Oil Ends Day Higher After Drone Incident
Crude prices rose after a drone incident and renewed Strait of Hormuz concerns.
Crude prices rose after a drone incident and renewed Strait of Hormuz concerns.
President Donald Trump said he would roll back punitive tariffs on India in return for an agreement that Prime Minister Narendra Modi would stop buying Russian oil.
Algorithmic traders have racked up a third straight year of losses in oil.
Devon Energy and Coterra Energy announced the signing of a definitive agreement to merge in an all-stock transaction.
A vessel was hailed by smaller armed ships in the Strait of Hormuz, a UK naval group said.
'After a midyear slowdown, U.S. upstream M&A regained momentum in 4Q25', EIR said.
North America added three rigs week on week, according to Baker Hughes' latest North America rotary rig count.
Some of the liquefied natural gas industry's biggest companies are skipping a key conference in Qatar.
Oil prices plunged as easing Iran tensions erased geopolitical risk premiums and sparked a broader commodities selloff.
President Donald Trump said Saturday he welcomed investment by China and India in Venezuela's oil industry.