The CEO of Diamondback Energy said in a letter to shareholders that falling oil prices will lead to a decline in US ...

Oil dropped over 2% on Thursday as a potential U.S.-Iran nuclear deal raised the prospect of increased global crude supply, ...

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell 4.49 million barrels in ...

Diamondback projects onshore oil rigs across the US industry will drop by almost 10% by the end ... wrote that American output is “at a tipping point.” Meanwhile, the US cut its forecast ...

Crude oil prices capped their worst monthly drop since November 2021 as fears over a global economic downturn and demand shock as a result of tariffs come as the supply of oil is about to surge.

President Donald Trump did not hide his disappointment with the gift he received from the UAE -- a small amount of UAE's ...

The broader picture still points to growing supply ... And if the global economy slows further, oil demand could drop even more sharply—a scenario Goldman Sachs says could drive Brent prices ...

HONG KONG (AP) — Oil prices fell Monday after the OPEC+ group ... Trump has made delivering lower gas prices one of his talking points. “Washington wants cheap energy, and Gulf producers ...

That is why when analysts and experts write about the kingdom’s finances, they often use a term called the “break-even oil point” - the level Saudi Arabia would need oil to be at to neither ...

(Reuters) -Shares of Australia's Qantas Airways rose over 5% on Monday to a one-month high, tracking a drop in oil prices after OPEC+ signaled faster output hikes. Oil prices fell over $2 a barrel ...

Wholesale inflation as measured by the producer price index fell by 0.4% in March and declined for the first time in 17 months, helped by a sharp drop in oil prices.