25 h. ago Shale Driller Diamondback Trims Output, Says US Oil Has Peaked

Diamondback Energy Inc., the largest independent oil producer in the Permian Basin, is trimming its crude production guidance amid sinking oil prices brought on by President Donald Trump’s trade war and looming OPEC supply increases.

Other

28 h. ago Dropping Oil Price Boosts Odds of Ukraine Peace Deal, Trump Says

President Donald Trump said the sliding price of oil is intensifying pressure on Russia and boosting the odds for a deal to end its war in Ukraine.

Economics

4 d. ago Asian shares rise as China says it’s considering US overtures on Trump’s tariffs

HONG KONG (AP) — Asian markets advanced Friday after China’s Commerce Ministry said Beijing is evaluating overtures from the U.S. regarding President Donald Trump’s tariffs. Futures and oil prices advanced. Hong Kong’s Hang Seng surged 1.7% to 22,493.96, while markets in Shanghai were closed for a public holiday. Taiwan’s benchmark jumped 2.2%. An unnamed Chinese […]

Economics

5 d. ago Trump threatens sanctions on countries, individuals that buy Iranian oil

Trump's social media threat came after planned nuclear negotiations for this coming weekend between the U.S. and Iran were postponed.

Events

5 d. ago Venezuela Pleads for China to Buy Oil as Trump Kicks Chevron Out

Venezuelan Vice President Delcy Rodríguez asked Chinese officials to step up oil purchases during a visit to Beijing last week, as the nation seeks to preempt the US-ordered exit of Chevron Corp. and other foreign energy operators next month.

Other

5 d. ago Varcoe: 'Turn us loose' says Suncor Energy CEO, as 38 oilpatch leaders sign new letter to Carney

With the federal election in the rear-view mirror, Canadian oil and gas leaders are looking to find common ground with the Liberal government as the sector seeks to get projects built — and the new prime minister prepares to sit down with U.S. President Donald Trump. On Wednesday, leaders of 38 oil and gas companies […]

Politics

5 d. ago Russia Triples 2025 Deficit Target With Less Energy Income Seen

The Russian Finance Ministry more than tripled its budget deficit target for this year after expectations for revenue and the price of oil were reduced amid US President Donald Trump’s tariffs.

Other

8 d. ago Trump’s Desire for Cheap Crude Puts Big Oil’s Plans to the Test

Big Oil has a powerful ally in the White House, but the first quarter of Donald Trump’s presidency was a real test for companies’ plans. The rest of the year could be even tougher.

Other

1 week ago Oil Pushes Higher as Trump Signals No Intention to Ax Powell

Oil extended gains as President Donald Trump said he had no intention of firing Federal Reserve Chair Jerome Powell, while an industry report pointed to a large decline in US crude stockpiles.

Other

2 w. ago Oil Climbs After Plunging Monday on Trump’s Criticism of Powell

Oil edged higher after tumbling Monday following US President Donald Trump’s escalating criticism of Federal Reserve Chair Jerome Powell, which rattled global markets.

Other

2 w. ago Trump Energy Boss’s Company Plunging 40% Is a Warning for US Oil Production

Energy Secretary Chris Wright says Donald Trump’s administration is giving the “green light” to more US oil production, but the signal from the fracking company he used to run is flashing bright red.

Economics

3 w. ago OPEC Cuts Oil Demand Forecast for 2025 and 2026 on Trade War

OPEC cut forecasts for global oil demand growth slightly this year and next as President Donald Trump’s tariff onslaught takes a toll on consumption, while remaining more bullish than other forecasters.

Economics

3 w. ago Trump’s Energy Secretary Says Average Oil Prices Will Be Lower

Energy prices are set to be lower under the current US administration than in the prior one, according to US Energy Secretary Chris Wright.

Politics

3 w. ago Hedge Funds Reversed Oil Bets at Record Pace After Trump Tariffs

Hedge funds reversed their position on oil at the fastest pace on record as US President Donald Trump imposed tariffs against major trade partners, threatening to cripple global energy demand.

Economics

3 w. ago Trump’s Energy Secretary Says Fear Over Oil Prices Misplaced

US Energy Secretary Chris Wright said the selloff in the oil market is overblown, and he expects American crude produces to keep increasing production.

Politics

3 w. ago Trump Signs Order to Protect Big Oil From State Emissions Fines

US President Donald Trump is ordering the Justice Department to take legal action against states that impose fines on fossil fuel companies for their greenhouse gas emissions.

Society

3 w. ago Texas Wildcatters Grow Impatient With Trump as Oil Prices Tank

The angry mutterings at the Permian Basin Petroleum Association’s “Spring Swing” golf tournament this week weren’t all about missed putts or lost balls. The Texas oilmen on the fairways had a more serious concern: The president they helped elect was tanking oil prices.

Economics

4 w. ago Oil Boss Says Trump Administration Better Have a Plan Amid Rout

A top executive at Diamondback Energy Inc. called on President Donald Trump’s administration to explain how the global trade war will help shale producers, a rare instance of public pushback from a US oil boss.

Politics