The poster child for the possible beginning of the end of OPEC came in late April when the United Arab Emirates (UAE) announced it would quit OPEC and OPEC+ on May 1. The price of gasoline is set to drop as the Organization of Petroleum Exporting Countries (OPEC) appears poised to collapse, experts predict. OPEC has long kept crude oil prices higher than they would otherwise be. If this pans out, it will be a major victory for the Trump administration, which is resetting global energy markets. The news of a ...

Oil and gas production won't rebound quickly even if the Iran war ends soon. Why Devon Energy, Baker Hughes, and other stocks can weather the storm. ...

1. Permian Resources: An operator that keeps lowering its breakeven Permian Resources (NYSE: PR) has turned into one of the most efficient shale operators in the country. In its first-quarter 2026 update, the company reported record oil production of roughly 192,300 barrels per day. It lowered drilling and completion costs to about $685 per lateral foot, a 6% reduction versus 2025's average. Management raised the midpoint of full-year oil production guidance by 3,500 barrels per day while keeping its capita ...

U.S. energy firms this week added oil and natural gas rigs for a fourth week in a row for the first time since September 2025, energy services firm Baker Hughes said in its closely fol... ...

The S&P 500 and NASDAQ are sitting near record highs, but my next guest says investors may be looking in the wrong places for the next big opportunities. Matthew Tuttle is CEO and CIO of Tuttle Capital Management joins us now. Matthew, great to have you back.>> Hey, thank you very much for having me. >> So, let's get right into it. What are the wrong places and where are the right ones, Matthew.Yeah, the wrong places are the same old trades that people have been doing over the past couple of years. Nvidia a ...

Presidio Production NYSE: FTW used its first-quarter 2026 earnings call to outline its dividend-focused acquisition strategy, explain why management views the quarter as not representative of future results, and highlight plans to expand through producing asset acquisitions while applying operational technology to increase cash flow. Co-CEO Will Ulrich said Presidio's strategy is centered on acquiring long-life, low-decline producing oil and gas assets, improving cash flows and returning capital through a f ...

In Power, following Enerwave consolidation, the newly integrated electricity and gas platform contributed €38m in 1Q26 Adjusted EBITDA, in line with HELLENiQ ENERGY's strategic portfolio diversification plan. 1Q26 Reported Net Income reached €284m (1Q25 at €11m), primarily due to inventory valuation impact on increasing international crude oil prices, offsetting part of the respective inventory losses recorded in 2025. Main developments Since late February 2026, the crisis in the Strait of Hormuz has caused ...

BP plans to dismantle its pipeline gas trading team, as the oil major focuses on expanding its liquefied natural gas (LNG) trading, two sources familiar with the matter said. ...

With its recent rally, shares of oil giant Exxon Mobil now yield 2.7%, the lowest since 2014, and just a touch higher than what dating site Match Group pays its shareholders. So what do you do now if you own shares for income purposes? Turn to options. Exxon currently presents a compelling case for a "buy-write with a twist" — otherwise known as a covered call spread. This strategy allows investors to collect premium income while retaining a window for capital appreciation, a necessary feature when a stock ...

Oil prices surged $7 this week as Iran tensions, Hormuz risks, and weak signals from the Xi-Trump summit overshadow bearish OPEC and IEA demand forecasts. | | Price | Change | %Change | Contract | | --- | --- | --- | --- | --- | | WTI | 104.76 | +3.59 | +3.55% | JUN 2026 | | Brent | 108.92 | +3.20 | +3.03% | JUL 2026 | | Murban | 107.32 | +2.62 | +2.50% | JUL 2026 | | Natural Gas (Nymex) | 2.956 | +0.062 | +2.14% | JUN 2026 | | | Change from | 05/08/26 05/01/26 | | 04/24/26 04/17/26 04/10/26 04/03/26 | | | ...