News

Why are oil prices falling? And what does it mean for Long Islanders?
Lower fuel costs could create savings for consumers, but economic threats posed by tariffs still a concern, a local economist ...
Aramco reports $26 bn profit in Q1, down 4.6% on lower oil prices
Saudi Arabia's state-owned oil giant Aramco posted first-quarter profits of $26 billion on Sunday, down 4.6% from the prior ...
A top exec says America's oil industry is at a 'tipping point' and US production is set to drop
The CEO of Diamondback Energy said in a letter to shareholders that falling oil prices will lead to a decline in US ...
Oil Prices Fall as OPEC Increases Supply Despite Fears of an Economic Slowdown
U.S. oil prices fell to $57 a barrel after the OPEC Plus cartel said this weekend that it would pump more oil.
As the oil industry freezes up, ConocoPhillips CEO warns against cutting production too fast: ‘Don’t whipsaw this thing too hard right now’
The ultimate depth and duration of this current price environment remains unclear,” said ConocoPhillips chairman and CEO Ryan ...
How Tariffs and OPEC+, Oddly Enough, Are Driving Down the Price of Oil
When US President Donald Trump was inaugurated to his second term as president on Jan. 20, oil prices were close to the highs ...
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Why oil prices are falling, and what it means for the economy
Here's a breakdown of the forces that are buffeting oil prices, and what it means for individuals and the economy.
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Saudi Aramco profits top $26 billion, despite ‘economic uncertainty impacting oil prices’
Aramco chief executive, Amin Nasser, said that global trade dynamics affected energy markets in the first quarter of 2025, ...
This Top Oil Stock Is a Cash-Producing Machine
ConocoPhillips (NYSE: COP) has spent several years building a low-cost oil company. The result is an oil company that can ...