News

Why are oil prices falling? And what does it mean for Long Islanders?
Lower fuel costs could create savings for consumers, but economic threats posed by tariffs still a concern, a local economist ...
As the oil industry freezes up, ConocoPhillips CEO warns against cutting production too fast: ‘Don’t whipsaw this thing too hard right now’
The ultimate depth and duration of this current price environment remains unclear,” said ConocoPhillips chairman and CEO Ryan ...
Oil climbs 2% as price drop triggers buying; oversupply worries weigh
Oil gained more than $1 per barrel on Tuesday, rebounding on technical factors and bargain hunting after a decision by OPEC+ ...
'This oil price doesn't work': Diamondback CEO says US shale production has peaked
The head of the largest independent oil producer in the Permian Basin predicts US shale production has peaked and will likely ...
How Tariffs and OPEC+, Oddly Enough, Are Driving Down the Price of Oil
When US President Donald Trump was inaugurated to his second term as president on Jan. 20, oil prices were close to the highs ...
Oil Prices Are Falling. Here’s Where That Could Spell Trouble.
A price drop benefits any country seeking to cut its fuel bill. But in oil producing nations, lower prices can feed economic ...
WABE1d
Why oil prices are falling, and what it means for the economy
Here's a breakdown of the forces that are buffeting oil prices, and what it means for individuals and the economy.
Aker BP CEO Says Projects Competitive Even as Oil Prices Slide
Aker BP Chief Executive Officer Karl Johnny Hersvik said the company’s portfolio of projects aimed at driving production ...
Oil Prices Fall as OPEC Increases Supply Despite Fears of an Economic Slowdown
U.S. oil prices fell to $57 a barrel after the OPEC Plus cartel said this weekend that it would pump more oil.
Trump Has Opened the Door to a New Saudi Oil-Price War
Markets should prepare for a sharp downturn in the oil price, analysts with a satellite oil-tracking firm write in a guest ...