Oil stocks tumbled on Tuesday, with both ExxonMobil (NYSE: XOM) and ConocoPhillips (NYSE: COP) shares sliding 2.8%, and Shell (NYSE: SHEL) falling 3.2% through 10:10 a.m. ET. After strengthening to a ...
Anglo-Dutch supermajor Shell has temporarily halted production at its Perdido asset in the US Gulf of Mexico after ExxonMobil shut in its Hoover Offshore Oil Pipeline System (HOOPS) because of a ...
Oil prices are down about 9% from their highs of last week, including a 4.5% tumble this morning. The International Energy Agency just warned that oil demand will end this year weaker than predicted, ...
Continued worries over the effects of a production boost at OPEC+ hurt crude oil prices on Thursday. Additionally, China's economy looks weaker than at any time in the last six months, implying weak ...
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