President Donald Trump's trade war has sent crude oil prices spiraling. Prices have reached levels where producers may pull back on drilling, undermining Trump's "drill, baby, drill" agenda.

Michael Clarke says the current price of oil is hovering around $60 a barrel. "Once it goes below $60 a barrel, the Russians start to feel the pain," he says. "Gas prices, it was 98p/Thm ...

U.S. crude oil inventories rose for a second consecutive week amid an increase in net imports, according to data released Wednesday by the U.S. Energy Information Administration. Commercial crude ...

Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. Crude oil inventories in the United States saw an increase ...

The price of WTI Crude oil is around $57.70, and Brent is at $60.69. Experts warn of further declines due to escalating trade tensions.(Photo: Bloomberg) Both benchmarks have tumbled over the five ...

An oil company developing a large field on Alaska’s North Slope has reached a deal with ConocoPhillips over the use of roads needed to access that field and other prospects. Santos, the ...

JAKARTA : Indonesia's palm oil industry and farmer groups on Wednesday urged the government to reduce export costs, to offset the impact of market distortion caused by 32 per cent U.S. reciprocal ...

China’s oil giants move to prop up shares amid fears of global crude price slump The rare coordinated share buybacks by China’s “big three” oil majorsPetroChina, Sinopec, and CNOOC ...

The 10-Year Road Map was developed to increase Nigerian content in the oil and gas sector from 26 per cent in 2017 to 70 per cent by 2027. A major focus of the plan is technical capability ...

Liberal Leader Mark Carney has a clear and appealing plan for Alberta’s oil and gas industry. We’ll find out soon enough if the Liberals win. Premier Danielle Smith won’t buy his line ...

By Rebecca F. Elliott U.S. oil prices bounced back to around $62 a barrel on Wednesday afternoon, more than erasing earlier losses after President Trump said he would pause his reciprocal tariffs ...

Supply chain disruptions and policy decisions can significantly change these costs for oil companies — and consumers. Oil and gas industry leaders said this week that prolonged tariffs and ...