ConocoPhillips and other U.S. oil producers are cutting back costs amid tariff woes and weak crude prices, but they’re only making modest reductions for now to maintain flexibility and to avoid ...

Supporters of the proposals argue that cutting the severance tax on oil to 6.5% will result in more oil production, particularly in south Louisiana. “Getting the severance tax lowered on oil ...

Kazakhstan, one of the biggest overproducers under the agreement alongside OPEC’s second-largest producer, Iraq, plans to keep its crude oil and condensate production levels in May the same as ...

President Donald Trump had signed an executive order to block sales of Iranian oil as part of an economic pressure campaign against the Middle East country working to develop its own nuclear weapon.

By Stanley Reed Reporting from London Oil prices are falling. Economists are cutting forecasts for global economic growth. Oil giants are reporting lower profits. But on Saturday, eight countries ...

Riyadh shifts strategy, cutting prices to punish OPEC+ members ... China and other economies that sent financial markets and oil futures into a tailspin. Shutterstock As Saudi Arabia’s Prince ...

U.S. oil prices fell to $57 a barrel after the OPEC Plus cartel said this weekend that it would pump more oil. By Rebecca F. Elliott Oil prices resumed their slide after the OPEC Plus cartel of ...

Goldman Sachs has slashed its oil price forecast for a third time in one month after OPEC+ decided this weekend to hike production in June with a similar 410,000-bpd increase it is implementing in ...

After more than a week of oil shooting vertically out of an unused ... that office alone lost 30 of its 85 staff members following cost-cutting measures the Trump administration implemented ...

The Trump administration is cutting the Environmental Protection Agency’s (EPA) Energy Star program, which highlights energy efficient home appliances, according to sources and images of slides ...

Oil prices are at their lowest levels since the spring of 2021. At Thursday's close, a barrel of West Texas Intermediate crude was $59 a barrel, down from $74 at the start of January. The last ...