Iraq’s Economy on Edge Due to High Oil Income Dependence By Charles Kennedy - Jun 09, 2025, 9:01 AM CDT. ... noting the budget break-even oil price has jumped to $84 per barrel.

Guyana’s Stabroek block has an estimated 11 billion barrels of oil in place discovered so far by the consortium of ExxonMobil, U.S. Hess Corp, and CNOOC of China.

Options traders are making bullish bets that oil could soon hit $100 a barrel on fears tensions between Israel and Iran could spark a wider Middle Eastern conflict that threatens crude flows.

Brent crude futures were down 31 cents, or 0.5%, at $64.42 a barrel by 1341 GMT. U.S. West Texas Intermediate crude fell 30 cents, ... Oil prices edge lower ahead of OPEC+ meeting.

Exxon Mobil Corp. will keep its capital allocation plans intact even if oil declines toward $50 a barrel, Chief Executive Officer Darren Woods said.

The Stakes: Oil, Ego — And An 11 Billion Barrel Bonanza Behind the fight is Hess Corp’s HES 30% interest in a huge Guyanese oil project, which has roughly 11 billion barrels in projected reserves.

Oil futures extended gains to recover “Liberation Day” levels as the U.S. and China ... The international oil benchmark rises 1.9% to $68.16 a barrel, while the U.S. oil gauge gains 2.3% to ...

Biden authorized an emergency sale of 180 million barrels of oil, the largest-ever withdrawal from the strategic reserves. The oil was sold at roughly $95 a barrel, and the purchases were made at ...

Eight oil-producing nations of the OPEC+ alliance could hike output by as much as 411,000 barrels per day in July, ... One, totaling 1.66 million barrels per day, ...

Existing-Home Sales Edge Higher in May Despite Mortgage Rate PressureMon, 23 Jun 2025 15:17:28 GMT Composite PMI Drops To 52.8; SP500 Tests Session HighsMon, 23 Jun 2025 14:13:31 GMT Global ...

To come up with our list of the 10 most undervalued oil stocks to buy according to analysts, we went through a variety of online publications, ETFs, and stock screeners to note down equities with ...

Where does a giant refinery in Nigeria, Africa’s largest oil producer, go to source the raw materials it needs to make fuels for the nation of 228 million people? Try crude fields around Midland ...