President Donald Trump said Tuesday night that Venezuela will turn over 30 million to 50 million barrels of oil to the United States, to be sold at market value and with the proceeds controlled by the ...
Silver prices are typically much lower than oil. DataTrek Research co-founder Nicholas Colas said in Tuesday’s report that ...
The oil market is grappling with whether sanctioned Russian and Iranian cargoes should still be counted as supply. This may explain why oil prices have been slow to react to a huge glut that is ...
Silver has finally crossed a threshold untouched since 1980. Today, the white metal trades above $60 per ounce, while oil sits below $60 per barrel. In essence, that means one ounce of silver can now ...
World Bank and IEA forecast a record-high oil supply surplus of 4 million barrels per day for 2026 Global oil markets could face a supply surplus of roughly 4 million barrels per day in 2026, ...
There’s a record 1.4 billion barrels of crude currently on the world’s oceans, pushing down benchmark prices and sending gasoline under $3 a gallon at the pump in the US.
The IEA, EIA, and BloombergNEF all forecast a major global oil surplus through 2026—up to 4 million bpd. The IEA admitted it couldn’t account for 1.47 million barrels per day of global supply in ...
ExxonMobil's third quarter 2025 earnings were substantially supported by its growing production in Guyana's Stabroek Block, offsetting the impact of softer global oil prices. The Stabroek Block, a ...
ConocoPhillips has a long-term cost of supply below $40 a barrel. Diamondback Energy can produce enough cash to maintain its current dividend payment at $37 oil. EOG Resources is capitalizing on lower ...
A fresh oil production hike by OPEC+ has sent yet another clear signal to the international crude market that its focus remains firmly on a higher market share. At their meeting on Sunday, eight ...