Hosted on MSN

Trump tells Newsweek US selling oil, gas at levels 'nobody's ever seen'

President Donald Trump told Newsweek’s Leonardo Feldman the U.S. is producing more oil than ever and that oil and gas sales are at a level “nobody’s ever seen before,” when asked about Chevron and ...
The Conversation

Shutting Iran’s oil wells may be straightforward – but the consequences are not

The Strait of Hormuz – the narrow waterway through which between 20% and 25% of the world’s seaborne oil normally passes – has been effectively closed for just over two months. The immediate ...
The New York Times

Trump Promised Transparency in Venezuela, but Oil Secrets Linger

Trump officials and their Venezuelan allies have promised a new era of accountability to unlock Venezuela’s immense oil wealth. But the country’s oil industry remains a black hole. Cardon Refinery in ...
Wall Street Journal

Oil Futures End Session Higher, But Down on the Week

1520 ET – Oil futures end the week with losses as a U.S. proposal keeps hopes alive for an end to the war with Iran and eventual reopening of the Strait of Hormuz. Markets are oscillating between ...
CNN

ExxonMobil and Chevron earnings fall, but bigger profits are on their way because of soaring oil prices

ExxonMobil and Chevron, America’s two largest oil companies, both reported a sharp drop in profit for the first three months of this year. But much bigger profits likely lay ahead because of rising ...
The New York Times

Oil Prices Slide but Remain Elevated Amid Simmering Mideast Tensions

Oil prices pulled back on Tuesday after a sharp increase a day earlier, when the fragile truce in the Middle East appeared to be in jeopardy. Stocks rose. Defense Secretary Pete Hegseth on Tuesday ...
Wall Street Journal

Big Oil Stays the Course Despite Historic Dislocation in Energy Markets

The oil giants that for years reined in fossil-fuel spending and showered investors in cash are warning the Iran war is severely tightening global oil supplies—and they are in no hurry to change ...
CNBC

Exxon Mobil CEO expects higher oil prices due to Iran war: ‘The market hasn’t seen the full impact’

Oil prices do not currently reflect the full scale of the supply disruption triggered by the Iran war, Exxon CEO Darren Woods said. The market has been insulated by tankers in transit, strategic ...
The Drive

My Favorite Oil Filter Is Now Made in China, but I Found a Better Replacement

With nine different gas-engined machines on my property, I spend a lot of time changing fluids and filters. I’m not really brand loyal about consumables, but NAPA Gold has been my go-to oil filter.
Boston Herald

Profit for the biggest US oil companies declined in the first quarter, but only on paper

Profit for the two largest oil companies in the U.S. tumbled during the first quarter, a three-month period in which the price of crude and gasoline rocketed higher. It’s a setback on paper only, ...
Scientific American

Gas prices are spiking. So why aren’t U.S. oil companies drilling more?

The closure of the Strait of Hormuz has trapped one fifth of the world’s oil supply in the Persian Gulf, a crisis that the World Bank Group predicts will spike energy prices by 24 percent in 2026—the ...