Climate change tripled recent heat deaths in Europe, scientists say – POLITICO
This climate-induced change in temperatures, the scientists said, led to a surge in excess deaths in those cities.…
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…
Crude oil prices retreat over 0.3 percent to $69.25 as U.S. tariffs, OPEC+ output weigh
U.S. President Trump informed trade partners that higher tariffs would commence on August 1 Oil prices retreated on…
Rompetrol Expands Its Presence in Sofia
Rompetrol Bulgaria, a subsidiary of KMG International Group (Rompetrol) in the region, has recently opened a new fuel…
Swimming in OPEC + supply, drowning in risk
The crude market’s once-familiar script—geopolitical risk props prices, OPEC+ trims the taps, and China soaks up the slack—has…
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…
OPEC+ to ramp up oil output even higher with eye on market share
Saudi Arabia, Russia and six other key members of the OPEC+ alliance on Saturday said they would further…
Pipeline Disruption Slashes Ecuador Output by 133,000 bpd
Ecuador’s state oil company, Petroecuador, has declared force majeure on its operations after both major crude pipelines, SOTE…
Trump Admin Quietly Approves Massive Crude Oil Expansion Project
The Trump administration has quietly fast-tracked a massive oil expansion project that environmentalists and Democratic lawmakers warned could…
Could California start producing more oil? Gov. Newsom is considering
As California prepares for the upcoming closures of two oil refineries, coupled with challenges in the global petroleum…
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…