Russian central bank sees chance of prolonged low oil price cycle
Russia’s central bank has warned the Kremlin’s policy makers the United States and OPEC have the capacity to flood the oil market and cause a repeat of the prolonged price collapse of the 1980s – which...
View ArticleOil prices ease despite Trump warning of possible tariffs on Russian buyers
Oil prices eased on Monday and headed for a modest quarterly loss, despite a warning from U.S. President Donald Trump that he may impose secondary tariffs on buyers of Russian oil if he feels Moscow is...
View ArticlePetroChina reports record 2024 net income on higher production
PetroChina 601857, 601857, Asia’s largest oil and gas producer, on Sunday said annual net profit rose 2% to a record high, as moderately higher production helped to offset lower oil prices. Its net...
View ArticleIndia Anchored To Hydrocarbon Imports As Forecast Production Falls Short Of...
India continues to reign as the world’s third-largest energy consumer, and by 2030 the IEA forecasts gas demand of 103bcm per annum, up 60% on 2023 levels. Liquid demand is also trending upwards, with...
View ArticleUS to revoke authorizations to foreign partners of Venezuela’s PDVSA, sources...
The U.S. government has notified foreign partners of Venezuela’s state oil company PDVSA of the imminent cancellation of authorizations that allow them to export Venezuelan oil and byproducts, sources...
View ArticleUS oil production fell to an 11-month low in January, EIA data shows
U.S. crude oil production fell by 305,000-barrels-per-day (bpd) to 13.15 million bpd in January, the lowest since February 2024, data from the U.S. Energy Information Administration showed on Monday....
View ArticleTrump’s Russian oil tariff threat doesn’t faze traders who suspect bluff
U.S. President Donald Trump’s threat to hit buyers of Russian oil with tariffs had a limited impact on oil markets on Monday, as traders tried to determine how far the White House could go after...
View ArticlePresident Trump’s inflation fight could put pressure on oil
Chris Wright, the US energy secretary, last week explained President Donald Trump’s economic priorities. “He got elected to lower prices for American consumers,” Wright told Bloomberg TV. “You think...
View ArticleTrump’s Russia oil tariff threat depends on China, India reaction
U.S. President Donald Trump’s threat to impose secondary tariffs of 25% to 50% on buyers of Russian crude oil is just crazy and bold enough to perhaps achieve his stated aim of a ceasefire in Ukraine....
View ArticleTrump threat on Russia oil cannot be dismissed – UBS CIO
Over the weekend, U.S. President Donald Trump threatened tariffs on Russian oil if Moscow blocks a Ukraine deal, and today oil markets are waiting to see if that threat is a bluff. UBS wealth...
View ArticleCHINA DATA: Crude throughput set to decline in March-April amid maintenance
The crude throughput at China’s refineries is expected to decline in both March and April, with the peak maintenance season kicking off in the second half of March, data from Platts showed March 31,...
View ArticleSofter demand outlook to weigh on oil, OPEC+ walks a tightrope
Oil prices are set to remain under pressure in 2025 as U.S. tariffs and slowing economic growth in India and China weigh on demand, while OPEC+ pushes forward with plans to increase output, a Reuters...
View ArticleThe Commodities Feed: Secondary tariff threats push oil higher
Energy – Secondary tariff threat Oil prices rose yesterday amid growing threats to oil supplies. ICE Brent settled almost 2.8% higher after with President Trump threatened secondary tariffs on Russia...
View ArticleKazakhstan’s oil and condensate production hits record in March, sources say
Kazakhstan’s oil and condensate output reached a record high in March, with higher output from the giant Tengiz oilfield and stable exports via the Caspian pipeline, further exceeding OPEC+ production...
View ArticleMiddle East Crude-Oman, Murban rise, Dubai eases from weekly gain
Middle East crude benchmark spot premiums of Oman and Murban rose on Tuesday, while Dubai slipped after a weekly gain. Oil prices steadied near five-week highs on Tuesday as threats by U.S. President...
View ArticleBrent oil price to fall to $65-$75 per barrel in 2025, CNPC affiliate says
Brent oil price will fall to a range of $65-$75 per barrel this year, down from the 2024 average of $79 per barrel amid a global economic slowdown, a think tank affliated with state energy company...
View ArticleOil markets take risky bet on Trump’s threats on Russia, Iran: Bousso
Oil diplomacy could become a hallmark of Donald Trump’s second term in office, if the last few weeks are any guide, but energy markets have mostly shrugged off his recent whirlwind of threats against...
View ArticleOPEC+ members to meet Thursday, likely to stick to planned output hikes,...
OPEC+ ministers from eight nations that are gradually raising oil output will meet on Thursday and are likely to approve a further hike in production from May, sources from the producer group told...
View ArticleOil markets take risky bet on Trump’s threats on Russia, Iran
Oil diplomacy could become a hallmark of Donald Trump’s second term in office, if the last few weeks are any guide, but energy markets have mostly shrugged off his recent whirlwind of threats against...
View ArticleBrazilian fossil fuel demand to remain high amid energy transition
Brazilian demand for fossil fuels is expected to remain robust in the coming years, as the transition to renewables becomes more critical because of climate change, but still faces infrastructure and...
View Article