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A crude oil refinery in Texas City, Tex.Credit...Bronte Wittpenn for The New York Times

And More July 6, 2022

Oil Prices Could Reach $380 A Barrel If Russia Slashes Production, Warned JPMorgan

Oil prices could soar 240% to $380 a barrel if Russia cut production in response to Western plans to cap…

By Rochdi Rais

Goldman Sachs

And More June 6, 2022

Goldman Sachs Economists Expect Oil Prices To Reach $140 a Barrel This Summer

Goldman Sachs economists forecast oil prices will soar to $140 a barrel this summer, with a drop in Russian production…

By Rochdi Rais

Aramco

Business August 8, 2021

Aramco Hits 300% Increase in 2nd Quarter Profit as the Demand Increase

Aramco the Saudi state oil giant reported a breathtaking 288% increase in net income. The Saudi company transformed its net…

By Rochdi Rais

Oil Rig

Business October 12, 2020

Oils prices slide below $40 after Hurricane Deltat and Libya plans to reopen major wells

Monday kicked off another tough week for oil with prices dipping below $40 per barrel following the destruction caused by…

By Colby McCoy

patrick-hendry-6xeDIZgoPaw-unsplash

Business September 28, 2020

Devon Energy enters into talks with WPX over $6 billion merger deal

Devon Energy Corp (NYSE: DVN) reportedly entered into talks with WPX Energy Inc (NYSE: WPX) over a possible $6 billion…

By Colby McCoy

markus-spiske-o8IfF0RUTTs-unsplash

Business September 2, 2020

Decrease in fuel demand signals economic recovery difficulties

Fuel demand has decreased following a recent surge in fuel consumption throughout the summer, pointing to potential economic recovery challenges.…

By Colby McCoy

markus-spiske-o8IfF0RUTTs-unsplash (1)

USA Herald August 3, 2020

ExxonMobil reports record-breaking losses, cites COVID-19

Earlier this week, ExxonMobil reported its biggest ever quarterly loss, citing the coronavirus pandemic’s chokehold on the oil industry. It…

By Colby McCoy

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