crude oil

Oil Prices Hit 6-Year High Amid OPEC Discord
The Economy

Oil Prices Hit 6-Year High Amid OPEC Discord

Prices surged on news that OPEC failed to reach an agreement on increasing production to satisfy growing demand.
By Matthew Heller | July 7, 2021
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Oil Prices Rise as Suppliers Hold Back
The Economy

Oil Prices Rise as Suppliers Hold Back

U.S. crude oil prices rose above $50 per barrel for the first time since February.
By Lauren Muskett | January 12, 2021
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Chevron Ordered to ‘Wind Down’ Venezuela Operations
Risk & Compliance

Chevron Ordered to ‘Wind Down’ Venezuela Operations

The move by the Trump administration comes as crude prices plummet.
By Lauren Muskett | April 22, 2020
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Oil Plunges to 21-Year Low
The Economy

Oil Plunges to 21-Year Low

The oil price collapse comes as an agreement to cut supply failed to offset plummeting demand.
By Lauren Muskett | April 20, 2020
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Oil Prices Fall to Lowest Levels in 18 Years
The Economy

Oil Prices Fall to Lowest Levels in 18 Years

The decrease in air traffic demand due to the coronavirus pandemic is a key driver of the price drop.
By Lauren Muskett | March 18, 2020
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Oil Prices Rebound on U.S. Stimulus Hopes
The Economy

Oil Prices Rebound on U.S. Stimulus Hopes

After Monday's epic collapse, prices also got a boost from signs that Saudi Arabia and Russia will resolve their differences over oil production.
By Matthew Heller | March 10, 2020
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OPEC Cuts Demand Forecasts
The Economy

OPEC Cuts Demand Forecasts

The group cited surging supply and stress in the global economy.
By Lauren Muskett | November 5, 2019
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Oil Prices Spike After Saudi Attacks
Supply Chain

Oil Prices Spike After Saudi Attacks

The energy price shock was felt through global markets.
By Lauren Muskett | September 16, 2019
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Aramco Makes India Move With Reliance Stake
M&A

Aramco Makes India Move With Reliance Stake

The world's biggest oil producer has agreed to buy 20% of Reliance Industries' chemicals and refining business in a deal valued at $15 billion.
By Matthew Heller | August 12, 2019
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Exxon Mobil Profits Dip on Natural-Gas Glut
Financial Performance

Exxon Mobil Profits Dip on Natural-Gas Glut

Lower prices due to abundant supply helped drive Exxon's natural-gas profits down by about half.
By Matthew Heller | August 2, 2019
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IEA: U.S. to Drive Oil Supply Growth
Strategy

IEA: U.S. to Drive Oil Supply Growth

Over the next five years, the U.S. will take aim at becoming the top oil exporter, the agency said.
By Lauren Muskett | March 11, 2019
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BP to Lay Off About 4,000 Workers
Supply Chain

BP to Lay Off About 4,000 Workers

The industry may have more capacity to cut as some analysts are projecting depressed crude oil prices through 2016.
By Katie Kuehner-Hebert | January 12, 2016
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Oil Price Slump Creating Opportunities
Risk

Oil Price Slump Creating Opportunities

Private investors like Blackstone see value in the high-yield bonds of energy firms and in distressed companies hit by the steep drop in oil prices.
By Matthew Heller | February 20, 2015
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Shale Oil: In a Bind
The Economy

Shale Oil: In a Bind

Will falling oil prices curb America’s shale boom?
By Economist Staff | December 9, 2014
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Low Prices No Tonic for Oil and Gas CFOs
The Economy

Low Prices No Tonic for Oil and Gas CFOs

Despite plummeting gas prices, few finance execs expect global oil demand to increase in 2015.
By Matthew Heller | December 4, 2014
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