Oil

When Donald Trump took the presidential oath of office in January 2025, he made his energy agenda unmistakably clear, vowing to unleash American oil production under the rallying cry, "Drill, baby, drill." • State Street Energy Select Sector SPDR ETF stock is building positive momentum. What...

Wall Street lacked clear direction on Tuesday, as mixed labor market data failed to ignite a fresh wave of risk-on sentiment. Nonfarm payrolls rose by 64,000 in November, topping expectations of 50,000. However, the unemployment rate climbed to 4.6%, the highest level since September 2021. •...

Exxon Mobil Corp's (NYSE:XOM) updated 2030 Plan reads like a subtle but unmistakable pivot: less capital headed toward low-carbon experiments, more firepower behind the assets that print money today. Track XOM stock here. The company now expects $25 billion in earnings growth and $35 billion in...

Speaking at the America Business Forum in Miami on Wednesday, President Donald Trump claimed victory on a key economic promise: gasoline prices are now hovering near $2 per gallon, a level he vowed to restore during his 2024 campaign. Trump boasts that gasoline prices have “plummeted to the...

Energy services major Baker Hughes Co. (NASDAQ:BKR) secured a multi-year contract from oil giant Aramco to expand operations across Saudi Arabia’s extensive natural gas fields. The agreement, which centers on integrated underbalanced coiled tubing drilling (UBCTD), marks a crucial step toward...

A fresh wave of U.S. sanctions on Russia's largest oil companies, ordered by President Donald Trump, jolted energy markets back to life on Thursday—sparking a crude rally and lifting battered American oil stocks sharply higher. West Texas Intermediate (WTI) crude futures jumped over 5% to trade...

Ten months after President Donald Trump returned to the White House promising a fossil fuel renaissance under the ‘Drill Baby Drill’ mantra, the energy sector he pledged to supercharge is falling behind. The centerpiece of Trump's campaign was to revive oil and gas dominance by...

Trading in Occidental Petroleum Corporation (NYSE:OXY) is quiet on Monday. But the stock is still in an uptrend and it may continue to remain in it. A classic ascending triangle pattern has formed on the chart. This could have bullish implications, and it is why Occidental is the Stock of the Day....

Oil ETFs are again in the limelight as investors balance short-term geopolitical uncertainty with a pending long-term supply surplus. Though crude prices rebounded this week following an sharper-than-anticipated drawdown in American inventories and increased tensions in Russia-Ukraine, the long-...

Exxon Mobil Corporation (NYSE:XOM) has reportedly held discreet talks with Russian state oil giant Rosneft ever since 2022. The oil giant reportedly wants to reenter the Sakhalin energy project, contingent on a potential Ukraine peace deal. Exxon CEO Darren Woods also discussed Exxon's plans with...

Oil markets rebounded sharply on Thursday as traders positioned ahead of Friday's high-stakes meeting between President Donald Trump and Russian President Vladimir Putin in Alaska, while trimming their expectations for an immediate ceasefire deal. The USO ETF is surging rapidly. Check live...

President Donald Trump has taken a major swing at India's trade relationship with the U.S., slapping an additional 25% tariff on Indian imports in response to New Delhi's continued purchases of Russian oil—effectively doubling the total tariff burden on Indian goods to 50%. INDA ETF is moving fast...

In the face of potential penalties threatened by President Donald Trump, India has affirmed its decision to continue buying cheap oil from Russia. This development surfaces amidst ongoing India-U.S. talks concerning a bilateral trade agreement. What Happened: According to a report, Indian officials...

New On The Block MEG Energy is officially on the auction block, and the oil sands drama is heating up like a rig in August. According to the Financial Post, the $6.8 billion company has set a Monday deadline for bids. Cenovus Energy is in the lead, despite still lugging around an immense amount of...

Tariffs introduced on the so-called “Liberation Day” and OPEC+ production hikes have "pulled the rug out" from under Halliburton Co (NSE: HAL), according to Piper Sandler. For more information on the best Oil ETFs, click here. The Halliburton Analyst: Analyst Derek Podhaizer...