News

Oil Prices Are Inching Lower. How Exxon, Chevron and Other Stocks Are Impacted.
Exxon Mobil said its second-quarter earnings will take a hit. Shell has said its trading profit will be lower than thought.
US to produce less oil in 2025 than previously expected, EIA says
The U.S. will produce less oil in 2025 than previously expected as declining oil prices have prompted U.S. producers to slow ...
Hungary’s Mol Eyes Ukraine Port Access to Phase Out Russian Oil
Mol Nyrt., the Hungarian oil company that’s faced criticism for maintaining strong reliance on Russian energy, sees a ...
Here’s the open secret as U.S. tightens sanctions on Iran’s oil exports
The U.S. continues to show it’s serious about punishing Iran for its nuclear ambitions and support for terrorism, but tighter ...
Summer gas prices are headed even lower, as Saudi Arabia accepts the 'lesser evil' of cheap oil
OPEC+ jolted markets by announcing it would flood the market with more oil.
India's Kerala state seeks $1.1 billion in compensation from MSC over oil spill
India's southern state of Kerala has sued Swiss-based Mediterranean Shipping Company and sought $1.1 billion in compensation ...
Starbucks is looking to remove canola oil from its food menu
Starbucks is exploring how to remove canola oil from its food lineup in the U.S. In one example, the company is considering ...
Arizona driver says just days after getting an oil change, his engine seized up while driving on the freeway
Regular oil changes should help your car run longer and perform better, but when Travis Brun's engine seized up just days ...
Indonesia palm oil exports to US may fall due to tariffs, industry group says
JAKARTA (Reuters) -Indonesian palm oil exports to the United States may fall due to the 32% tariffs threatened on Indonesian ...