Oil Prices Drop, but Iran-Israel Conflict Raises Many Risks Industry experts are examining possible scenarios, including one in which the price of oil doubles this year.

President Donald Trump made light of a gift from the United Arab Emirates on Friday, when he was gifted a box from UAE officials containing a single drop of oil.

Crude oil stocks, not including the SPR, stood at 438.4 million barrels on May 2, the U.S. Energy Information Administration's latest weekly petroleum status report showed.

Fitch estimates that if oil prices average $65 a barrel in 2025—their expected scenario—most Gulf countries will still have budget surpluses. But three countries could face deficits: Saudi ...

Oil prices dropped Monday, as the Organization of the Petroleum Exporting Countries and its allies agreed to boost output again in June. OPEC+, a grouping led by Saudi Arabia and Russia, over the ...

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Crude oil stocks, not including the SPR, stood at 440.4 million barrels on April 25, the EIA's latest weekly petroleum status report showed.

Crude oil prices capped their worst monthly drop since November 2021 as fears over a global economic downturn and demand shock as a result of tariffs come as the supply of oil is about to surge.

Investing.com-- Oil prices rose Tuesday, recovering from the previous session’s sharp drop, although concerns remained given the global economic uncertainty driven by U.S. trade tariffs. At 08: ...

Oil price drop is biting exporters disproportionately with Nigeria and other oil export dependent economies taking the heat.

A steep drop in crude oil prices largely due to U.S. President Donald Trump’s tariffs will squeeze budgets of emerging market oil exporters, analysts said, while the potential economic slowdown ...