s first speech as the 47th President of the United States featured various slogans that he employed during his presidential campaign, and among them was “Drill, baby, drill”, indicating ...

Jan 22 (Reuters) - Citi on Wednesday raised its oil price outlook for 2025 due to ... Citi expects Brent crude to average $67 a barrel in 2025, up from a previous forecast of $62.

Artificial intelligence has suddenly made electricity a hot commodity. No wonder major oil companies want a piece of it.

NEW YORK (Reuters) - Oil prices fell on Tuesday after U.S. President ... Brent crude futures settled down 86 cents, or 1.1%, at $79.29 per barrel. U.S. West Texas Intermediate crude futures ...

Oil ends lower, with U.S. prices failing to hold above $80 a barrel Israel-Hamas cease-fire deal hits a snag Last Updated: Jan. 16, 2025 at 4:37 p.m. ET First Published: Jan. 16, 2025 at 7:06 a.m. ET ...

US drivers could get some relief at the pump ... crude oil prices amid a widening gap between oil supply and demand. The EIA forecasts Brent crude will fall 8% to an average of $74 per barrel ...

Rodela Romero, the Department of Energy’s Oil Industry Management Bureau assistant director, projected late last week that pump prices would go up as well this week due to global factors.

Prices could touch $90 a barrel if the decline in Russian output coincides with a reduction in Iranian production, the bank said. U.S. President Joe Biden imposed the broadest package of sanctions so ...

In recent developments, oil prices in 2025 have experienced a significant increase. It has reached $79 per barrel, marking a substantial five-month high due to unprecedented U.S. sanctions on Russia.