The plunge in oil prices over the past week was more severe than the market’s dynamics justify, and the drop may be short-lived, according to Canadian energy executives gathered in Toronto. “What we learned from Covid is that energy demand is pretty resilient,” said one executive. SourceContinue Reading

The market rout sparked by President Donald Trump’s trade war is touching almost every part of the economy. But there are probably few industries feeling more aggrieved right now than U.S. shale oil. SourceContinue Reading

Saudi Aramco Makes 14 New Discoveries as Oil Prices Bite | OilPrice.com Tom Kool Tom majored in International Business at Amsterdam’s Higher School of Economics, he is Oilprice.com’s Head of Operations More Info Related News By Tom Kool – Apr 09, 2025, 11:30 AM CDT Saudi Aramco, the Kingdom’s giant national oil company, on Wednesday,...Continue Reading

Data Center Boom Sparks Utility Spending—But How Real Is the Demand? | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Premium Content By Tsvetana Paraskova – Apr 09, 2025, 11:00 AM CDT U.S. utilities are raising capital...Continue Reading

Aramco and Sinopec to Expand Petrochemicals Plant in Saudi Arabia | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Apr 09, 2025, 10:30 AM CDT Saudi oil giant Aramco and China’s...Continue Reading

Venezuela Puts Military on Alert Over Alleged ExxonMobil Plot | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Apr 09, 2025, 10:00 AM CDT Venezuela’s armed forces were placed on high alert over the weekend as Caracas accused foreign actors of plotting a false flag attack...Continue Reading

Crude oil inventories in the United States saw an increase of 2.6 million barrels during the week ending April 4, according to new data from the U.S. Energy Information Administration released on Wednesday. Crude oil prices were trading sharply down prior to the crude data release by the U.S. Energy Information Administration, continuing their slide...Continue Reading

Chevron Expands Triple-Frac to Half of Its Permian Wells | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Apr 09, 2025, 9:30 AM CDT Chevron will boost the so-called triple fracs — fracturing three wells with one frac spread at one time — to more than...Continue Reading

Brent Crashes Below $60 as U.S.-China Tariff War Escalates | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Apr 09, 2025, 7:44 AM CDT Oil prices plunged early on Wednesday as China retaliated to the U.S. tariff of 104% on Chinese goods, and Brent Crude sank...Continue Reading

February 1, 2025President Donald Trump signs Executive Order 14195, imposing a 10% tariff on all Chinese imports, effective February 4. February 10, 2025China responds with a 15% tariff on U.S. coal and LNG and a 10% tariff on U.S. oil and machinery and places multiple U.S. firms on its Unreliable Entity List. March 4, 2025U.S....Continue Reading