Exxon Looks to Ditch New Jersey Incorporation for Texas Homecoming

Summary Exxon is latest high-profile company moving to Texas for business-friendly environment New Jersey sued Exxon and others over climate change; suit dismissed Incorporation in Texas may aid ​Exxon in…

Oil Sinks 7% as Trump Predicts Middle East De-Escalation

Summary Oil prices fall after topping $119 a barrel on Monday Trump predicted the war in the Middle East could be over soon G7 ready to act on oil surge…

Market Spinning After ‘Most Epic Price Reversal in Oil History’

The market is spinning after the most epic price reversal in oil history, Phil Flynn, a senior market analyst at the PRICE Futures Group, told Rigzone on Tuesday. “Rising hopes…

Iran Warns No Oil Will Leave the Middle East Until U.S. and Israeli Attacks Stop

Iran has warned that “not a litre” of oil will be exported from the Middle East until the United States and Israel stop bombing it. The warning comes on the…

Saudi Aramco Profits Fall 12% to $104.7 Billion as Oil Prices Weigh

Saudi Aramco reported net profits of $104.7 billion for 2025, down by 12% on the year amid persistently low oil prices last year. The company also said it would buy…

China Boosted Oil Imports Nearly 16% in Early 2026

Crude oil imports into China climbed 15.8% over the first two months of the year, with the information likely to continue to a reversal of the recent decline in oil…