Saturday, July 5, 2025

Creating liberating content

Ayurveda, the ancient Indian system of medicine, isn’t just for

NEW DELHI: India on Friday proposed imposing of retaliatory duties

NEW DELHI: Fair trade regulator CCI has directed Aditya Birla

Gold rose – putting it on track for a 2%

Related News

Ayurveda, the ancient Indian system of medicine, isn’t just for adults. Almost everyone in the world right now is stressed, and children are no different. The new age kids of

NEW DELHI: India on Friday proposed imposing of retaliatory duties under WTO norms against the US tariffs on imports of auto parts in the name of safeguard measures.“The proposed suspension

NEW DELHI: Fair trade regulator CCI has directed Aditya Birla firm UltraTech, which now owns south-based cement firm India Cements, along with two other makers and their executives to submit

Gold rose – putting it on track for a 2% weekly gain – as President Donald Trump said some US trading partners would face tariffs from Aug 1. Bullion rose

Smack dab in the Great Salt Lake, Antelope Island sounds like a fantasy setting, and it sort of is. Bison, bighorn sheep, pronghorn antelope (surprise!), and coyotes roam the stark,

Nirmala Sitharaman (File photo) NEW DELHI: Finance minister Nirmala Sitharaman on Friday stressed the need for decisive collective action by the Global South to deal with multiple uncertainties arising out

Trending News

NEW DELHI: Fair trade regulator CCI has directed Aditya Birla firm UltraTech, which now owns south-based cement firm India Cements, along with two other makers and their executives to submit

CHENNAI: A weak rupee was among the reasons that made foreign currency deposits attractive for NRIs. The net inflow under foreign currency non-resident (B) accounts increased by 11% to $7.1

The free trade agreement between India and the European Free Trade Association (EFTA) is likely to be implemented in the next couple of months, Commerce and Industry Minister Piyush Goyal

India’s Competition watchdog, the Competition Commission of India (CCI) has directed UltraTech Cement — which now controls India Cements — along with Dalmia Bharat and Shree Digvijay Cement, to furnish

Gold rate today: Gold prices declined sharply by Rs 600 to Rs 99,020 per 10 grams in Delhi on Friday, driven by fresh selling from stockists and a stronger US

India has informed the WTO’s Council for Trade in Goods regarding its intended suspension of concessions. (AI image) India has proposed retaliatory tariffs on Friday against the United States at

Trump ‘drill’ agenda could cut profits, test oil producers

Word Count: 413 | Estimated Reading Time: 3 minutes


President Donald Trump is urging oil producers to “drill, baby, drill.” U.S. oil and gas investors may not be on board with the plan.

“Right now, with low oil prices, I think we’re going to start to see a lot of companies starting to pare back on their capital spending,” said Clark Williams-Derry, an energy finance analyst at the Institute for Energy Economics and Financial Analysis.  

The U.S. is already producing more crude oil than any other nation in history. In December 2024, U.S. oil and gas firms produced more than 13.49 million barrels of crude per day. That’s an all-time high rate of production, according to U.S. Energy Information Administration records.  

High rates of production tend to lower prices, which benefits consumers. But if prices drop too far, affecting producers’ profits, they may stop drilling.    

Most Americans see oil prices reflected in the price they pay per gallon at gas stations. The retail price of gasoline fluctuates based on seasonal trends and other factors. On March 24, 2025, the nationwide average price of regular unleaded gasoline was about $3.10 per gallon, according to GasBuddy data. That is far below the highest-ever nationwide average price of over $5 per gallon, in June 2022, according to GasBuddy data.  

U.S. gasoline prices are expected to fall by 11 cents in 2025 and 19 cents in 2026, according to U.S. Energy Information Administration forecasts.

According to the EIA, crude oil prices in the U.S. accounted for about 52.6% of the average retail price of gasoline in 2023, the most recent data available.

The future trajectory of crude oil prices is a key concern for investors in the oil and gas industry.  

On March 24, 2025, the spot price of the U.S. benchmark for crude oil, West Texas Intermediate, was hovering below $70 a barrel. Analysts at S&P Global Commodity Insights expect WTI to average $66 per barrel in 2025.  

Stock Chart IconStock chart icon

hide content

Crude oil prices, January 2025 to today.

Lower prices for oil affect the profitability of oil and gas businesses, which must sell on global markets.

Producers surveyed by the Federal Reserve Bank of Dallas in March 2024 reported they would need to sell oil at “breakeven” prices of about $64 a barrel in order to make a profit from drilling new wells.

“This is a real challenge to get oil prices at a level that producers are comfortable with, but also that consumers can live with,” said Williams-Derry.    

Watch the video above to learn more about Trump’s second-term energy policies



Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account