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.
Oil Prices Rise as Suppliers Hold Back
U.S. crude oil prices rose above $50 per barrel for the first time since February.
Chevron Ordered to ‘Wind Down’ Venezuela Operations
The move by the Trump administration comes as crude prices plummet.
Oil Plunges to 21-Year Low
The oil price collapse comes as an agreement to cut supply failed to offset plummeting demand.
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.
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.
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.
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.
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.