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Oil & Gas

Latest Oil & Gas stories from Energy.

Energy

S&P 500 Gains from Tech Earnings and Lower Oil Prices

The S&P 500 index rises, buoyed by strong earnings from major tech firms, positive corporate profit reports, and a notable decline in oil prices.

Energy

Oil Prices Decline Amid Ongoing Middle East Tensions Involving Iran

Current fluctuations in oil prices are being driven by traders' reactions to the escalating tensions in the Middle East, particularly concerning Iran's recent actions.

Energy

Rising Oil Prices Begin to Affect Auto Service Shops Nationwide

As oil prices climb, auto service shops across the nation are starting to experience increased operational costs, which may lead to higher prices for consumers.

Energy

Chevron's CEO Warns of Looming Oil Supply Shortages

Chevron's CEO has issued a warning about potential oil supply shortages, which could disrupt the market amid increasing demand and ongoing supply chain issues.

Energy

Oil Prices Update for March 30, 2026

As of March 30, 2026, the latest updates on oil prices have been released, reflecting ongoing trends in the energy market.

Energy

Fire Erupts at Fujairah Oil Facility Following Drone Attack from Iran

A drone attack from Iran has ignited a fire at a significant oil facility in Fujairah, UAE, as regional tensions escalate. The UAE military reported intercepting three Iranian missiles during the incident.

Energy

Debate on European Tax for Oil Superprofits Intensifies Amid Middle East Conflict

The ongoing conflict in the Middle East has sparked renewed discussions on implementing a European tax targeting multinationals profiting from rising oil prices, emphasizing the need for these companies to contribute fairly.

Energy

OPEC's Diminishing Influence Signals Increased Oil Market Volatility

As OPEC's control over the global oil market weakens, analysts predict that this shift will lead to heightened volatility in oil prices.

Energy

Trump Announces US Humanitarian Effort to Aid Stranded Ships in Strait of Hormuz

President Trump has declared that the U.S. will initiate a humanitarian operation on Monday to assist ships stranded in the Strait of Hormuz amid ongoing discussions with Iran.

Energy

Oil Prices Remain Steady Amid Ongoing Geopolitical Tensions

Despite attempts to stabilize the situation, oil prices have not changed, reflecting persistent geopolitical uncertainties.

Energy

Asian Markets Show Modest Gains as Oil Prices Hold Steady Amid Ongoing Tensions

Asian stock markets experienced slight increases today, while oil prices remained stable in the face of continued geopolitical uncertainty in the Middle East.

Energy

Oil Change Pricing Sparks Debate: Fair Deal or Long-Term Overcharge?

A woman's recent experience with an $80 oil change raises questions about pricing practices in the automotive service industry, particularly for synthetic oil.

Energy

Market Update: Declining Oil Prices and Rising Stock Futures

Recent market trends indicate a decrease in oil prices, while stock futures show a slight increase, according to The New York Times.

Energy

OPEC+ Increases Oil Production Amid Surplus Concerns

In a recent move, OPEC+ has decided to raise oil production levels, a decision that may reflect the complexities of current market dynamics despite ongoing surplus worries.

Energy

The Case for Preserving Venezuela's Vast Oil Reserves

Venezuela possesses the largest known crude oil reserves globally. While there are calls for extraction, there are compelling reasons to consider leaving these resources untapped.

Energy

Trump Greenlights New Oil Pipeline Project Between Canada and the U.S.

The recent approval by Trump for a new oil pipeline connecting Canada and the U.S. is poised to impact North American energy infrastructure significantly.

Energy

Texas Faces Significant Oil Theft Challenges in the Permian Basin

The Permian Basin in Texas is experiencing a troubling trend, with nearly a billion dollars worth of oil lost annually to theft, highlighting vulnerabilities in remote operations.

Energy

Oil Markets Confront Potential Crisis Amid Storage Concerns and Geopolitical Tensions

As oil markets grapple with looming shortages, the West is preparing for possible storage issues, while delays in Iranian oil production could further complicate the situation.

Energy

Concerns Rise Over Venezuela's New Mining Law and Its Impact on the Amazon

Venezuela's recent mining legislation has sparked fears about the potential harm to the Amazon rainforest, a vital ecosystem for global health.

Energy

OPEC+ Increases Oil Production Amid Strait of Hormuz Tensions

In a move that appears largely symbolic, OPEC+ has announced a slight increase in oil production while the Strait of Hormuz faces a critical closure, raising concerns in the market.