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petroleum

Dallas Fed: Geopolitical conflicts creating uncertainty for U.S. oil and gas industry

(The Center Square) – A new quarterly Dallas Fed Energy Survey indicates the U.S.-Israeli conflict with Iran and other geopolitical conflicts are negatively impacting and creating uncertainty for the U.S. oil and natural gas industry. Oil prices and associated costs are expected to remain high even after the

Stocks rally, oil drops on Mideast war optimism

Stocks rally, oil drops on Mideast war optimism

Global stocks rallied and oil prices fell Wednesday after US President Donald Trump said the Middle East war that has roiled markets could be over within weeks. Wall Street's main indices were higher in midday trading, building on a rally from the previous day. In Europe, Frankfurt and

Greenpeace accuses oil companies of reaping Mideast 'war profits'

Greenpeace accuses oil companies of reaping Mideast 'war profits'

A study commissioned by Greenpeace said on Wednesday that oil companies have been making more than 80 million euros a day in "war profits" in the European Union since the start of the war in the Middle East. "If this level persists, the oil companies can expect

The reality of restarting North Sea oil drilling

The reality of restarting North Sea oil drilling

As the Middle East war drives up oil prices, the UK's main opposition Conservative party is urging the government to restart drilling in the North Sea -- echoing repeated calls from US President Donald Trump. Experts warn, however, that the proposal runs up against geological and economic realities. - Why

US stocks surge on hopes Iran war will end soon

US stocks surge on hopes Iran war will end soon

Wall Street stocks rocketed higher Tuesday while oil prices retreated after Iran's president said his country had the "necessary will" to end the war with the United States and Israel, lifting hopes that a resolution was in site. President Masoud Pezeshkian, in a phone call with

U.S. gas prices hit more than $4 per gallon; Stocks surge on reports on potential end of Iran war

U.S. gas prices hit more than $4 per gallon; Stocks surge on reports on potential end of Iran war

U.S. gasoline prices have surpassed $4 per gallon as the U.S./Israel war with Iran pushes up oil prices. The average national gas price was $4.02 ($4.018) per gallon on Tuesday (March 31), according to AAA’s Fuel Gauge Report. It’s the first time since

Gas prices top $4 for the first time in four years due to Iran conflict

(The Center Square) – Gas prices topped $4 nationally on Tuesday, March 31, according to fuel price trackers Gas Buddy and the AAA motor club. “Gasoline and diesel prices continue to climb to multi-year highs as the effective closure of the Strait of Hormuz curtails the flow of millions of