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Crudeoil prices could rise by between 15% and 20% from pre-war levels in case of disruption of 1.1 million barrels daily in production, Citi analysts have said, putting Brent crude’s wartime price at between $75 and $78 per barrel.
(Investing) – Fears over possible supply constraints from the Israel-Iran conflict have driven oil prices higher in recent days, although past disruptions do not suggest that crude will stay elevated for a long time, according to analysts at Citigroup (NYSE: C ). per barrel. per barrel. markets closed. markets closed.
Crudeoil prices climbed sharply last week as the conflict between Israel and Iran worsened, raising fears that global oil supplies could be affected. The situation quickly became one of the most closely watched issues in the oil market, pushing prices to their highest levels since January.
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The merger creates a new heavyweight in Canadian energy, ranking as the seventh-largest oil and gas producer and the fifth-largest natural gas producer in the country by output. Strategic Asset Base and Production Outlook The combined company now holds a high-quality, light oil and condensate-weighted portfolio with 1.5
Algeria’s national oil and gas company Sonatrach SpA has the majority stake of 51 percent in accordance with Algerian law. percent) and the Ourhoud and El Merk oil fields in the Berkine basin located in Blocks 404a and 208 (12.25 MORE FROM THIS AUTHOR Jov Onsat Editor OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX!
Image by Cylonphoto via iStock The European Commission has proposed legislation to stop the importation of natural gas, oil and oil products from Russia into the European Union by 2027, betting on global liquefied natural gas (LNG) and increased regional infrastructure interconnectivity. billion cubic meters (473.22
Israel’s surprise attack on Iran last week had oil prices spiking which sent U.S. West Texas Intermediate crude futures rose further this week, closing on Friday at around $75 a barrel. producers scrambling to lock in the price gain, driving record hedging volumes that will help shield them from future price swings.
(World Oil) – Namibia will offer financial incentives to help kick-start the development of oil fields managed by a group led by TotalEnergies, according to a special adviser in the presidency. TotalEnergies and Shell Plc in 2022 made the first in a series of finds off the coast of the southwest African nation.
refinery crudeoil processing capacity grew by nearly 40,000 barrels per day in 2024 to 18.4 million bpd, the U.S. Energy Information Administration said on Friday.
(Oil Price) – Canada’s Strathcona Resources supports MEG Energy in its process to explore potential mergers after MEG recommended that shareholders reject a $4.4 A deal would have turned the combined company into the fourth-largest oil producer among companies using team-assisted gravity drainage recovery technology in the oil sands.
Natural Gas $3.85 -3.56% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Chevron Acquires Two Smackover Leases as It Eyes Lithium Production by Jov Onsat | Rigzone Staff | Friday, June 20, 2025 | 10:42 AM EST Chevron said the acquisitions mark the first step in its establishment of a commercial-scale lithium business in the U.S.
(BOE Report) – Brent crudeoil is up around 20% so far in June, and set for its biggest monthly jump since 2020 as Israel/Iran tensions flare-up. Here’s a look at what rising oil means for world markets. Trading at around $77 a barrel, oil is below 2022’s $139 high, but is nearing pain points. “If 1/ HOW HIGH?
(World Oil) – A week since Israel and Iran started to exchange missile barrages, oil tanker transits through the critical Strait of Hormuz have remained largely steady. Oil tankers entering the Persian Gulf numbered 20-23 vessels daily over the past seven days, while roughly 22 ships exited each day.
This week’s Baker Hughes Rig Count shows that the U.S. decreased by 1 over last week, resulting in a total count of 554 rigs. Canada had an increase of 1 over last week, resulting in a total Canadian count of 139 rigs.
The Court noted that the natural gas liquids that the Grand Prix pipeline would carry falls within the definition of crude petroleum, which is required for condemnation authority. appeared first on Texas Oil and Gas Attorney Blog. The evidence showed that Targa had an ownership interest in Grand Prix.
June 20, 2025 Chart of the Day EOA: Current Events Limit the Increase in Iraq’s Oil Exports Share Summary Iraq’s seaborne crude exports have risen recently after the OPEC+ V8 started unwinding voluntary cuts since April 1.
Natural Gas $3.85 -3.56% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Oil Gains on Volatile Week by Bloomberg | Alex Longley, Mia Gindis | Friday, June 20, 2025 | 4:13 PM EST Market volatility remained high, but crude still posted a third straight weekly gain. Oil Prices WTI for August delivery advanced 0.5%
Dado Ruvic | Reuters Oil prices fell about 2% on Friday, as President Donald Trump holds off for now on helping Israel to destroy OPEC member Iran's nuclear program. Dado Ruvic | Reuters Oil prices fell about 2% on Friday, as President Donald Trump holds off for now on helping Israel to destroy OPEC member Iran's nuclear program.
Iran Loads Every Available Barrel of Oil on Its Tankers - Confronted with the prospect of the Trump Administration potentially attacking its infrastructure, Iran has been maximizing exports and sending as much produced crude as possible to its terminal in Kharg Island. Since Israel attacked Iran on June 13,…
(Investing) – Brent crudeoil prices fell sharply Friday, giving back some recent gains after the White House signaled that U.S. At 07:50 ET (11:50 GMT), Brent oil futures fell 3.7% a barrel, while West Texas Intermediate crude futures , which did not settle on Thursday due to a U.S. holiday, dropped 0.9%
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