OilPrice

JUNE 6, 2025

June 6th, 2025 ICE Brent futures are set to close this week above $66 per barrel, a more than 3% weekly gain after markets were buoyed by the prospect of US-China trade talks all the while derailed US-Iran and Russia-Ukraine negotiations have kept geopolitical risk premia intact.

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Oil Barrel 239

OilPrice

MARCH 23, 2025

This year will see the highest amount of new oil supply in a decade, according to data analyzed by Raymond James that showed projected global additions of nearly 3 million barrels daily. But only if the price is right.

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Oil Field Barrel 364

OilPrice

APRIL 1, 2025

million barrels per day (bpd) in a conversion with a ton-to-barrel ratio of 7.33. Chinese oil consumption is expected to reach 765 million metric tons this year, CNPCs Economics and Technology Research Institute (ETRI) said in a new outlook cited by Reuters on Tuesday. This consumption figure is equal to about 15.36

Oil 307

Oil Barrel Petroleum 307

OilPrice

APRIL 21, 2025

Per the new scenario, Brent crude will average $68 per barrel, down from $81.7 per barrel in the September 2024 scenario, Interfax reported today. Russias Economy Ministry has lowered its forecast for oil prices this year in an update for its baseline scenario, reflecting the latest trends on global oil markets.

Oil 246

Oil Barrel IT 246

Oil & Gas 360º

JUNE 4, 2025

Weekly Crude Oil Storage as of May 30, 2025 U.S. million barrels from the previous week. million barrels, U.S. crude oil inventories are 7% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data, reporting inventories as of May 30, 2025. million barrels, U.S.

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Crude Oil Barrel Oil Petroleum 130

OilPrice

APRIL 14, 2025

The bank sees WTI at an average of $59 per barrel this year, falling to $55 in 2026, Reuters reported. The update follows one from April 4, when Goldman slashed its 2025 outlook for Brent and WTI by 5.5% and 4.3%, respectively, to $69 for a barrel of Brent crude and $66 for a barrel of West Texas Intermediate.

Oil 348

Oil Barrel IT 348

OilPrice

MARCH 31, 2025

a barrel this year, according to the poll of 49 analysts and economists in March. per barrel expected by the experts in the February Reuters survey. per barrel in 2025, down from Brent Crude prices are set to average $72.94 Thats lower than the average of $74.63 WTI Crude, the U.S. benchmark, is set to average $69.16

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Oil Barrel 322

OilPrice

MAY 23, 2025

million tons of crude oil and condensate in 2025, or about 2 million barrels per day (bpd), which would be 9.7% Kazakhstan is likely to top its oil production plan this year, due to the expansion of the Chevron-led Tengiz field, Kazakhstans Energy Minister Erlan Akkenzhenov said on Friday, in yet another snub at OPEC+ quotas.

IT 352

IT Condensate Oil Crude Oil 352

OilPrice

MARCH 14, 2025

Barclays sees Brent Crude prices at $74 per barrel this year, down by $9 from its previous forecast, as it slashed its global demand growth estimate in mounting economic uncertainties. We turn neutral on oil prices relative to the curve and consensus, as we revise down our 2025 demand outlook 510,000 barrels per day due to soft high?-?frequency

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Oil Barrel IT 336

Oil & Gas 360º

MARCH 19, 2025

Weekly Crude Oil Storage as of March 14, 2025 U.S. million barrels from the previous week. million barrels, U.S. crude oil inventories are 5% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data, reporting inventories as of March 14, 2025. Imports U.S.

Crude Oil 130

Crude Oil Barrel Oil Petroleum 130

Oil & Gas 360º

MAY 21, 2025

Weekly Crude Oil Storage as of May 16, 2025 U.S. million barrels from the previous week. million barrels, U.S. crude oil inventories are 6% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data, reporting inventories as of May 16, 2025. million barrels, U.S.

Crude Oil 130

Crude Oil Barrel Oil Petroleum 130

Oil & Gas 360º

MAY 14, 2025

Weekly Crude Oil Storage as of May 9, 2025 U.S. million barrels from the previous week. million barrels, U.S. crude oil inventories are 6% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data, reporting inventories as of May 9, 2025. million barrels, U.S.

