Lower fuel costs could create savings for consumers, but economic threats posed by tariffs still a concern, a local economist said.

U.S. oil prices fell to $57 a barrel after the OPEC Plus cartel said this weekend that it would pump more oil.

Most stock markets in the Gulf ended lower on Monday, pressured by falling oil prices and investor caution ahead of developments in U.S.-China trade relations.

U.S. onshore oil production has likely peaked and will start to decline due to the recent plunge in crude prices, jeopardizing the nation’s position as the world’s largest fossil fuel producer and its energy security,

The head of the largest independent oil producer in the Permian Basin predicts US shale production has peaked and will likely decline from here as oil prices hover near four-year lows. "We have a very good view of what the US looks like.

We’re a little over 100 days into this new administration and, ‘Good Lord.' There’s been a tremendous amount of volatility introduced."