Oil prices dip as traders await progress on push for Ukraine peace deal
Oil prices extended last week’s losses on Monday as investors awaited clarity on talks to end the war in Ukraine and weighed up the prospect of a resumption in crude exports from northern Iraq. Brent...
View ArticleMiddle East Crude-Benchmarks slide to six-week low
Middle East crude benchmarks Oman, Dubai and Murban fell on Monday as the prospect of a resumption in crude exports from northern Iraq weighed on the oil market outlook. Oil exports from Iraq’s...
View ArticleBlackRock Energy and Resources Trust 2025 Outlook
The global economy is facing a number of challenges in the year ahead. In particular, the prospect of reaccelerating inflation could be a headache for policymakers. Over the past two years, falling...
View ArticleOPEC+ risks losing control with more output delays: Bousso
OPEC and its allies face a tricky dilemma: should they start loosening oil production caps even though the crude supply and demand picture is unlikely to improve in the near future? They may well opt...
View ArticleOil prices steady as traders await progress on push for Ukraine peace deal
Oil prices steadied on Monday as investors awaited clarity on talks to end the war in Ukraine and weighed up the prospect of a resumption in crude exports from northern Iraq. Brent futures were down 6...
View ArticleHow Russian oil sanctions still weigh on the global energy market
The outlook for oil prices remains mixed, with the price of Brent crude expected to range between $70 and $85 per barrel. Goldman Sachs co-head of Global Commodities Research Daan Struyven joins Market...
View ArticleIraq to receive 185,000 bpd from Kurdistan once oil exports resume
Iraq will export 185,000 barrels per day from Kurdistan’s oilfields through the Iraq-Turkey pipeline once the oil shipments resume, an Iraqi oil ministry official said on Sunday. Basim Mohammed, deputy...
View ArticleTranscontinental Energy says time is ripe for foray into India’s upstream sector
India’s upstream sector policy reforms, along with its unwavering focus on the oil and gas industry, are expected to help expand the footprint of the unconventional hydrocarbons sector in the country’s...
View ArticleOil up on concerns over Iran sanctions, strong refining margins
Oil prices rose for a second day on Tuesday as fresh U.S. sanctions imposed on Middle Eastern producer Iran increased concerns supply might tighten and as global refining margins remained strong. Brent...
View ArticleNigeria producing 1.8 million barrels of oil per day, says oil minister
Nigeria is producing 1.8 million barrels of oil per day, up from just one million barrels over a year ago, the country’s minister of state for petroleum said on Tuesday. “Nigeria has made significant...
View ArticleOil prices fall 2% to two-month low on worries about US tariffs
Oil prices fell more than 2% to a two-month low on Tuesday on negative economic news from the U.S. and Germany, driven in part by worries about U.S. President Donald Trump’s push for trade tariffs....
View ArticleCrude oil may soften further, could fall to $68-69: XM Australia CEO
Peter McGuire, CEO of XM Australia said that the US President Donald Trump is keen on advancing the Keystone Pipeline project to boost domestic oil production. Crude oil prices may see further...
View Articlebp and Iraq reach final agreement for redevelopment in Kirkuk
bp today reached agreement on all contractual terms with the Government of the Republic of Iraq to invest in several giant oil fields in Kirkuk providing for the rehabilitation and redevelopment of the...
View ArticleIraq to submit updated OPEC+ compensation plan ahead of Kurdish pipeline restart
Iraq has said it will submit an updated OPEC+ compensation plan as exports through the long-halted Iraq-Turkey pipeline in the semi-autonomous Iraqi Kurdistan region are expected to resume soon....
View ArticleEurope should replace Russian LNG with Qatari supply, IEA director
European countries should consider replacing liquefied natural gas (LNG) imports from Russia with other sources beginning in 2027, the International Energy Agency director said on Tuesday. Fatih Birol...
View ArticleAPI Weekly Crude Stock reports unexpected decline, signaling bullish trend...
In the latest report, the American Petroleum Institute (API) has announced a surprising decline in the inventory levels of US crude oil, gasoline, and distillate stocks. The actual number came in at...
View ArticleGlobal LNG supply glut ‘unlikely to materialize’ in coming years: Woodside CEO
A global LNG supply glut is “unlikely to materialize in the years ahead” due to projects delays that are expected to result in nearly 30 million mt/year of supply growth to slip from 2026-2029 to...
View ArticleOil holds near two-month low on rising supply concerns
Oil prices held around two-month lows on Wednesday as a potential peace deal between Russia and Ukraine continued to weigh on prices while lower U.S. crude stockpiles provided some support. Brent crude...
View ArticlePlanned retirements of U.S. coal-fired electric-generating capacity to...
Electricity generators plan to retire 12.3 gigawatts (GW) of capacity in 2025, a 65% increase in retirements compared with 2024. Last year, 7.5 GW was retired from the U.S. power grid, the least...
View ArticleMiddle East Crude-Oman, Dubai move up, Murban slides
Middle East crude benchmark spot premiums of Oman and Dubai climbed on Wednesday, while that of Murban declined. Oil prices rose marginally on Wednesday, bouncing off two-month lows hit in the prior...
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