News

Higher Oil Prices Mean Less GDP
Although the U.S. is a net oil exporter, higher oil prices could increase inflation and lower economic growth.
S&P 500 and Nasdaq: Tech Stocks Drop—Nvidia, Apple Down; Oil Powers Exxon Higher
US stocks slide today on Middle East tensions. S&P 500 and Nasdaq dip as Nvidia, Visa fall; oil stocks like Exxon and ...
US Energy Secretary Says Oil Output Drop in 2026 ‘Unlikely’
US Energy Secretary Chris Wright said it’s “unlikely” the country’s oil production will drop next year, contrary to the ...
EIA forecasts drop in U.S. oil production as drilling slows due to lower prices
US crude oil production likely will fall over the next 18 months as producers cut back on drilling activity in response to ...
Uncertainty means oil won't drop below $70 on a sustained basis for now, says Commerzbank
Following Israel's attack on Iran, aimed at taking out its nuclear capabilities, both West Texas Intermediate and Brent crude prices surged above $70 a barrel on Friday. That $70 level will likely ...
Exclusive: Nigeria's $5 billion oil-backed loan from Aramco delayed by oil price drop, say sources
Nigeria and Saudi Arabian oil company Aramco are struggling to reach an agreement on a record $5 billion oil-backed loan ...