Moneywise and Yahoo Finance LLC may earn commissions or income through links in the content below. As Interior Secretary Doug Burgum described how increasing Venezuelan oil production could help lower gas prices for Americans, President Donald Trump weighed in with a different priority (1): “Forget it: when are they going to make the statue?” The…
May WTI Crude Oil (CLK26) is down -1.62 (-1.60%), and May RBOB Gasoline (RBK26) is down -0.0787 (-2.46%) today. Crude oil and gasoline prices are sharply lower today amid growing optimism that the war in the Middle East is coming to an end. Crude oil prices remained low after EIA weekly crude oil inventories rose…
By Jarrett Renshaw HOUSTON, March 26 (Reuters) – U.S. officials said this week that the historic surge in fuel prices during the war in Iran will be short-term and touted record U.S. production at an industry conference where oil executives and government officials from Asia, the Middle East and Europe lamented the worst disruption to…
March 13 (Reuters) – The International Energy Agency said the closure of the Strait of Hormuz has caused the biggest disruption to global oil markets in history, with supply expected to fall by around 8 million barrels per day in March, or about 8%. The agency’s member countries responded by agreeing to release a record…
With the axiom of “buy low and sell high”, now is the time to buy low! Our economy has excellent fundamentals as oil production is at record levels, while $18 trillion in investment commitments along with 9 better trade deals should lead to a very strong economy by the second half of 2026. From the…
(Bloomberg)– Oil markets are headed for even greater chaos on Monday as the war in Iran unleashes unprecedented disruption: Major producers are curbing production as storage fills and the most important waterway for global energy markets remains virtually closed. Bloomberg’s Most Read The United Arab Emirates and Kuwait have already begun to reduce oil production…
BP PLC (NYSE:PA) is among the The 10 Most Undervalued Stocks to Buy and Hold for 10 Years. On March 5, three Iraqi oil industry sources told Reuters that BP PLC (NYSE:BP) evacuated its foreign staff from Iraq’s giant Rumaila oil field after two unidentified drones landed inside the field. “We are taking all necessary…
Dana Gas has temporarily ceased production at the Khor Mor gas field in the Kurdistan Region of Iraq (KRI) due to security concerns related to the ongoing conflict involving the United States, Israel and Iran. The company notified the Abu Dhabi Stock Exchange (ADX) which coordinated this suspension with the Ministries of Natural Resources and…
Matador Resources Company (NYSE:MTDR) is one of the cheap energy stocks to buy right now. On February 24, Matador Resources reported financial results for 2025, highlighted by a 9% increase in total proven oil and natural gas reserves, reaching 667 million BEP. During the fourth quarter, the company achieved its highest-ever average production of 211,290…
ConocoPhillips (NYSE:COP) is included among The 13 Best Long-Term Low-Risk Stocks to Buy Now. ConocoPhillips (COP) Gets Higher Target on Roth Capital as Cost Cuts Move Ahead On February 5, Roth Capital Partners raised their price target on ConocoPhillips (NYSE:COP) to $112 from $105. He also maintained a Buy rating on the stock. The move…
