Baker Hughes exceeds earnings expectations in second quarter
Baker Hughes exceeded Wall Street profit forecasts for the second quarter, driven by strong demand for natural gas…
Petrobras Eyes Return to Retail Fuel Sector to Limit Pump
(Bloomberg) — Petrobras is considering a return to retail fuel sales after President Luiz Inacio Lula da Silva…
Oil Steadies as Traders Weigh Trump’s Russia Statement,
(Bloomberg) — Oil steadied after falling more than 2% on Thursday as traders shifted focus toward a planned…
Oil and Gas Pipeline Safety Cases Plunge in First Months of
(Bloomberg) — US regulatory actions to ensure oil and gas pipeline safety have plummeted to a record low…
Petroleum minister Puri talks to Opec about ensuring balance and predictable global oil market
New Delhi: Union petroleum and natural gas minister Hardeep Singh Puri has spoken to Haitham Al Ghais, the…
Can the Oil Market Absorb OPEC+ Output Hikes?
OPEC+ never fails to surprise speculators and market analysts. This weekend’s meeting to decide August production levels was…
Thailand to Offer US More Trade Concessions to Avert 36%
(Bloomberg) — Thailand is making a last-ditch effort to avert a punitive 36% export levy threatened by the…
Europe Can Cope With Ban on Russian Gas, TotalEnergies CEO
(Bloomberg) — Europe will be able to withstand the proposed ban on Russian gas imports by the European…
Russia’s Discounted Oil No Longer a Bargain for India
The price gap that once made Russian Urals crude a go-to for Indian refiners is rapidly shrinking. Traders…
Trump Dispatches Vance to Hill to Secure GOP Votes for Tax
(Bloomberg) — Vice President JD Vance and Senate Republican leaders worked late Saturday to persuade reluctant holdouts to…
Israel Orders Reopening of Biggest Gas Field After Ceasefire
(Bloomberg) — Israel ordered the resumption of production at its biggest natural gas field following a truce with…
Oil Jumps on Significant Crude, Product Inventory Slide
By Julianne Geiger – Jun 25, 2025, 9:46 AM CDT Crude oil inventories in the United States fell…