Many oil-producing countries have little income from other sources. The IMF estimates a “break-even” oil price for their oil income to meet the national budget of the country. These estimates ...

But if we were to break above the $65 level, this allows the light sweet crude oil market to simply take off to the upside from what I suspect. If that happens, then we could go looking to the $69 ...

BATON ROUGE, La. (Louisiana First News) — The House Ways and Means Committee passed a package of bills that would reduce the amount of severance taxes an oil company pays while extracting crude ...

As things stand, the Oil price is approaching a resistance level at 66.42, with a break of the previous high potentially leading to a retest of resistance at 68.17. The period-14 RSI on the daily ...

So a slight ray of hope where demand is concerned but the prices discussed in the Goldman note raises affordability concerns, particularly for US Oil producers. The $56 a barrel mark has been touted ...

CALGARY - Oil and gas giant Canadian Natural Resources Ltd. says it can weather a crude price much lower than where it’s been trading over the past month. West Texas Intermediate, a U.S ...

The US may reduce its oil production which could lead to an annual decline in output in 2026 due to the sluggish demand and falling crude prices, according to a new analysis by S&P Global ...

LONDON :Online classifieds group Adevinta is exploring the sale of its Spanish business, two sources with knowledge of the talks said, as its private equity owners seek to break-up the company to ...

Investing.com -- S&P Global Ratings has revised its outlook for U.S.-based oil and gas exploration and production company, Murphy Oil Corp (NYSE:MUR)., from stable to negative. The adjustment ...

Global oil prices are tumbling in response to the news (and the prospect of Iranian oil pouring back onto world markets). Brent crude prices are down 2.8% pre-market, barely above $64 a barrel.