Oil Prices Rise $1 After OPEC+ Holds Output Steady Crude oil prices moved higher on Monday after OPEC+ leaders reaffirmed their plan to hold oil output steady through the first quarter of 2026. The decision renewed concerns about global supply, even as analysts continued to warn about too much oil on the market. West Texas …
Tag: OPEC
Oil exec fears of layoffs caused by OPEC+ production
The president of a Texas oil company warns of layoffs and a potential slowdown in drilling next year as OPEC+ producers flood the market and drive down prices. With the clock ticking as 2026 is weeks away, not all oil companies will be walking into the new year optimistic. “I think what [oil …
Oil Prices Slip on Renewed Fears of Too Much Global Supply
Oil Prices dip on global glut anxiety The nagging worry about a possible oil glut across the world sent crude Oil Prices slipping a little in Thursday’s trading. However, traders warn that repeated drift lower reflects structural supply discomfort rather than a single-session sentiment swing. Oklahoma Energy analysts continue to monitor OPEC+ supply discipline closely …
Crude oil finished down while natural gas rose Tuesday
Oil Prices slide on macro pressure While crude Oil Prices dropped Tuesday and natural gas prices rose, Oklahoma Energy stocks suffered with a majority recording losses for the day. However, the market reacted to two major causes that influenced pricing behavior. Weaker manufacturing numbers hit sentiment. Additionally, the stronger dollar immediately pressured crude valuations globally …
Oil Prices Hold Steady as OPEC+ Plans Q1 Pause
Oil Prices stabilize as OPEC+ signals strategic supply management Oil Prices held steady on Monday as the market balanced the latest OPEC+ supply increase with the group’s plans to pause output increases in the first quarter of 2026 along with fears of an oil supply glut and weak factory data in Asia. However, markets reacted …
Oil Prices Rise as U.S. Crude Inventories Drop
Oil Prices Strengthen After EIA Reports Big Inventory Decline Oil prices rose on Wednesday after data revealed that U.S. crude and fuel inventories fell more than expected last week. The surprising drawdown came as President Donald Trump’s positive outlook on upcoming U.S.–China trade talks helped ease economic concerns. Brent crude futures climbed 52 cents, or …
U.S. Gas Prices Dip Below $3, Then Rebound After Tariffs
National Average Gasoline Price Trends For the first time in years, U.S. gasoline prices dropped below $3 per gallon, marking a significant milestone for consumers and analysts tracking global energy markets. The brief dip reflected OPEC+ decisions to return more oil to the market and a period of weaker global demand, both of which contributed …
Energy Fuels Drop as Crude Oil and Natural Gas Prices Fall
Oklahoma energy market reacts to oil and gas price declines A sharp drop in energy fuels on Tuesday marked another difficult day for the crude oil and natural gas markets, as both commodities continued a three-day slide. Crude oil prices fell nearly 2%, and natural gas prices dropped more than 4%, signaling growing market unease …
OPEC Plans Send Oil Prices Lower as Gas Prices Rise
OPEC Plans Send Oil Prices Lower as Gas Prices Rise Plans by OPEC to raise oil output sent crude prices slightly lower on Monday, while natural gas jumped more than 4%. Oklahoma analysts say the shift could influence local producers heading into winter. OPEC Meeting Sends Mixed Signals Investor optimism over a possible U.S.–China trade …
Energy Brief: Automakers Drop EV Credits, BLM Boosts Permits
EV Tax Credits Pulled Back Ford and General Motors have officially withdrawn their plans to continue offering the $7,500 federal electric vehicle tax rebate, ending months of uncertainty for EV buyers. Both automakers had explored legal workarounds to extend the incentive after Congress killed the program in late September, but the companies now confirm they …