Petrochemical News – Crude oil drops 1.5% ahead of anticipated OPEC+ meeting outcome
Crude oil prices declined by around 1.5 percent on Friday, erasing nearly all the gains registered the previous…
Basrah Crude falls ahead of key OPEC+ meeting
2025-05-03T05:34:34+00:00 font Enable Reading Mode A- A A+ Shafaq News/ Basrah crude oil prices slipped on Saturday, tracking…
Chevron Slashes Buybacks as Trump Trade War, OPEC Hit Oil
(Bloomberg) — Chevron Corp. will slash share buybacks this quarter after oil prices have tumbled, indicating that President…
Oil Rebounds But Set for Another Weekly Loss
By Irina Slav – May 02, 2025, 2:00 AM CDT
Oil prices temporarily increased due to reports…
Crude oil prices rise to $62.53 as China evaluates U.S. trade proposal
The United States has approached China to seek talks over Trump’s 145 percent tariffs, and Beijing’s door was…
Oil Price Rout Is Good News for Importers
At the end of April, crude oil prices settled at the lowest in four years. The immediate reason…
Legacy Oil Producers May Define Next Chapter of Global Supply
Global oil markets are entering a pivotal phase as exploration-driven reserve replacement lags. With only a few bright…
Crude Oil Slips as Saudi Arabia Eyes Production Expansion
By Dipo Olowookere The Nigerian Exchange (NGX) Limited spent another day in the territory of the bears on…
OPEC+ plays key role in stabilizing oil markets during global turmoil
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+ played a central role…
Crude oil prices fall to $63.12 amid prospects of stronger supply from OPEC+
Last month, Brent and WTI marked their biggest percentage drops since November 2021 Oil prices extended their decline…
Saudi Signals and Trump Tariffs Are Cracking the Oil Market
Low inventories reported today by the Energy Information Administration (EIA) did nothing to staunch the bleeding, with WTI…
The Role of State-Owned Giants in the Modern Energy Landscape
The global oil industry for much of the 20th century was controlled by a powerful cartel of private…