President Trump met with Brazilian President Luiz Inácio Lula da Silva on Thursday, while the administration extended its trade deadline with the European Union (EU) to July 4. Yahoo Finance Washington Correspondent Ben Werschkul speaks more about what this meeting could mean for US-Brazil relations and the latest news about Trump's 25% tariffs against EU cars.

US equity indexes rose this week as quarterly earnings showed the benign effect of artificial intell

Reports surfaced at the beginning of this month that BP (NYSE: BP) is weighing a sale of all or part of its U.K. North Sea operations, potentially worth around £2 billion. This is the first major strategic move under CEO Meg O’Neill, who took over on April 1, 2026. The question now is whether BP ... Is BP Cleaning House to Stay Independent or Setting Itself Up to Be Bought?

Crude shortages could worsen as conflict drags on

SHEL tops Q1 EPS estimates on trading and optimization strength, but revenues miss as working-capital swings hit cash flow.

Wall Street spent the past several weeks gaming out a scenario most investors hoped would never happen: what if the Iran conflict spiraled into a full-scale energy shock? Oil traders, hedge funds, and economists weren’t debating whether prices would rise — they were debating how high. President Trump’s comments this week showed just how serious ... Trump Admits “I Expected Oil to Hit $200” Over Iran— Here’s How Close Investors Came to Disaster

Major institutions, including Goldman Sachs and executives from TotalEnergies and ExxonMobil, say commercial inventories are approaching critically low levels, especially for refined fuels like gasoline and jet fuel.

Argus analyst Bill Selesky raised his price target on Exxon Mobil (NYSE:XOM) stock to $169 from $166, maintaining a Buy rating after the integrated major posted a Q1 2026 earnings beat. The firm pointed to expected higher production rates in 2026 from both Permian and Guyana assets as the centerpiece of its bullish thesis. The ... Argus Hikes Exxon Mobil Price Target to $169 as Permian, Guyana Production Power 2026

Moby summary of Texas Pacific Land Corporation's Q1 2026 earnings call