Crude Oil 130

Crude Oil Barrel Oil Petroleum 130

Oil & Gas 360º

MAY 7, 2025

Weekly Crude Oil Storage as of May 2, 2025 U.S. million barrels from the previous week. million barrels, U.S. crude oil inventories are 7% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data, reporting inventories as of May 2, 2025. million barrels, U.S.

Crude Oil 130

Crude Oil Barrel Oil Petroleum 130

Oil & Gas 360º

APRIL 30, 2025

Weekly Crude Oil Storage as of April 25, 2025 U.S. million barrels from the previous week. million barrels, U.S. crude oil inventories are 6% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data, reporting inventories as of April 25, 2025. Imports U.S.

Crude Oil 130

Crude Oil Barrel Oil Petroleum 130

Oil & Gas 360º

APRIL 23, 2025

Weekly Crude Oil Storage as of April 18, 2025 U.S. million barrels from the previous week. million barrels, U.S. crude oil inventories are 5% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data, reporting inventories as of April 18, 2025. Imports U.S.

Crude Oil 130

Crude Oil Barrel Oil Petroleum 130

Oil & Gas 360º

APRIL 16, 2025

Weekly Crude Oil Storage as of April 11, 2025 U.S. million barrels from the previous week. million barrels, U.S. crude oil inventories are 6% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data, reporting inventories as of April 11, 2025. Imports U.S.

Crude Oil 130

Crude Oil Barrel Oil Petroleum 130

Oil & Gas 360º

APRIL 9, 2025

Weekly Crude Oil Storage as of April 4, 2025 U.S. million barrels from the previous week. million barrels, U.S. crude oil inventories are 5% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data, reporting inventories as of April 4, 2025. million barrels, U.S.

Crude Oil 130

Crude Oil Barrel Oil Petroleum 130

Oil & Gas 360º

APRIL 2, 2025

Weekly Crude Oil Storage as of March 28, 2025 U.S. million barrels from the previous week. million barrels, U.S. crude oil inventories are 4% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data, reporting inventories as of March 28, 2025. Imports U.S.

Crude Oil 130

Crude Oil Barrel Oil Petroleum 130

Oil & Gas 360º

MARCH 26, 2025

Weekly Crude Oil Storage as of March 21, 2025 U.S. million barrels from the previous week. million barrels, U.S. crude oil inventories are 5% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data, reporting inventories as of March 21, 2025. Imports U.S.

Crude Oil 130

Crude Oil Barrel Oil Petroleum 130

Oil & Gas 360º

MARCH 12, 2025

Weekly Crude Oil Storage as of March 7, 2025 U.S. million barrels from the previous week. million barrels, U.S. crude oil inventories are 5% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data, reporting inventories as of March 7, 2025. million barrels, U.S.

Crude Oil 130

Crude Oil Barrel Oil Petroleum 130

Oil & Gas 360º

MARCH 5, 2025

Weekly Crude Oil Storage as of February 28, 2025 U.S. million barrels from the previous week. million barrels, U.S. crude oil inventories are 4% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data, reporting inventories as of February 28, 2025. Imports U.S.

Crude Oil 130

Crude Oil Barrel Oil Petroleum 130

OilPrice

MAY 6, 2025

Wall Street banks are racing this week to slash their oil price forecasts for 2025 and 2026 after OPEC+ threw another curveball at the market this weekend by vowing to continue raising production by more than initially planned. Commodity strategists and analysts from major U.S.

Oil 325

Oil Barrel 325

OilPrice

MARCH 11, 2025

The first half of 2025 is shaping up to be a squeeze play for global oil markets. Brent crude prices are inching up from $70 per barrel to a newly forecasted $75/b by Q3, the EIA has said in its latest Short Term Energy Outlook released on Tuesday. Supply is tightening thanks to ongoing production declines in Iran and Venezuela.

Barrel 322

Barrel Oil IT Energy 322

OilPrice

MAY 5, 2025

crude oil supply will rise more slowly than expected for the rest of 2025 and in 2026 and peak as early as this year, as WTI benchmark prices below $60 per barrel are testing the breakeven point of shale production, energy flows intelligence firm Kpler said on Monday.

