Renewed diplomatic efforts to end the U.S.-Israeli war with Iran pushed oil prices lower

Staff at an Oklahoma regulatory agency spent over a year building a case against Citation Oil & Gas, a company notorious for oil field pollution. Instead of disciplining the company, agency leaders chose to let it resume operations.

Investors have grown increasingly concerned that the war in Iran could escalate again, putting energy supplies at greater risk.

Global oil consumption surpassed 100 million barrels per day in 2023, driven by post-pandemic demand for gasoline, diesel, and kerosene. The U.S. extended its lead as the world's top oil producer, setting a new record and outpacing Saudi Arabia and Russia.

After hitting recent highs midmorning, crude oil prices tumbled in the wake of weaker-than-expected home starts.

The idea some have clutched close — that the fighting in Iran that has spread throughout the region, restricted ocean transit, turmoil in the global oil industry, and rising prices will be over quickly — seems increasingly unlikely. To understand what ...

Oil prices experienced a significant drop, with West Texas Intermediate crude momentarily falling below $60 per barrel. President Trump's recent tariff announcements have sparked fears of a global recession and reduced trade activity, negatively impacting ...

By Steve Holland LUBBOCK, Texas, Oct 27 (Reuters) - President Donald Trump campaigned in the traditionally solidly Republican state of Texas on Tuesday, seeking to boost US Senate candidate Ken Paxton and other party members and fend off what could be the first statewide Democratic victory in 32 years.

Forbes contributors publish independent expert analyses and insights. Robert Rapier is a chemical engineer covering the energy sector. MIDLAND, TX - JULY 29: President Donald Trump speaks to city officials and employees of Double Eagle Energy on the site ...