Occidental Petroleum Abandons New Oil Hedges Amid Iranian Conflict
In light of increasing price volatility linked to the ongoing conflict in Iran, Occidental Petroleum has opted to discontinue its new oil hedging strategy.
Alaska Tax Board's Decision Raises Trans-Alaska Pipeline Value by $3 Billion
The Alaska tax board's recent ruling has increased the value of the trans-Alaska pipeline by $3 billion, presenting a significant challenge for oil companies operating in the region.
Evaluating ONGC's Investment Viability Amid Oil Price Fluctuations
This editorial examines ONGC's potential as an investment option in the context of recent geopolitical events that have influenced oil prices.
Ukraine's Drone Operations Target Russian Oil Facilities, Impacting Global Crude Prices
As Ukraine escalates its drone attacks on Russian oil infrastructure, crude oil prices are experiencing fluctuations, reflecting the ongoing conflict's broader implications.
Oil Prices Projected to Decline in Coming Years, According to Futures Markets
Futures markets indicate a potential decrease in oil prices over the medium to long term, as reported by Marketplace.org.
Oil Prices Experience Largest Monthly Decline in Six Years, Easing Consumer Burden
The recent sharp drop in oil prices marks the largest monthly decline in six years, providing some much-needed relief to consumers dealing with increasing expenses.
Oil Price Forecasts Adjusted Amid Slow Energy Recovery
In light of a sluggish recovery in energy flows, analysts are once again revising their forecasts for oil prices.
Oil Prices Plummet 20% Amid U.S.-Iran Ceasefire Optimism
A notable decline in oil prices has been observed, dropping 20% from their 2026 peak, as market sentiment shifts positively towards potential U.S.-Iran ceasefire negotiations.
Surge in Oil Prices Linked to Recent US Military Actions Against Iran
Following recent military actions by the United States against Iran, oil prices have experienced a notable increase, reflecting market reactions to geopolitical tensions.
U.S. Military Action in Iran Raises Oil Supply Concerns
Recent U.S. strikes on Iranian oil facilities have led to a significant surge in crude oil prices, heightening tensions in the Middle East.
Small business owners impacted by East LA oil spill
Local entrepreneurs face challenges following the environmental disaster.
Cleanup continues after broken pipe sends oil from East LA into LA River and toward Port of Long Beach
Efforts are ongoing to address the oil spill caused by a broken pipe in East LA, impacting the LA River and threatening the Port of Long Beach.
Exploring Growth and Dividend Potential in the Oil Sector
A recent analysis highlights the promising growth and dividend opportunities within the oil sector, suggesting a favorable outlook for oil stocks.
New Oil Pipeline to Bypass Hormuz Expected by 2027
A new oil pipeline, designed to enhance transport efficiency and reduce reliance on the Strait of Hormuz, is set to be operational by 2027.
U.S. Exports Rare SPR Oil Cargo to Asia Amid Hormuz Tensions
As tensions rise in the Hormuz Strait, the U.S. has made a notable move by exporting a rare cargo from its Strategic Petroleum Reserve to Asia, affecting global oil prices.
BOJ Governor Discusses Rising Oil Prices and Inflation Challenges
The Governor of the Bank of Japan highlights the potential impact of increasing oil prices on inflation dynamics during a recent address.
Albert Manifold Removed as BP Chair Amid Bullying Allegations
BP has dismissed chair Albert Manifold following allegations of bullying, with his management style reportedly perceived as aggressive by colleagues.
Surge in US Vegetable Oil Demand Fuels Price Increases
Recent data indicates a notable rise in vegetable oil prices, attributed to increased purchasing by the US market, with analysts forecasting ongoing fluctuations.
Solis Minerals to Begin Drilling in Brazil for Lithium in June
Solis Minerals has confirmed that it will commence drilling operations at its lithium targets in Brazil starting in June. This marks a significant step for the company in its exploration efforts.
Analysts Predict Prolonged High Oil Prices
Experts suggest that crude oil prices may remain elevated, potentially exceeding $100 per barrel for an extended period. This forecast raises concerns about the future of energy markets.