oil prices

What to Expect From Thursday’s OPEC Ministers Meeting

When oil ministers from OPEC oil producers begin their meeting on Thursday, analysts and traders will be looking for an extension of the cartel's current production cuts, or even better, ...
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OPEC Maintains Forecasts as Crude Prices Remain Subdued

The Organization of the Petroleum Exporting Countries (OPEC) saw the price of its reference basket of crude oil components fall by 3.9% in October to $59.91 a barrel, following a ...
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Why California Gas Prices Are 50% Higher Than National Average

U.S. gasoline prices have not moved much in the past month. At $2.63, the average price of a gallon of regular nationwide is four cents lower than a month ago. ...
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National Gas Prices Continue Their Slow Slide

The national average price of gasoline has declined for the second straight week, posting a drop of 0.7 cents over the last week to $2.63 per gallon, according to industry ...
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Why Halliburton Is Booming Despite Q3 Results

Halliburton Co. (NYSE: HAL) released its third-quarter financial results before the markets opened on Monday. The firm said that it had $0.34 in earnings per share (EPS) and $5.55 billion ...
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US Gas Prices Slide for Second Consecutive Week

The national average price for a gallon of regular gasoline slipped by 1.9 cents per gallon last week to reach $2.64, according to industry analysts at GasBuddy. That price remains ...
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Oil & Gas Industry Deteriorating on Low Prices, Idle Rigs: Dallas Fed Survey

In its third-quarter survey on the oil and gas industry, the Federal Reserve Bank of Dallas reported Wednesday that energy sector growth declined sharply. The bank's business activity index dropped ...
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US Keeps 645 Million Barrels of Oil Buried Under Ground for Emergencies

America’s Strategic Petroleum Reserve is the largest supply of emergency oil in the world. After drawing down several million barrels in two of the past four months, the amount has ...
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High Oil Prices Could Tip Global Economy Into Recession

Many European nations have gross domestic product (GDP) growth rates that are the worst since the Great Recession. The region's largest economy, Germany, already may have tipped into negative growth. ...
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10 Unbelievable Oil and Gas Movers After Saudi Drone Attack

Crude oil prices spiked by around 20% over the weekend following the drone attack on Saudi Arabia's Abqaiq crude processing plant. It could have been worse. High global crude oil ...
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Very Mixed Reactions to Saudi-Attack Oil Price Spike in Transportation Stocks

The weekend attacks on Saudi Arabia's oil production and infrastructure have created major moves in the markets. After all, Saudi Arabia has close to 10% of global production, and roughly ...
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Odds of $100 Oil Surge

Is it unimaginable that oil prices could reach $100 a barrel? No. Crude prices reached that point just over a decade ago. Drone attacks on Saudi oil fields pushed the ...
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Get Ready for $2 Gas

The summer of 2019 is starting to look like the summer of 2016. That year, gasoline prices started below $2 a gallon in winter. They rallied slightly into the summer ...
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Oil Demand Hit by Trade War

The gold standard of oil price and demand forecasts is the International Energy Agency's oil markets report. In the one just issued, its experts commented that the trade war has ...
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Driven by Chaos in Oil World, Gas Prices Begin to March Higher

Just in time for the long July 4th holiday weekend, U.S. gasoline prices are once again on the rise. By Independence Day, industry analysts at GasBuddy expect the national average ...
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