Finance

OPEC+ Efforts at Oil Quota Compensation Look Flimsy as ...

The total backlog of overdue compensation cuts has increased by almost nine perc...

USA Oil, Gas Operators Encounter Avalanche of Economic ...

Rystad Energy said U.S. oil and gas operators have encountered an avalanche of e...

US Inventory Drop, OPEC Action Lift Oil Prices

Iraq pledged to cut oil exports under OPEC+ pressure, adding momentum to the cru...

Goldman Sachs Warns of Sub-$40 Oil Under One Scenario

Goldman Sachs analysts revealed that they see the Brent oil price falling to und...

USA EIA Cuts West Texas Intermediate Oil Price Forecasts

The U.S. Energy Information Administration cut its WTI oil price forecast for 20...

Iraq to Cut Oil Price in Federal Budget Amid Plummeting...

Iraq, OPEC's second-largest producer, plans to cut its oil-price assumption in t...

Trio Closes Acquisition of Heavy Oil Assets from Novacor

Trio Petroleum Corp. has closed its acquisition of certain petroleum and natural...

Russia's Energy Plan Sees Crude Output Barely Shifting ...

Russia's new long-term energy strategy sees crude oil production and exports bar...

Oil Dips as Tariff Tensions Linger

Oil slipped as trade tensions and weak demand forecasts raised concerns of a lon...

OPEC+ Policy Shift 'Highly Significant'

Analysts at Standard Chartered Bank noted that, in their view, 'the shift in OPE...

USA EIA Cuts Brent Oil Price Forecast for 2025 and 2026

The U.S. Energy Information Administration cut its Brent spot price forecast for...

Chevron Ordered to U-Turn Venezuela Oil Ahead of Sanctions

Chevron Corp. was ordered to return nearly 1 million barrels of Venezuelan oil t...

North America Loses Rigs for 6 Straight Weeks

North America cut 22 rigs week on week, according to Baker Hughes' latest North ...

Oil Prices Flat Amid Trade and Iran Talks

Oil held steady as U.S. trade pauses clashed with rising inflation fears.

OPEC Cuts Oil Demand Forecast for 2025 and 2026 on Trad...

OPEC cut forecasts for global oil demand growth slightly this year and next.

Brazil to Offer Oil Blocks Where Petrobras Fights to Drill

According to the ANP, 31 companies are registered and able to bid, including Pet...

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