Crude oil prices moved lower on Thursday on the prospect of a peace deal for Ukraine, following a statement by President Donald Trump who said the presidents of both Russia and Ukraine had separately expressed a willingness to reach a peace deal.
Chevron will lay off 15% to 20% of its global workforce by the end of 2026, the U.S. oil company said on Wednesday as it seeks to cut costs, simplify its business, and complete a major acquisition.
Curious Minds Corner
What is the name of the first commercial oil well in the United States, and where was it located?
The Drake Well, located in Titusville, Pennsylvania.