IEA Doubles Down On Peak Oil Demand Forecast
A peak in global oil demand is still on the horizon, the International Energy Agency (IEA) said on…
Oil soars more than 9% after Israel strikes Iran, rattling investors
By Florence Tan and Sam Li (Reuters) -Oil prices surged more than 9% on Friday, hitting their highest…
OPEC+ Bets on Summer Demand as Q4 Glut Looms
The OPEC+ group was likely betting on robust demand during the peak summer driving season when it decided…
Oil Bulls Bite Back as Prices Defy Expectations
OPEC+ did what everyone expected it to do last weekend, announcing another production ramp-up. Prices, however, did something…
EIA Paints Bearish Picture for Oil Market With Record Supply, Low Demand
U.S. crude oil production surged to an all-time high in March, reaching 13.488 million barrels per day, according…
Brent Nears $65 on Renewed Trade Optimism
Oil prices climbed on optimism over eased U.S.-China trade tensions, with ICE Brent nearing $65 per barrel by…
Saudi Aramco Slashes Dividend | OilPrice.com
Saudi Aramco, the biggest oil company in the world, largely owned by the Saudi state, slashed its dividend…
US oil prices drop more than $1 as inventory build raises oversupply fear
By Yuka Obayashi TOKYO (Reuters) – U.S. crude futures declined more than $1 in early trade on Thursday…
Halliburton, Schlumberger Brace for the Next Oil Slump
U.S. oilfield service majors had a good run after the pandemic lockdowns ended. Demand for oil rebounded strongly,…
Is Shell Sizing Up Oil’s Biggest Power Grab Yet?
BP’s weak first-quarter results and stock underperformance over the past year rekindled speculation that the UK-based supermajor could…
Tight Now, Loose Later: Oil Futures Flash Warning
Last week, OPEC+ announced it will once again accelerate the pace of unwinding of production cuts, with output…
StanChart Cuts 2025 Oil Price Forecast By $16/bbl Amid Trump’s Tariffs
Previously, we reported that commodity analysts at Standard Chartered were bullish on oil prices in the current year,…