Wall Street Forecasts Oil in the $50s Next Year
The U.S. shale patch is trimming capital expenditure budgets to preserve cash amid the lower oil prices. American…
Annual US Crude Production Sets New Record in 2024, But Growth Pace Slows: EIA
The United States pumped an all-time high of 13.3 million barrels per day (bpd) of crude oil in…
Brent Near Month High Before Pullback
Energy trading activity remains seasonally thin in the ongoing summer season, with traders turning their focus towards broader…
Oil Rebounds As India Tariffs Prove No Match Against Declining U.S. Crude Stocks
Analysts anticipate a busy holiday weekend of travel in the U.S.: File Image/Pixabay Despite concerns over U.S.…
ADNOC signs 15-year LNG supply deal with IndianOil
ADNOC announced a 15-year Sales and Purchase Agreement (SPA) with Indian Oil Corporation Ltd (IndianOil), India’s largest integrated…
Santos Shares Rise as First-Half Earnings Beat Estimates
(Bloomberg) — Santos Ltd. shares rose after the Australian oil and gas producer reported earnings that beat expectations,…
Macquarie Hires Equinor’s Ravelli as Global Head of LNG
(Bloomberg) — Macquarie Group Ltd. has hired Samuele Ravelli to lead its global LNG trading business as the…
EU Fails in Bid to Add Joint Debt to Key Sovereign Index
(Bloomberg) — Intercontinental Exchange Inc. will not add European Union joint debt to its sovereign bond indexes in…
Treasuries Edge Higher, Asian Shares Rise on Japan: Markets
(Bloomberg) — Treasuries edged up to recover some of their losses from a higher US inflation print, which…
IEA: Record Supply Surge Sets Stage for Oil Stockpile Blowout
Soaring crude oil supply will lead to a record glut later this year and in early 2026 as…
Trump Mulls Sanctions on Russia’s Shadow Fleet Over Ukraine Ceasefire
The Trump administration is reportedly considering new sanctions targeting Russia’s so-called “shadow fleet” of oil tankers if President…
Oil Drops as Markets Digest OPEC+ Supply Decision
Oil prices dropped to their lowest in a week on Monday as markets digested OPEC+’s decision to implement…