News

Rachel Reeves rocked as oil price explodes – nightmare tax scenario unfolds
A rising oil price is bad news for motorists, and Rachel Reeves. The economy shrank by 0.3% in May. With households already ...
Commodities: U.S. Crude Oil Supply To Fall In 2026
The EIA said oil output would decline by 50k b/d YoY in 2026 to 13.37m b/d. Meanwhile, the European Commission is proposing a ...
Global Airline Stocks Fall
Shares in airlines across the world fell after Israel's strikes on Iran ratcheted up tensions in the Middle East, and [pushed up oil prices]( ...
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Russia’s Oil Profits Tumble as Prices Fall and Sanctions Hit
The combined net profits of Russia’s oil and gas companies nearly halved in the first quarter from a year earlier, while ...
EIA forecasts drop in U.S. oil production as drilling slows due to lower prices
US crude oil production likely will fall over the next 18 months as producers cut back on drilling activity in response to ...
An Oil Slump Could Take Prices Into $40 Range
Oil prices could fall below $50 this year as a flood of new supply from OPEC and its allies comes onto the market in the ...
U.S. Crude-Oil Stockpiles Down More Than Expected
U.S. crude-oil inventories fell last week by 3.6 million barrels, surpassing an expected decline of 1.6 million-barrels.