Energy
Energy Articles
24/7 Insights Aramco has just raised $11.2 billion through a stock offering. The new Aramco money will be used for several purposes. Most Americans have never heard of Aramco (aka Saudi Arabian Oil...
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The short answer is that it already has. Shortly after the Russian invasion of Ukraine began on February 22, 2022, the price of Brent crude soared by over 50%. Since that high point, a combination of...
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Oil prices rose by $3 a barrel in the immediate aftermath of the Hamas attacks on Israel on October 7, 2023. The outbreak of the conflict prompted fears that oil prices could soar if the war...
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Last fall, Exxon Mobil Corporation (NYSE: XOM) made a monumental move, announcing its acquisition of oil shale titan Pioneer Natural Resources (NYSE: PXD) for a staggering $59.5 billion in an...
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Today, there is concern that Iran could attack Israel, which would escalate the already tense situation in the Middle East. Iran is the world’s seventh-largest oil-producing nation. Any...
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Since topping out at $120 in the summer of 2022, the major oil benchmarks had traded down every month until bottoming at the beginning of December that year. The decline from the top in June of 2022...
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The price of crude oil has risen from $71 at the start of 2024 to above $82. For several reasons, it is likely to move higher. Experts, including those at J.P. Morgan, expect oil to reach $100 this...
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Gasoline prices have started another significant increase. At $3.53 per gallon nationwide, they are above the prices last week, a month ago, and a year ago. The same holds for Premium, which has...
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The average price of a gallon of regular gas has dropped to just above $3. It has dropped below that level in more than half of US states. A year ago, the figure was close to $3.50. Gas prices in...
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If tensions in the Middle East rise, and the Suez Canal loses most of its traffic because of risk to shipping due to attacks by Houthi rebels, oil prices will rise. The question is, by how much? The...
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Chevron and Exxon Mobil have both announced a few billion dollars in impairment charges for 2023. How big a deal is this, really?
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A recent forecast suggests that gasoline prices in America will be lower in the coming year, although the drop will not be uniform.
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After over two years of high gasoline prices, they have fallen 12 weeks in a row and are now at their lowest price this year.
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Most experts believe that oil use will continue to rise to the end of the decade, so Exxon’s prospects are bright for the next several years.
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As gasoline prices continue to decline nationwide, the average price per gallon in one Louisiana town is a mere two dollars.
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