The Latest Breaking News from Oil

Discover how Schlumberger, Baker Hughes, and Halliburton are leveraging their robust financial health and strategic initiatives to thrive in a market where oil prices are expected to remain elevated, in our latest deep dive into the energy sector's top performers.

June WTI crude oil (CLM24 ) on Thursday closed down -0.05 (-0.06%), and June RBOB gasoline (RBM24) closed +1.91 (+0.74%). Crude oil and gasoline prices settled mixed on Thursday, with crude posting a new 1-1/2 month low. Crude prices are under pressure due to the potential for a cease-fire between...

The energy sector is positioned for substantial growth because of increasing global energy demands, geopolitical tensions, and recovering global economies. Therefore, investors could consider buying fundamentally strong energy stocks: Baker Hughes (BKR), Plains All American Pipeline (PAA), Euronav (EURN), and MRC Global (MRC), all of which are Buy-rated in our…

OPEC+ considering extending oil production cuts to stabilize market amid pandemic challenges.

British oil and gas giant Shell announced Thursday that first-quarter earnings fell but beat expectations in a "strong" performance, and unveiled another bumper stock buyback.

Energy multi-national faces wave of anger from campaign groups but defends its low-carbon spending plans

Group of major shareholders plans to table resolution, accusing company of watering down climate pledge

Use of enclosed combustors leaves regulators heavily reliant on oil and gas companies’ own flaring data

Marathon Oil beats profit estimates in Q1 with higher market prices, showcasing resilience and strategic decision-making in the recovering oil and gas sector.