Middle 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 ArticleUS oil production fell to 11-month low in January, data shows
U.S. crude oil production fell by 305,000 barrels per day to 13.15 million bpd in January, the lowest level since February 2024, data from the U.S. Energy Information Administration showed. That was...
View ArticleChina’s oil consumption to tick up 1.1% in 2025, CNPC think tank says
China’s oil consumption will rise 1.1% in 2025 to 765 million metric tons amid better than expected economic growth and increasing demand for petrochemicals, a think tank affiliated with state energy...
View ArticleU.S. crude oil inventories up last week: API
The American Petroleum Institute (API) on Tuesday reported an increase of 6.037 million barrels of crude oil in U.S. inventories for the week ending March 28. The API reported a decline of 4.600...
View ArticleAsia outshines Europe and US in 2025 energy transition momentum
The year is still young, but Asia has already built up a considerable lead over several European countries and the United States in terms of energy transition progress so far in 2025. Large Asian...
View ArticleOil steadies as market awaits fresh US tariffs
Oil prices were little changed on Wednesday as traders remained cautious ahead of U.S. tariffs due to be announced at 2000 GMT, fearing they could exacerbate a global trade war and dampen demand for...
View ArticleOPEC: What does ‘green’ really mean?
Some energy sources get called green. Such a term or slogan can obscure energy realities. It is important we explore what green actually means. If green means no greenhouse gases emissions, then the...
View ArticleSinopec Discovers Record Amounts of Shale Oil in Its East China Shengli Oilfield
China Petroleum & Chemical Corporation’s (HKG: 0386, “Sinopec” or “the Company”) announced the discovery of over 140 million tonnes of proven geological reserves of shale oil with technically...
View ArticleUS crude inventories rise as imports jump ahead of new tariffs, EIA says
U.S. crude oil stockpiles rose sharply last week as refinery utilization declined and imports rose and the market braced for new tariffs from the Trump administration, the Energy Information...
View ArticleUS crude and distillate inventories rise, gasoline stocks fall, EIA says
U.S. crude oil and distillate inventories rose while gasoline inventories fell last week, the Energy Information Administration said on Wednesday. Crude inventories rose by 6.2 million barrels to 439.8...
View ArticleOPEC+ to discuss Kazakhstan output at Thursday’s meeting, sources say
Eight OPEC+ countries meeting on Thursday will focus debates on how to convince Kazakhstan to stop exceeding its output quota and its plans to compensate for overproduction as the group steps up...
View ArticleU.S. natural gas consumption set new winter and summer monthly records in 2024
In 2024, U.S. natural gas consumption averaged a record 90.3 billion cubic feet per day (Bcf/d) and set new winter and summer monthly records in January and July, according to data in our Natural Gas...
View ArticleUS oil producers face new challenges as top oilfield flags
U.S. oil producers are grappling with geological limits to production growth as the country’s top oilfield ages and produces more water and gas and less oil – and may be nearing peak output. The...
View ArticleOil, copper slide as Trump tariffs rattle markets; gold hits record high
Commodities including oil, copper and agricultural products fell on Thursday as U.S. President Donald Trump’s aggressive tariffs on key trading partners fuelled fears of a global recession, while...
View ArticleMiddle East Crude-Benchmarks extend gains to one-month high over supply fears
Middle East crude benchmark spot premiums of Oman, Dubai and Murban rose for a second session on Thursday, hitting a more than one-month high as Russia tightened restrictions on Black Sea oil export...
View Article