-
Murphy Oil Corporation Announces First Quarter Results, Reaffirms 2025 Capital Expenditure and Production Guidance
07 May 2025 21:13 GMT
… price forward sales contracts in Canada to mitigate volatility of AECO prices … access debt markets at acceptable prices; or adverse developments in the … AVERAGE PRICE SUMMARY (unaudited)
Three Months Ended
March 31,
2025
2024
Crude oil …
-
Oil production hike by OPEC+ nations triggers global market unrest, threatens U.S. energy dominance
07 May 2025 21:23 GMT
… ) in June, causing crude prices to plummet to four-year … for lower oil prices.
The kingdom, traditionally a price stabilizer, is … May 2, has sent crude prices plummeting to four-year … producers already battling unprofitable prices. WTI crude, now trading near …
-
Brent crude for July delivery falls 1.66% to $61.12.
07 May 2025 21:10 GMT
The North Sea crude oil, a key European benchmark, … Donald Trump.
Since early April, oil prices have plummeted by around 20% … to a recession.
The price decline was also influenced by … of the Organization of the Petroleum Exporting Countries and their allies …
-
Occidental reports quarterly profit beat on strong output, natural gas prices
07 May 2025 22:12 GMT
(Reuters) -Occidental Petroleum beat Wall Street … production and favorable commodity prices.
Benchmark Brent crude prices averaged $74.98 … U.S. natural gas prices have been on an upward … increase.
Meanwhile, average realized price for oil fell from last year, …
-
Understanding 'Drill, baby, drill' and oil prices in Trump 2.0
07 May 2025 21:25 GMT
… in 2024, when the actual price of natural gas averaged just … floor on oil prices by committing to refilling the Strategic Petroleum Reserve. Oil and … gas producers can rest assured that should oil prices …
-
Trump Wants to Let Price-Fixing Oil Execs Off the Hook
07 May 2025 21:24 GMT
… a pass for an alleged price-fixing scheme after they … with foreign governments to raise oil prices.
In an op-ed … of the Petroleum Exporting Countries (OPEC) to manage oil production. OPEC … leaders to keep oil supply low and raise prices to capitalize …
-
Texas Pacific Land misses its core profit forecast for the first quarter due to lower oil prices
08 May 2025 00:20 GMT
… as lower oil prices offset increased production.
Brent crude futures dropped … current commodity prices the U.S. production of oil is … reported that the realized price of oil for the quarter fell … to higher natural gas prices and production.
Natural gas …
-
CPI rises 2.03 percent on dining-out, fruit prices
07 May 2025 21:55 GMT
… international energy prices and a 2.13 percent price fall in … that excludes price-volatile items such as vegetables and oil, last … report said.
Meanwhile, the producer price index (PPI) last month … the recent fall in international crude oil prices, it added.
-
Oil Drops on Powell Rate Comments
07 May 2025 21:49 GMT
… , the world’s largest crude importer, to kickstart substantive … also weighing on prices, he added.
Oil has trended lower … economy.
The decline in crude prices will likely lead to falling … US crude production this year for a second straight month.
Oil Prices
…
-
Devon Energy In Spotlight After Q1 Profit Miss, Oil Production Forecast Raise: Retail’s Divided
07 May 2025 20:54 GMT
… raised its full-year 2025 oil production forecast by 1% to … Wall Street’s estimates.
The oil and gas producer reported a …
Due to a decline in oil prices, its net income fell to … amid a low oil price environment.
Benchmark Brent crude oil prices fell below $60 …