Oil drilling rigs Oil prices dropped on Friday, posting weekly losses as investors await the outcome of the OPEC+ meeting tomorrow. This comes amid reports that member states are seeking to accelerate the pace of production increases. Brent crude futures for July delivery dropped 1.4% to $61.29 per barrel. The US West Texas Intermediate (WTI) […]
Oil prices fall, Brent crude posts over 8% weekly loss Read More »
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OPEC+ crashed oil prices by hiking output in April. Here’s why it could do that again. Read More »
Taj Gasoline has recently launched Pakistan’s first all-female-staffed fuel station at Taj-103 in Johar Town, Lahore. This groundbreaking step aims to challenge the traditional norms of the fuel industry, which has long been male-dominated. By hiring only women to run the station, Taj Gasoline is not only setting a new standard for excellent service but
Taj Gasoline Owned Pakistan’s First All-Women Staffed Fuel Station in Lahore Read More »
By Julianne Geiger – May 02, 2025, 12:16 PM CDT The total number of active drilling rigs for oil and gas in the United States slipped this week, according to new data that Baker Hughes published on Friday, following a 2 rig increase in each of the two weeks prior. The total rig count in
US Oil Drillers Back Off As Oil Prices Continue to Hurt Read More »
Simon Watkins Simon Watkins is a former senior FX trader and salesman, financial journalist, and best-selling author. He was Head of Forex Institutional Sales and Trading for… More Info Premium Content By Simon Watkins – Apr 28, 2025, 7:00 PM CDT The U.S. now holds strong leverage over Saudi Arabia, as low oil prices and
Inside Trump’s Hardball Strategy to Control Global Oil Prices Read More »
Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. More Info Premium Content By Tsvetana Paraskova – Apr 28, 2025, 6:00 PM CDT Big Oil’s earnings are falling sharply, with firms like BP and Shell expected to post major profit drops
Summer Earnings Could Burn Oil Giants Read More »
Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Premium Content By Irina Slav – Apr 28, 2025, 5:00 PM CDT U.S. shale drilling is slowing due to weaker oil prices and tariff-related cost uncertainties. Oil prices below $65 per barrel
Cheap Crude Tests U.S. Shale’s Breaking Point Read More »
A slide in crude oil prices is increasing the likelihood that Angola will need an International Monetary Fund (IMF) loan, finance minister Vera Daves de Sousa told Reuters, adding the government is running stress tests to gauge the impact on its finances. Sub-Saharan Africa’s second-biggest crude oil exporter has based its 2025 budget on an
Angola more likely to tap IMF loan after oil price drop: finance minister Read More »
USD/CAD trades near the 1.3900 zone in a tight range ahead of the weekend Contradictory US-China tariff headlines and resilient oil prices shape sentiment Resistance is seen at 1.3893 and 1.3986, with support at 1.3855 The USD/CAD pair holds steady around the 1.3900 zone on Friday as markets weigh fresh US-China trade headlines and stronger
USD/CAD holds firm as mixed trade headlines cloud USD outlook Read More »
The Minister of Women Affairs, Imaan Sulaiman-Ibrahim, has raised concern over the alarming number of Nigerian women over 80,000 who die annually from toxic smoke inhalation caused by traditional cooking methods such as firewood and kerosene stoves. Speaking during a stakeholders’ engagement on women’s access to clean energy in Abuja, the minister decried the social
Over 80,000 Nigerian women die annually from toxic cooking smoke – Minister Read More »
