News

Marketplace2d
Crude oil is cheaper than it's been in four years. It may be too cheap for the oil industry.
Oil is cheaper than it has been since early 2021, when the price of a barrel of crude was still recovering from its pandemic ...
A top exec says America's oil industry is at a 'tipping point' and US production is set to drop
The CEO of Diamondback Energy said in a letter to shareholders that falling oil prices will lead to a decline in US ...
OilPrice.com20h
EIA Shows US Crude Oil Inventories Continue To Slide
Crude oil inventories in the United States saw a decrease of 2 million barrels during the week ending May 2, according to new ...
Oil ends at four-year lows as OPEC+ accelerates output hikes
Oil fell by more than $1 a barrel on Monday to settle at over four-year lows as an OPEC+ decision to expedite its output ...
As oil and gas development potentially increases, dangerous incidents sometimes happen
Michigan has 14,000 regulated oil and gas facilities, and serious incidents are rare. But when they do happen, they can be ...
Oil Prices Fall as OPEC Increases Supply Despite Fears of an Economic Slowdown
U.S. oil prices fell to $57 a barrel after the OPEC Plus cartel said this weekend that it would pump more oil.
US Cut Forecast for Oil Output Before Crude’s Latest Plunge
The US cut its forecast for domestic crude production this year even before oil’s latest plunge below $60 a barrel prompted ...
US Gulf oil output could rise to 2.4 million barrels per day, industry leaders say
Oil output from the U.S. Gulf of Mexico can continue growing despite market uncertainty created by the most geopolitical ...
Hays Post1d
News from the Oil Patch: Crude prices dip to four year lows
Kansas crude prices also drop to four-year lows. Kansas Common crude at CHS in McPherson starts the week at $48.50 per barrel ...
OilPrice.com1d
Crude Stockpiles Drop as Oil Prices Rebound
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell 4.49 million barrels in ...
Oil prices have crashed to 4-year lows. That means cheaper gas for Americans hitting the roads this summer.
Gas prices in the US are averaging about $3.12 per gallon, and could drop below $3 this summer as oil trades at the lowest ...