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Shares of Energy Stocks Are Trading Lower Amid a Drop in Oil and Natural Gas Prices Following a Decline in Us Q1 GDP, Which Could Weigh on Demand Outlook.
Saudi Arabia claims it has the ability to maintain long-term low oil prices, with international oil prices dropping by 3.79%.
Five sources familiar with the negotiation situation told Reuters that Saudi Arabian officials have recently informed allies and Industry experts that Saudi Arabia has the capacity to maintain long-term low oil prices.
Is Ecopetrol S.A. (EC) a Small-Cap Energy Stock Hedge Funds Are Buying?
Update: WTI Oil Falls With Supply on the Rise as U.S. Tariff Battles Slow Demand
Commodity Prices Set to Tumble as Tariffs Slow Global Economy, World Bank Forecasts
Sector Update: Energy Stocks Decline Premarket Tuesday