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,…
WTI Stuck Below $60 as EIA Confirms Crude, Gasoline Draws
By Julianne Geiger – Apr 30, 2025, 9:38 AM CDT Crude oil inventories in the United States saw…
Canada’s Energy Players Boost Gas Business Amid Oil Price Rout
Canadian energy producers are focusing more on natural gas as oil prices suffer the combined effects of the…
Large Product Draws Arrest Oil Price Slide
By Julianne Geiger – Apr 23, 2025, 9:48 AM CDT Crude oil inventories in the United States saw…