OilPrices

Liberty Oil Predicts Stable U.S. Oil Activity Amid Price Resilience Above $60

4 days ago

In a recent announcement, Liberty Oilfield Services has expressed confidence in the stability of U.S. oil extraction activities, attributing this outlook to the current prices remaining firmly above the $60 per barrel threshold. The energy sector has shown signs of maintaining its momentum as increasing demand couples with steady production levels.

Dubai's Thriving Property Market Faces New Challenges Amidst Oil Price Drops and International Tensions

9 days ago

In a significant turn of events for Dubai's once-booming property market, recent reports indicate that the sector is starting to experience pressure as oil prices decline along with rising concerns over international trade tariffs spearheaded by the Trump administration. This shift poses a dual threat to the real estate market, which has been a cornerstone of Dubai's rapidly growing economy.

Texas Oil Wildcatters Express Frustration with Trump Amidst Falling Oil Prices

13 days ago

In recent developments, Texas oil wildcatters are growing increasingly impatient with former President Donald Trump's approach amid a significant decline in oil prices. As the global market grapples with volatility, those involved in the drilling and extraction industries are looking for support and guidance that they believe is lacking in the current political landscape.

Brazil's Offshore Oil Sector Faces Major Setback Due to Regulatory Crackdown

2 months ago

In a significant development for Brazil's booming offshore oil industry, regulatory authorities have intensified their scrutiny of drilling operations, leading to a wave of disruptions that could have extensive repercussions for the sector. This move, motivated by environmental concerns and safety standards, comes at a time when Brazil has been striving to bolster its position as a leading player in the global oil market.

ExxonMobil Surpasses Earnings Expectations Amidst Declining Oil Prices

3 months ago

In a remarkable financial performance, ExxonMobil reported earnings that exceeded analysts' expectations on January 31, 2025. This surge in profitability can be attributed significantly to a notable increase in production levels even as the global oil market grapples with decreased prices. The company's resilient operational strategies and cost management have enabled it to thrive despite the prevailing market challenges.