A fragile cease-fire in the Middle East and an oil supply chain without significant disruptions have helped keep gas prices stable.
Category: Organization of the Petroleum Exporting Countries
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The Markets Are Balancing on a Knife’s Edge
The world has been anything but peaceful, but you wouldn’t know that from looking at the markets.
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Oil Prices Drop, but Iran-Israel Conflict Raises Many Risks
Industry experts are examining possible scenarios, including one in which the price of oil doubles this year.
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Oil Prices Could Climb Higher if Mideast Tensions Escalate
A sustained rise in the price of crude oil, which jumped sharply after Israel attacked Iran, could hurt consumers and President Trump’s efforts to bring down energy costs.
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Oil Up, Global Stocks Down After Israel Strikes Iran
Oil prices are up and stocks are down, as investors fear a potential wider regional conflict.
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OPEC Plus Members Say They Will Fast-Track Oil Output
Saudi Arabia and the United Arab Emirates see a chance to ratchet up production in July, the third consecutive month of accelerated increases.
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U.S. Oil Companies Are ‘Battening Down the Hatches’
The industry is bracing for the OPEC Plus oil cartel’s meeting on Saturday, which is widely expected to further increase oil production despite weak demand.
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Oil Prices Slide Further on Plans to Increase Supply
U.S. oil prices fell to around $56 a barrel after the OPEC Plus cartel said it would bring more oil to market.
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Oil Prices Are Falling. Here’s Where That Could Spell Trouble.
For countries that depend heavily on oil revenue, dropping prices are worrisome.
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Why OPEC Plus Is Increasing Oil Supplies Despite Falling Prices
The group agreed to raise output in June, a sign that Saudi Arabia and its allies appear to be weary of cutting output and may be trying to appease President Trump, who has pushed for lower prices.
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Exxon and Chevron Report Lower Profits While Girding for Tariffs
President Trump’s trade policies have helped to push down oil prices while raising the costs of materials for oil and gas companies.