Latest Oil & Gas stories from Energy.
In response to rising market volatility driven by the ongoing conflict in Iran, Occidental Petroleum has decided to cease new oil hedging strategies.
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.
Recent reports indicate that Russian oil prices have reached their highest levels since 2014, influenced by ongoing geopolitical dynamics.
A local commissioner in Rio Arriba County has publicly committed to opposing uranium drilling activities in the area, highlighting concerns over environmental impacts.
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.
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.
Eagle is set to begin a significant drilling initiative at the Aurora Uranium Project, as reported by Mining Technology.
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.
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.
Wall Street opened higher today, showing resilience as oil prices decreased, despite ongoing tensions in the Middle East, as reported by Reuters.
Following a series of strategic transformation efforts, Oil-Dri Corporation of America (ODC) has reported notable growth in its operations.
In the first quarter, Magnolia Oil & Gas Corporation experienced a boost attributed to the sharp increase in 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.
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.
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.
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.
As of March 30, 2026, the latest updates on oil prices have been released, reflecting ongoing trends in the energy market.
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.
As OPEC's control over the global oil market weakens, analysts predict that this shift will lead to heightened volatility in oil prices.
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.