The government is under increasing pressure from its backbenchers to reverse winter fuel cuts amid warnings that even a U-turn would not go far enough to restore trust with voters. There is talk that senior government officials are reconsidering government’s earlier decision to restrict winter fuel payments to pensioners who qualify for income-related benefits, which would block...Continue Reading

ADNOC Poised to Win EU Approval for $16.6 Billion Covestro Takeover | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – May 06, 2025, 1:30 PM CDT Abu Dhabi’s state oil giant ADNOC...Continue Reading

The OPEC price war has made landfall in the US. Following our report earlier that Saudi Arabia has declared a new price war on OPEC+ quota-busters such as Kazakhstan, and non OPEC+ members such as US shale producers, today after the close Diamondback Energy, the largest independent oil producer in the Permian Basin, made a historic pronouncement...Continue Reading

Ford Shares Slide After Net Income Plunge | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – May 06, 2025, 12:00 PM CDT Ford Motor’s first-quarter net income plunged to $471 million from $1.3 billion a year earlier, as EV losses and production halts...Continue Reading

President Donald Trump announced the U.S. will stop bombing Yemen’s Houthi rebels, saying the group indicated it would end attacks on ships in the Red Sea. “They just don’t want to fight,” Trump said, claiming the Iran-backed rebels had “capitulated” — though the Houthis have made no public statement to that effect. Trump declined to...Continue Reading

Marathon Petroleum Sinks to Q1 Loss Amid Low Refining Margins | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 06, 2025, 11:30 AM CDT Marathon Petroleum (NYSE: MPC), the biggest U.S. refiner by volumes, on Tuesday reported a loss for the first quarter as weak...Continue Reading

Rolling Blackouts Hit Tehran as Iran’s Power Crisis Continues | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – May 06, 2025, 11:00 AM CDT Unexpected rolling blackouts...Continue Reading

Oil Prices Bounce Back From OPEC+ Bombshell | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Premium Content By Michael Kern – May 06, 2025, 10:03 AM CDT Oil prices rallied aggressively on Tuesday morning, recovering from the OPEC+-induced drop that was sparked by the cartel’s decision...Continue Reading

Oil Prices Surge as Market Shrugs Off OPEC Quota Shock | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – May 06, 2025, 9:54 AM CDT Oil prices staged a robust comeback on...Continue Reading

Higher Demand and Rates Push Duke Energy Q1 Profit Above Estimates | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 06, 2025, 9:30 AM CDT U.S. utility giant Duke Energy (NYSE: DUK) reported on Tuesday consensus-beating earnings for the first quarter as higher rates and...Continue Reading