Oil prices are sliding. That's a problem for Saudi Arabia and its Neom megaprojects.
Saudi Arabia is still dependent on oil revenues, so weak crude prices may make it harder to fund its ambitious ventures such as The Line in Neom.
Oil
US stocks plunge for a 3rd day as Trump's tariffs slam global markets
Stock markets posted big losses on Monday as investors fear a global trade war. President Donald Trump has given no sign of backing down on tariffs.
Trump is targeting Venezuela's oil exports, and China is caught in the middle
Countries buying oil and gas from Venezuela would have to pay a 25% tariff to the US if they also trade with America.
BP shares jumped 8% after renowned activist investor Elliott took a stake in the energy giant
Elliott is known for its aggressive activism in the companies it invests in, frequently pushing for rapid and significant change.
Russia is risking non-sanctioned ships to export oil and keep its war economy going
Russia is using non-sanctioned vessels and rerouting others to keep oil exports going, maritime data shows, but risks sanctions on even more ships.
Moscow's oil exports are under pressure as Western sanctions hit Russia's 'shadow fleet'
The "shadow fleet" comprises often aging, uninsured ships that aim to evade sanctions on Russian energy exports.
Trump promised to lower gas prices. His tariffs could have the opposite effect.
One chart shows why US gas prices could spike under Trump's tariff plans.
Solar is likely to be the fastest-growing energy source this year, even as Trump promises a fossil fuel bonanza
"Rising generation from total renewables will cause natural gas generation to decline by 3% in 2025 and by another 1% in 2026," the EIA said.
Trump wants OPEC to bring down oil prices. That could hurt America's booming energy industry.
"You've got to bring down the oil price, you've got to end that war. They should have done it long ago," President Donald Trump said.
Donald Trump is president. Here's what he's already changing.
Trump is now the president again. He has promised a historically busy Inauguration Day.
One of the world's biggest oil companies is cutting thousands of jobs
BP is cutting 4,700 jobs and 3,000 contractor roles as part of a drive to "simplify and focus" the oil giant, it said on Thursday.
Gas prices will fall in the next 2 years as global oil supply outpaces demand, EIA says
US drivers could see lower gas prices this year and next as oil supply outpaces demand. The US will continue to ramp up output from record levels, the EIA said.
Gold is one of the 'least effective' inflation hedges, according to Goldman Sachs. Here are 3 investments that actually protect your portfolio.
Goldman says that despite popular belief, gold won't help your portfolio stave off inflation — and neither will bitcoin or other commodities.
Energy stocks are off to a blockbuster start in 2025 after back-to-back years of underperformance
Energy stocks have surged 5% so far this year, outpacing the S&P 500 index's 1% loss after lagging the market for the last two years.
The US keeps hitting Putin's war chest with energy sanctions. The impact goes beyond Russia.
China and India may seek oil from other regions, while Russia might offer discounts.
The US oil boom shows no signs of stopping as shale execs say they'll ramp up spending in 2025
Nearly 60% of US shale execs said they plan to increase spending next year, according to a new Fed survey.
Cold weather forecasts for January spark a 24% surge in natural gas futures
The price of natural gas is up 176% since its 2024 intra-day low reached in mid-February and up about 90% since its early August lows.
A key pillar of Russia's wartime economy could soon be taking another hit
Oil demand is down while supplies are ample — which allows the US to tighten energy sanctions against Russia without a surge in prices.
The US and other crude producers will take more oil market share from OPEC in the coming years, Bank of America says
The US and other oil-producing nations will account for the bulk of crude supply growth in 2025, Bank of America said.
How toxic century-old oil wells trap thousands of workers in Java
Oil wells from the Dutch colonial era lie scattered across Java, polluting soil and ruining locals' chances at making a living off anything but oil.