Crude Oil 362

Crude Oil Oil Barrel Energy 362

OilPrice

APRIL 16, 2025

crude oil production is set to peak at around 14 million barrels per day (bpd) in 2027, according to the Annual Energy Outlook 2025 of the U.S. Energy Information Administration (EIA).

Oil 351

Oil Crude Oil Barrel Energy 351

OilPrice

MAY 1, 2025

Russia expects 24% lower revenues from oil and gas this year compared to earlier estimates, following the oil price crash that began in early April and sank the price of its flagship Urals crude close to the $50 per barrel mark. trillion Russian rubles) for 2025, according to the finance ministrys latest update. billion (8.32

Oil 337

Oil Finance Barrel Energy 337

OilPrice

MAY 29, 2025

Portugal-based energy company Galp expects its oil production in Brazil to jump by 40% in the coming years as a new major field is set to begin production later in 2025, Nuno Bastos, EVP Upstream, has said. The Portuguese firms production in Brazil is about 110,000 barrels of oil equivalent per day (boepd) at present.

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Field IT Upstream Basin 295

OilPrice

APRIL 10, 2025

Oil prices plummeted on April 10, 2025, with WTI and Brent crude experiencing significant drops due to heightened trade tensions between the US and China, including tariff hikes.

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Oil Pipeline Barrel 329

Oilholics Synonymous Report

JUNE 16, 2025

It meant the Brent futures rally slowed quite significantly with the global proxy benchmark sliding below $75 per barrel instead of heading toward $80-levels. © Gaurav Sharma 2025. Photo: A view of Abu Dhabi from Qatar Airways QR 1044 © Gaurav Sharma, June 2025. The report was met with some scepticism but it needn't have been.

Oil 157

Oil Barrel IT Energy 157

OilPrice

MAY 1, 2025

The IMF expects oil prices to decline in 2025 to $66.90 per barrel, nearly $6 below the

Oil 330

Oil Barrel IT 330

OilPrice

MARCH 17, 2025

Goldman Sachs commodity analysts cut the banks price outlook for crude oil, basing the revision on expectations of slower U.S. economic growth and additional OPEC+ supply.

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Oil Crude Oil Casing Barrel 323

OilPrice

MAY 15, 2025

in 2025 to 5.74 million barrels per day (bpd), and then rise another 4.3% India is fast cementing its status as the worlds top engine of oil demand growthovertaking China earlier than expected and showing no signs of slowing down. According to OPECs latest Monthly Oil Market Report, Indias oil demand is projected to grow by 3.4%

Oil 319

Oil Engineering Engineer Barrel 319

OilPrice

JUNE 2, 2025

Abu Dhabis national oil company, ADNOC, forecasts lower export volumes of its flagship Murban crude between August 2025 and May 2026, as it plans to process higher volumes of the grade domestically.

Oil 279

Oil Barrel IT 279

Valor

JUNE 9, 2025

June 9, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. per barrel. The EIA forecasts Brent crude will average $74 per barrel in 2025, down from $80 in 2024, with average gas prices expected to fall to $3.20 Oil prices steady ahead of U.S.-China

Energy 52

Energy Energy Natural Gas Barrel 52

OilPrice

APRIL 11, 2025

But in 2025, that simplistic view no longer holds up. million barrels of oil and finished products per day. Cheaper gasoline meant more disposable income for consumers, lower transportation costs for businesses, and a boost to sectors that rely on oil as an input. The economic equation has changeddramatically.

Oil 313

Oil Barrel Transportation 313

OilPrice

APRIL 22, 2025

Oil prices have experienced a slight increase, with Brent crude at $68 per barrel, largely driven by new U.S. Russia has reduced its 2025 Brent forecast, and analysts caution that trade disputes may continue to negatively impact oil prices despite the recent rebound. sanctions targeting Iranian oil exports. While a surging U.S.

Oil 312

Oil Barrel IT 312

Oil & Gas 360º

JUNE 13, 2025

(Investing) – Israel’s attack on Iran is unlikely to cause a major disruption to oil supply, analysts at two major banks said, but a worst-case scenario involving blockades in the Strait of Hormuz could push prices above $100 per barrel, Goldman Sachs said. per barrel. [O/R]

Oil 130

Oil Barrel Casing Sustainable 130