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Oil & Gas

Latest Oil & Gas stories from Energy.

Energy

Oil Prices Drop as Markets React to Possible U.S.-Iran Deal Amid Rising Gas Costs

Oil prices have seen a significant decline, while markets are responding positively to reports of potential negotiations between the U.S. and Iran. Gas prices have now surpassed $4.50.

Energy

Surge in Russian Oil Prices Reflects Geopolitical Tensions

Recent reports indicate that Russian oil prices have reached their highest levels since 2014, influenced by ongoing geopolitical dynamics.

Energy

Rio Arriba County Commissioner Opposes Uranium Drilling Efforts

A local commissioner in Rio Arriba County has publicly committed to opposing uranium drilling activities in the area, highlighting concerns over environmental impacts.

Energy

Market Reactions to Trump's Shift in the Strait of Hormuz

Recent changes in U.S. foreign policy regarding the Strait of Hormuz have led to a decline in oil prices while stock markets have experienced gains, reflecting investor optimism about stability.

Energy

Oil Prices Decline as Trump Suspends Military Operations in Strait of Hormuz

In a recent development, President Trump has decided to pause military efforts aimed at escorting commercial vessels through the crucial Strait of Hormuz, leading to a drop in oil prices.

Energy

Eagle Initiates 27,000ft Drilling at Aurora Uranium Project

Eagle is set to begin a significant drilling initiative at the Aurora Uranium Project, as reported by Mining Technology.

Energy

Oil Futures Decline Amid U.S. Policy Shift on Strait of Hormuz

Following President Trump's decision to pause efforts to partially reopen the Strait of Hormuz, oil futures have experienced a notable decline, as reported by MarketWatch.

Energy

Record Decline in Global Oil Reserves Amid Middle East Conflict

As the Middle East conflict continues, global oil reserves have seen a significant drop, nearing an 8-year low just as the summer travel season approaches.

Energy

Wall Street Sees Gains as Oil Prices Decline Amid Ongoing Middle East Tensions

Wall Street opened higher today, showing resilience as oil prices decreased, despite ongoing tensions in the Middle East, as reported by Reuters.

Energy

Oil-Dri Corporation of America Experiences Growth After Strategic Changes

Following a series of strategic transformation efforts, Oil-Dri Corporation of America (ODC) has reported notable growth in its operations.

Energy

Magnolia Oil & Gas Corporation Sees Gains Amid Rising Oil Prices in Q1

In the first quarter, Magnolia Oil & Gas Corporation experienced a boost attributed to the sharp increase in oil prices.

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

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.