Saudis Warn Of More Crude Oil Supply Unless OPEC+ Cheats Fall In Line
OPEC+ leader Saudi Arabia warned the group’s overproducing members it could amplify a historic shift in policy and…
Shell Is Studying Merits of BP Deal as Rival’s Stock Slumps
(Bloomberg) — Shell Plc is working with advisers to evaluate a potential acquisition of BP Plc, though it’s…
Germany’s Red Tape Creates a Berlin-Sized Hole in Energy
(Bloomberg) — Nestled along the banks of the Neckar River in southwest Germany, the bucolic university town of…
OPEC+ Stuns Market With Larger Than Expected Output Hike
Crude oil markets took a fresh hit this weekend after OPEC+ stunned traders by announcing a larger-than-expected output…
OPEC+ members fast-track oil supply increase
Eight OPEC+ nations — Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman — will boost…
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…