CNBC: Energy

JUNE 22, 2025

role in Iran-Israel fight fuels market jitters Published Sun, Jun 22 2025 10:35 PM EDT Updated 2 Hours Ago Lee Ying Shan @in/ying-shan-lee @LeeYingshan WATCH LIVE Key Points Oil markets are entering a new phase of uncertainty after the U.S. Oil futures were up over 2% as of early Asia hours. WTI crude rose more than 2% to $75.22

Barrel 121

Barrel Oil Finance Crude Oil 121

OilPrice

JUNE 12, 2025

Crude oil prices dropped back slightly on Thursday, after jumping by 4% on Wednesday to hit the highest in two months on the news that the U.S. At the time of writing, Brent crude was trading at $68.95 per barrel, with West Texas Intermediate at $67.41 At the time of writing, Brent crude was trading at $68.95

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Oil Crude Oil Barrel Casing 157

OilPrice

MAY 6, 2025

than might be inferred from either its size or its current crude oil production of just under 3 million barrels per day (bpd). The United Arab Emirates (UAE) holds much greater geopolitical significance to both China and the U.S.

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IT Crude Oil Oil Barrel 288

OilPrice

APRIL 8, 2025

Crude oil prices slumped to their lowest level since 2021 after the U.S. At the time of writing, Brent crude was trading at $60.36 per barrel, with West Texas Intermediate at $57.04 per barrel, both down by close to 4% from Tuesdays close. At the time of writing, Brent crude was trading at $60.36

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Barrel Oil Crude Oil IT 355

OilPrice

MARCH 31, 2025

crude oil production was down 305,000 barrels per day, hitting 13.15 Energy Information Administration (EIA) on Monday, also revising its December estimate downward by around 40,000 barrels, to 13.45 January U.S. million bpd, a level it hasnt dipped down to in over a year, according to data released by the U.S.

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Oil Crude Oil Barrel IT 353

OilPrice

JUNE 12, 2025

The expanded Trans Mountain pipeline in Canada could raise its capacity by another 75,000 barrels per day (bpd) by early 2027, which could potentially increase Canadian crude oil exports from its Pacific Coast to non-U.S.

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Pipeline Crude Oil Barrel Government 147

OilPrice

JUNE 4, 2025

With crude oil prices dropping into the low $60s per barrel, profitability in the oil and gas industry is under pressure, squeezing cash flows and forcing companies to reassess their capital allocation. While it is still too early to quantify the full impact of current market volatility on oil prices,

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Oil Upstream Crude Oil Barrel 341

OilPrice

APRIL 11, 2025

Crude oil exports from Saudi Arabia to China are expected to increase substantially next month, thanks to the sizable price cut by the Saudis, Reuters reported today, citing unnamed sources. Volume allocations to Chinese refiners reveal that Saudi exports in May will rise to 48 million barrels from the 35.5

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Oil Crude Oil Barrel IT 351

OilPrice

JUNE 3, 2025

The eight members of OPEC+ that were keeping their production of crude oil under restraints agreed on Saturday to add another 411,000 barrels daily to their combined total in July after making identical agreements for May and June. OPEC+ did what everyone expected it to do last weekend, announcing another production ramp-up.

Oil 326

Oil Crude Oil Barrel IT 326

OilPrice

APRIL 1, 2025

As Saudi Arabia pushes ahead with its ambitious Vision 2030 plan to build huge futuristic cities and resorts, the worlds top crude oil exporter will need to borrow more money on the debt markets as oil prices continue to linger at levels of about $20 per barrel lower than the Saudi fiscal breakeven oil price.

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Oil Crude Oil Barrel IT 339

OilPrice

MAY 30, 2025

crude oil production surged to an all-time high in March, reaching 13.488 million barrels per day, according to newly released monthly EIA data. That edges out the previous monthly record of 13.450 million bpd set in October 2024, and an increase over the 13.153 million bpd in February.

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Crude Oil Oil Petroleum Barrel 317

OilPrice

MARCH 31, 2025

Chinas state energy company CNOOC said today it had discovered a new oil field in the South China Sea that could contain over 100 million tons of crude oil, equal to around 733 million barrels. Test drilling produced 413 barrels of crude oil and 68,000 cu m of natural gas daily, state news agency Xinhua reported.

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Field Oil Crude Oil Barrel 291

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. oil production is set to remain around the 14 million bpd level by 2030 and in the early 2030s, after which it is expected to decline faster through 2050 as the shale boom fades.

