The price of West Texas Intermediate is hovering around $60 per barrel — not low enough to kill the oil patch, but not generating “Drill, baby, drill!” vibes.
When the economy slows down, the price of oil tends to fall. But this time, OPEC+ is increasing production despite weak demand.
Even though many commodities, like oil, were exempt from tariffs, the broader economic effects are likely to take a toll if they continue.
The U.S. Energy Information Administration says it could be the biggest jump in decades.
BP didn’t share many details, but the company has been losing money on renewables and will likely be doubling down on oil and gas.
Thanks to abundant supply and fairly flat demand, oil prices are forecast to fall — unless tariffs and geopolitics get in the way.
And the oil cartel may well decide to just wait and see what happens in the U.S.
A stockpile of oil kept in four large caverns can help with a rainy day.
They’ve been ponying up cash for years. Now they want dividends.
These regulations have changed a lot since the 1970s. Each president has tinkered with them.