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…
OPEC Crude Tanker Loadings Surge 24% as Production Cuts Unwind
OPEC countries have recorded their highest weekly crude tanker loadings since April 2023, with a significant 24% week-on-week…
European Banks With Russian Units Help Keep Natural Gas
(Bloomberg) — Western banks including Raiffeisen Bank International AG that still operate units in Russia are helping some…
OPEC Chief Claims Oil Demand Growth Is Here to Stay
Crude oil demand will continue growing over the coming decades as the world’s population increases, the secretary-general of…
Crude Oil Price Drop Sta
A new crude-for-loan deal between the Federal Government and Saudi Arabian oil company Aramco, worth $5bn, has stalled…
Crude oil prices climb above $67.2 as U.S.-China trade talks show promise
U.S. President Trump reported positive updates from London, enhancing hopes for a trade deal Oil prices increased on…
OPEC Oil Production Fell Short of OPEC+ Target in May
OPEC’s crude oil production in May increased less than called for in the OPEC+ agreement which had a…
Iraq’s Economy on Edge Due to High Oil Income Dependence
Iraq is on the brink of an economic breakdown as OPEC’s second-largest producer continues to rely mostly on…
Morgan Stanley: OPEC+ Fails to Deliver on Output Pledge
The 411,000 barrels daily that OPEC+ said it would add to oil production in May have not materialized,…
Crude Check: Breakout Hints At Trend Shift
Crude oil prices saw a notable rise last week. Brent crude oil futures on the Intercontinental Exchange (ICE) ($66.50/barrel)…
Taiwan Official Discusses US Energy Cooperation at Alaska
(Bloomberg) — Taiwan’s top presidential aide discussed energy cooperation with US officials at a summit this week in…
Stocks Climb After Jobs Report Amid US-China Hopes: Markets
(Bloomberg) — Stocks headed toward their highest since February and bond yields rose as jobs data allayed concerns…