Crude Prices Jump on Speculation About New US Sanctions on Russian Oil Exports
August WTI crude oil (CLQ25) on Friday closed up +1.88 (+2.82%), and August RBOB gasoline (RBQ25) closed up…
Oil Steadies as Traders Weigh Trump’s Russia Statement,
(Bloomberg) — Oil steadied after falling more than 2% on Thursday as traders shifted focus toward a planned…
Oil and Gas Pipeline Safety Cases Plunge in First Months of
(Bloomberg) — US regulatory actions to ensure oil and gas pipeline safety have plummeted to a record low…
OPEC+ likely to pause output hikes after next meeting, says Goldman Sachs
(Bloomberg) – The OPEC+ oil producer alliance is likely to make its next hike in collective output its…
Petroleum minister Puri talks to Opec about ensuring balance and predictable global oil market
New Delhi: Union petroleum and natural gas minister Hardeep Singh Puri has spoken to Haitham Al Ghais, the…
Oil to remain dominant in global energy mix by 2050: OPEC
Oil is expected to remain the leading energy source in the global mix by 2050, accounting for a…
Why OPEC+ Is Pumping Fast and Playing Hardball
OPEC+ blindsided oil market participants, again, with a larger-than-expected oil production hike for August. Instead of the…
Kuwait’s KPC eyes market opportunity driven by OPEC+ supply hike
(Bloomberg) — Kuwait’s state energy company said OPEC+’s latest super-sized supply hike and recent interactions with customers suggest…
US energy agency revises up Brent price forecast for 2025
The US Energy Information Administration (EIA) has revised its 2025 Brent crude oil price forecast upward, citing increased…
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…
Oil prices expected to drop below $60 on increasing OPEC+ supply
Wall Street analysts predict oil futures will fall below $60 per barrel by the end of the year…