Oil prices jump 3%, stocks inch higher after Iran vows retaliation for US ‘self-defense strikes’
Oil prices jumped about 3% Tuesday morning after Iran vowed retaliation following the US military’s “self-defense strikes” in the Strait ...
Tag: oil
Dow surges, oil drops nearly 10% after Iran opens Strait of Hormuz
Stocks surged as oil prices plunged sharply on Friday, with US crude for May delivery falling 9.8% to $85.37 a ...
Saudi Arabia warns oil prices could spike past $180 a barrel if Iran war rages on: report
Saudi oil officials said prices could easily soar past $180 a barrel if severe supply disruptions from the war in ...
Trump signals he will tap into Strategic Petroleum Reserve to bring down gas prices
President Trump signaled on Wednesday that he plans to tap into the US Strategic Petroleum Reserve in an effort to ...
OPEC+ agrees to further boost oil output to regain market share
OPEC+ has agreed to further raise oil production beginning in October as leader Saudi Arabia pushes to regain market share, ...
The airstrikes in the Israel and Iran are having a global impact on Wall Street
Wall Street’s myopia was on full display in the immediate aftermath of the Israeli airstrikes against Iran. Many of us ...
Chevron slashing up to 8K jobs in major revamp of oil giant
Chevron will lay off 15% to 20% of its global workforce by the end of 2026, as it seeks to cut ...
Oil prices spike 8% after OPEC+ cut stokes US inflation fears
Oil prices surged by as much as 8% following the surprise announcement by petroleum-producing countries that make up the OPEC+ ...
Russian energy revenue rebounds by 22.5% in February
Russian oil and gas revenues, the mainstay of state coffers, rose 22.5% in February, but were still down 46.4% from February ...
Oil rig worker who makes $200K entitled to overtime: Supreme Court
An oil rig supervisor who earned more than $200,000 a year working for Houston-based Helix Energy Solutions Group is entitled to ...
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