Basrah crude rises as OPEC prices dip in September
2025-10-14T08:35:20+00:00 font Enable Reading Mode A- A A+ Shafaq News – Baghdad Iraq’s Basrah Medium crude climbed to…
Kuwait finds natural gas in third offshore discovery
Kuwait Oil Company said on Monday it made its third offshore discovery with production capacity of more than…
US gas prices on brink of falling below $3 as oil plunges
BALTIMORE, MD—The national average price of gasoline is nearing the $2.99 per gallon mark, a threshold not sustained…
Russian oil output continued to rise in September, OPEC data shows
MOSCOW (Reuters) -Russian oil production rose in September to 9.321 million barrels per day, up 148,000 bpd from…
Trump tariff threat pushes oil to five-month low
(Corrects Brent’s settlement at lowest since May 7, not May 5, in paragraph 3) By Erwin Seba HOUSTON…
Analysts Say China’s Stockbuilding, OPEC+ Stability Providing Market Floor
Oil prices edged higher over the past week, after a bullish OPEC+ move while expanding strategic oil stocks…
Crude Check: Retain Short Positions
Crude oil prices were down for a second week in a row. Brent crude oil futures on the Intercontinental…
US Ends LNG Ship Penalty, Sets Tariffs in Escalating Feud
(Bloomberg) — The Trump administration scrapped penalties for US liquefied natural gas companies that were set to take…
Asia eyes cheaper oil as Israel-Hamas ceasefire kindles hope for calm
In the wake of a landmark ceasefire deal between Israel and Hamas, the world’s oil traders are watching…
Anwar Aims to Cut Malaysia Deficit as Oil Revenue Wanes
(Bloomberg) — Malaysian Prime Minister Anwar Ibrahim plans to cut more subsidies and improve tax collection to narrow…
Kyiv Power Cut as Russia Steps Up Attacks on Ukraine’s
(Bloomberg) — Russia hit Kyiv with a massive drone and missile attack that left parts of the capital…
Australia’s Coal State Reverses Plan to Close Power Plants
(Bloomberg) — Queensland, the Australian state that exports about one-eighth of the world’s coal, has said it plans…