Oil Jumps as Trump Pushes Europe to Stop All Russian Energy Purchases
Oil prices rallied on Tuesday morning as Russia’s supply disruption concerns and the delays in restarting exports from…
Chronic Oil Volatility Becomes Oil’s New Normal
As the IEA is about to revise its peak oil demand scenario radically, the global oil market is…
Saudi Crude Sales to China Set for October Jump amid Deep Price Cut
Saudi Arabia’s crude shipments to China are expected to rebound in October to a level with the August…
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…
Potential imbalance in oil demand and supply on the cards
With data showing the availability of proven reserves for only 14 years of current production, Rystad Energy, an…
Asia Faces Zero Growth in Demand For Petroleum Products
Earlier this week, China’s Sinopec reported a plunge in its first-half profit, citing subdued fuel demand as a…
Why South Korea’s Pledge to Buy More US Oil May Be Mission Impossible
South Korea, one of America’s top-10 trading partners, has become one of the most high-profile targets of Washington’s…
The Feared Global Oil Glut Is Not Here, Yet
Global crude oil exports continue to hold strong and above the latest ten-year seasonal average. Demand, however, is…
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…
Oil Majors Beat Back $4.2 Billion Fine in Kazakhstan
A Kazakh appellate court has sided with the international oil majors operating the Kashagan oilfield, overturning a massive…
Exxon Mobil Borrows From SPR Due to Mars Crude Quality Issues
As Trump officials signal plans to refill the Strategic Petroleum Reserve (SPR)—drained under the Biden-Harris regime—a new report…
OPEC+ likely to pause output hikes after next meeting, says Goldman Sachs
(Bloomberg) – The OPEC+ oil producer alliance is likely to make its next hike in collective output its…