BP p.l.c (BP) just did the one thing oil investors didn’t want to see right now.…
Tag: oil
Current price of oil as of May 26, 2026
As of 9:15 a.m. Eastern Time today, oil sold for $100.20 per barrel (using Brent as…
Markets rejoice as deal to reopen Hormuz nears, but US forces conduct ‘self-defense strikes’ on Iran
Stock futures jumped while oil prices and bond yields tumbled Monday evening on reports that a…
Stocks near record high as crude oil drops on Iran: Markets wrap
Global stocks climbed to approach a record high as crude oil fell after officials signaled the…
Russia’s economy is much worse than it seems, and ‘elites are increasingly alarmed’ as GDP contracts
The Swedish government has come up with some drastically different economic figures on Russia that make…
Oil drops as U.S. says deal with Iran and Hormuz reopening is near
Oil dropped as the US and Iran edged toward a deal, although President Donald Trump said…
Alaska’s oil revival sparks a new energy rush Into the Arctic
When John Kurz left Alaska’s North Slope in 2009, he was staring at a grim future…
The more generous U.S. ceasefire terms are, the more suspicious Iran becomes about another attack
Iran’s regime may be wondering if an emerging deal to extend its ceasefire with the U.S.…
UBS sounds alarm on oil price for the rest of 2026
Oil markets have a stubborn habit of teaching the same lesson twice. The first time hurts.…
Ukrainian drone attack causes fire at Russian oil terminal used for exports
A Ukrainian drone attack caused a fire at another Russian oil terminal overnight, local officials in…
As U.S.-Iran deal nears, Trump ally warns against creating perception Tehran controls Hormuz
President Donald Trump announced Saturday that an agreement to reopen the Strait of Hormuz is near,…
The Fed’s worst inflation fears may be coming true as consumers lose faith in long-term prices
On the same day that Kevin Warsh was sworn in as the new Federal Reserve chairman,…
ConocoPhillips CEO sounds alarm on a growing oil problem
Venezuela wants the world’s largest oil companies to help rebuild an industry that once made it…
Current price of oil as of May 22, 2026
At 9 a.m. Eastern Time today, oil was priced at $104.68 per barrel with Brent serving…
Oil near $100 emerges as consensus for next year with Iran war
Oil market participants are increasingly pricing crude to be capped near $100 a barrel over the…
Iran war oil disruption prompts Nigeria producers to lift output
Nigerian oil companies are plowing windfall gains from the Iran-war crude rally into near-term extraction projects,…
Current price of oil as of May 20, 2026
At 9:30 a.m. Eastern Time today, the price of oil sits at $110.34 per barrel, using…
Cooking oil under pressure, but no need to panic buy
Why the Constitutional Court blocked parts of the National Health Act. Solidarity hails major court win…
Warren Buffett's Berkshire trims stake in 147-year-old oil stock
Warren Buffett has spent decades doing one thing better than almost anyone on Wall Street. He…