OPEC+ unlikely to change output policy when panel meets on Monday, sources say
OPEC+ is unlikely to alter existing plans to raise output gradually when it meets on Monday, delegates from the producer group told Reuters, despite U.S. President Donald Trump urging OPEC and its de...
View ArticleGoldman Sachs raises 2025, 2026 average Brent forecast
Goldman Sachs has raised its Brent oil price forecast for this year and 2026 on lower commercial inventories in Organization for Economic Co-operation and Development (OECD), leading to a tighter...
View ArticleOil set for weekly decline as Trump tariff threat looms large
Oil prices were steady on Friday but on course for weekly declines as markets waited to see if U.S. President Donald Trump will follow through on his threat to impose tariffs on Mexico and Canada on...
View ArticleKazakhstan plans to supply 22,000 tonnes of oil from the Kashagan field via...
Kazakh oil pipeline operator KazTransOil said on Friday it planned to export about 22,000 metric tons of oil from the Kashagan oilfield via the Baku-Tbilisi-Ceyhan pipeline in January. The offshore...
View ArticleExxonMobil Announces 2024 Results
Results Summary Exxon Mobil Corporation today announced fourth-quarter 2024 earnings of $7.6 billion, or $1.72 per share assuming dilution. Cash flow from operating activities was $12.2 billion and...
View ArticleChevron Reports Fourth Quarter 2024 Results
Chevron Corporation (NYSE: CVX) reported earnings of $3.2 billion ($1.84 per share – diluted) for fourth quarter 2024, compared with $2.3 billion ($1.22 per share – diluted) in fourth quarter 2023....
View ArticleIndonesia aims to produce 900,000 b/d-1 mil b/d of oil by 2028-2029
The Indonesian government aims to produce 900,000 to 1 million b/d of oil by 2028-2029, its energy and mineral resources minister, Bahlil Lahadalia, said Jan. 30. To achieve this, the country will...
View ArticleBaker Hughes beats quarterly profit estimates on natgas technology demand
U.S. oilfield technology firm Baker Hughes BKR beat Wall Street estimates for fourth-quarter profit on Thursday, as robust demand for natural gas equipment and services helped offset weak sales of its...
View ArticleUS oil production falls in November from record high in October, EIA says
U.S. crude oil production fell by 122,000 barrels per day in November to 13.314 million bpd, down from a monthly record high of 13.436 million bpd in October, the U.S. Energy Information Administration...
View ArticleThe Commodities Feed: Tariffs rattle markets
Energy – Tariffs on Canadian energy imports US tariffs on imports from Canada, Mexico and China are set to come into effect on 4 February and failing to come to a deal would mean tariffs of 25% on...
View ArticleOil prices climb after US tariffs spark supply disruption fears
Oil prices jumped on Monday after U.S. President Donald Trump imposed tariffs on Canada, Mexico and China, raising fears of crude supply disruption from the two biggest suppliers to the U.S., but the...
View ArticleIndia’s insatiable demand surge necessitates crude diversification, upstream...
India’s appetite for transport fuels, including gasoline and gasoil, is expected to remain strong for at least two decades, making it imperative to tap new crude oil suppliers, pursue refinery...
View ArticleArgent LNG Selects Baker Hughes as Technology Provider, Strengthening Project
Argent LNG LCC (Argent LNG) has selected Baker Hughes (NASDAQ: BKR), an energy technology company, as the liquefaction solution and related services provider for its proposed liquified natural gas...
View ArticleKuwait’s oil minister says country committed to close cooperation with OPEC+...
Kuwait’s oil minister Tariq Suleiman Al-Roumi said on Monday that his country was committed to close cooperation with partners in OPEC+, the Kuwaiti state news agency reported. His statements come...
View ArticleKazakhstan’s Tengiz daily oil output hits record at end of January, sources say
Daily output from Kazakhstan’s largest field, Tengiz, rose to a record of 870,000 barrels per day (bpd) late in January, up 45% from the 2024 average, according to two industry sources familiar with...
View ArticleTrump tariffs-led spike in energy prices is temporary, oil prices could...
Oil prices are likely to fall in the longer run after the initial jump following President Donald Trump’s implementation of hefty tariffs on Canada, Mexico and China, said industry watchers. Over the...
View ArticleMiddle East Crude-Oman and Dubai slide, Murban up amid thin trading
Middle East crude benchmark spot premiums for Oman and Dubai slid on Monday, while that for Murban ticked up. Trading was light given China is on the Lunar New Year holiday, and the market also awaits...
View ArticleMost Asian crude traders expect sharp hikes in Saudi Aramco’s March crude OSPs
Most Asian sour crude traders expect sharp hikes in Saudi Aramco’s March crude official selling prices to be released later in the week of Feb. 3, as they weighed tighter fundamentals in January from...
View ArticleOPEC+ sticks to oil policy, ditches US government data
OPEC+ agreed to stick to its policy of gradually raising oil output from April on Monday and removed the U.S. government’s Energy Information Administration from the sources used to monitor its...
View ArticleOil prices ease as US tariffs on Mexico paused for a month
Oil prices edged lower on Monday after rising more than $1 earlier in the session after the United States and Mexico announced a month-long pause on tariffs the U.S. had slapped on its southern...
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