Sub-$70 oil is squeezing margins, forcing Exxon, Chevron, and BP to rethink $100 billion in annual returns. Dividends to Dry Up as Sub-$70 Crude Squeezes Supermajors - Amidst fears of oversupply and tariff-impacted demand slowdown, global oil majors are widely expected to start cutting their shareholder payouts as sub-70 oil prices loom large over the horizon. - Most majors need oil prices above $80 per barrel to sustain current levels of dividends and share buybacks, with France’s TotalEnergies alrea ...

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November WTI crude oil (CLX25) on Tuesday closed down -1.08 (-1.70%), and November RBOB gasoline (RBX25) closed down -0.0194 (-1.00%). Crude oil and gasoline prices retreated on Tuesday, posting one-week lows.   Crude prices fell for a second consecutive day on Tuesday, driven by concerns about a global supply glut as OPEC+ is set to increase its crude production levels.   Tuesday's weaker dollar (DXY00) limited losses in crude. More News from Barchart Crude prices are being weighed down by the outlook ...