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Oil at $100 a barrel? U.S. role in Iran-Israel fight fuels market jitters

CNBC: Energy

entered the war between Iran and Israel, said industry watchers, predicting oil at $100 a barrel if the Strait of Hormuz is closed. entered the war between Iran and Israel, said industry watchers, predicting oil at $100 a barrel if the Strait of Hormuz is closed. per barrel, while global benchmark Brent was up nearly 2% at $78.53

Barrel 120
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Permian methane emissions dropped 50% in two years, analysts say

Oil & Gas 360º

oil production and one fifth of natural gas—declined by more than 50% during the 2022-2024 period as improved operations, better equipment and the utilization of AI and other advanced technologies led to reductions across all observable plume rates (large and small), according to a new analysis by S&P Global Commodity Insights.

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India Rethinks Its Oil Strategy as Russian Discounts Dwindle

OilPrice

million barrels per day. That’s hardly a surge, considering the price allure that first pulled India deeper into Moscow’s oil orbit after the 2022 Ukraine invasion. India’s romance with cheap Russian oil is cooling—just a touch. Russian crude imports into India crept up 1% in the first half of 2025, totaling about 1.75

Oil 240
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Phillips 66 beats second-quarter profit estimates on higher refining margins

Oil & Gas 360º

Fuelmakers have seen an unexpected boost in profit from key products in recent months, offering relief after earnings retreated from 2022 highs, driven by a post-pandemic demand rebound and supply disruptions following Russia’s invasion of Ukraine. The company’s realized margin per barrel was up at $11.25

Crude Oil 130
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Vienna bound ahead of OPEC seminar

Oilholics Synonymous Report

That's despite OPEC+'s decision to up production by another half a million plus barrels. The group has effectively unwound nearly 90% of the so-called "voluntary" cuts it brought in back in 2022. Conventional market wisdom would suggest that oil futures would head lower on the development but they haven't.

Barrel 157
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Russia’s Discounted Oil No Longer a Bargain for India

OilPrice

Traders say the discount on Urals oil for August delivery to India has narrowed to just $1.70–$2 per barrel below dated Brent—the tightest spread since Russia invaded Ukraine in 2022. The price gap that once made Russian Urals crude a go-to for Indian refiners is rapidly shrinking. That discount is down from $2–$2.50 The reason?

Oil 206
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EIA expects decline in U.S. production this year from previous forecast

Permian Basin Oil and Gas Magazine

million barrels per day in the second quarter of 2025 to less than 13.3 million b/d in 2022, 12.93 As a result, we forecast U.S. crude oil production will decline from an all-time high of just over 13.4 million b/d by 2026Q4. On an annual basis, we now forecast crude oil production will average 13.37 million b/d in both 2025 and 2026.”