Commodities
Gulf uncertainty is creating ‘win, win’ strategy with Chevron and other oil majors
Chevron trades at less than 14 times forward price-to-earnings and generated over 18 billion dollars in free cash flow in the most recently reported...
Commodities
Top Democrat proposes killing tax breaks for overseas oil production
Senator Martin Heinrich, the top Democrat on the Senate Energy and Natural Resources Committee, will introduce a bill to eliminate tax breaks for U.S....
Commodities
Current price of oil as of August 7, 2026
As of August 7, 2026, oil was priced at $86.04 per barrel, up $2.40 from the previous day and approximately $19 higher than the...
Commodities
Oil rises amid supply disruption fears following Iran’s restrictive draft plan for the Strait of Hormuz
Oil prices rose on Friday amid supply disruption concerns after Iran published a restrictive draft plan for the Strait of Hormuz. Brent crude futures...
Commodities
ConocoPhillips CEO Ryan Lance departs as oil producer posts best profit since 2022
ConocoPhillips CEO Ryan Lance will retire after fourteen years at the helm, with CFO Andy O'Brien succeeding him on September 1. The largest U.S....
Commodities
Gas prices could remain high this fall even if crude prices stabilize. Here’s why
U.S. gas prices could remain stubbornly high after the summer driving season ends as the world faces a tight fuel market due to a...
Commodities
ConocoPhillips CEO Ryan Lance steps down after 14 years and will be replaced by the CFO, a company lifer
Ryan Lance, CEO of ConocoPhillips, will step down in September after 14 years at the helm of the American oil group. He will remain...
Commodities
Current price of oil as of August 6, 2026
Oil had reached $83.64 per barrel using the Brent benchmark as of August 6, 2026, down 8 cents from the previous morning and about...