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Oil Crude Oil Barrel Energy 351

OilPrice

APRIL 1, 2025

The Organization of Petroleum Exporting Countries (OPEC) reduced its crude oil production in March, ahead of its planned production increase for May, a new Bloomberg survey showed on Tuesday. OPEC reduced its crude oil production for March to an average of 27.43

Crude Oil 287

Crude Oil Oil Petroleum Barrel 287

OilPrice

MARCH 28, 2025

Saudi Arabia, the worlds top crude oil exporter, is expected to slash the price of its oil loading for Asia in May to the lowest level in three months amid a slide in regional benchmarks, a Reuters survey of Asian refining and trading sources showed on Friday. As a result, the flagship Saudi crude, Arab Light, could

Oil 349

Oil Crude Oil Barrel IT 349

OilPrice

MARCH 27, 2025

The vessel, Andaman Skies, was en route to the Vadinar Port to deliver 100,000 metric tons (roughly 800,000 barrels) of Varandey crude oil sold by Russias Lukoil. Indian port authorities refused the tanker entry, citing documentation issues, particularly its seaworthiness certification, Reuters quoted unnamed sources familiar

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Oil Crude Oil Barrel Transportation 337

OilPrice

APRIL 24, 2025

Crude oil prices were about to end the week with another loss following a report that OPEC+ may be considering another larger than initially planned output boost in June. Benchmarks were both up at the time of writing, with Brent crude at $66.98 per barrel and West Texas Intermediate at $63.21 per barrel.

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Oil Barrel Crude Oil IT 293

OilPrice

MAY 1, 2025

Venezuela saw its oil exports slump by nearly 20% in April from March to the lowest level in nine months, after state-owned oil firm PDVSA canceled cargoes for Chevron, Reuters reported on Thursday, citing shipping documents and tanker-tracking data.

Oil 342

Oil Crude Oil Barrel IT 342

BOE Report

JUNE 5, 2025

Irving Oil said on Thursday it plans to invest $100 million to upgrade a key crude oil processing unit at its 320,000 barrel-per-day Saint John facility in New Brunswick, Canada’s largest refinery.

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Refinery Oil Crude Oil Barrel 96

OilPrice

MAY 5, 2025

Saudi Arabia has raised the price of its flagship crude grade loading for Asia in June, just as the Saudi-led OPEC+ group decided to continue easing the production cuts by adding a larger-than-expected volume to the market next month. per barrel over May prices to a premium of $1.40 per barrel over May prices to a premium of $1.40

Oil 295

Oil Crude Oil Barrel IT 295

OilPrice

MAY 29, 2025

Saudi Arabia will review its spending priorities after the oil price decline, and will consider whether to delay or accelerate some projects, the Kingdoms Finance Minister, Mohammed Al-Jadaan, told the Financial Times in an interview published on Thursday. Saudi Arabia needs oil prices at about $90 per barrel to balance its budget.

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Oil Crude Oil Barrel Finance 244

OilPrice

MAY 12, 2025

China has accelerated crude oil imports in March and April, but the increased purchases this spring arent necessarily a sign of recovering fuel demand in the worlds biggest crude importer. In April, Chinese crude oil imports rose by 7.5% million barrels per day (bpd), Chinas customs data show.

Crude Oil 235

Crude Oil Oil Barrel IT 235

OilPrice

MARCH 21, 2025

Kazakhstans oil production reached an all-time high in March despite the countrys continued pledges to start complying with its OPEC+ quota that it has been exceeding for years. million barrels per day (bpd) of crude oil and condensate in the first half of March, industry sources told Reuters on Friday.

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Condensate Oil Crude Oil Barrel 291

OilPrice

JUNE 4, 2025

Crude oil prices reversed their trajectory from earlier this week, trending lower today after the American Petroleum Institute reported an estimated inventory rise in both gasoline and middle distillates, and Saudi Arabia cut its oil prices for Asian buyers to an almost four-year low. Brent crude was trading at $64.76

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American Petroleum Institute API Oil Crude Oil 232

OilPrice

MARCH 12, 2025

Crude oil prices inched higher after starting the week with sharp losses, amid reports of rebounding Asian imports and a weaker dollar that should stimulate stronger demand. At the time of writing Brent crude was trading at $70.05 per barrel, with West Texas Intermediate at $66.75 per barrel, as the U.S.

Oil 272

Oil Crude Oil Barrel Energy 272

OilPrice

MAY 22, 2025

Nigerias government is urging the oil companies operating in the country to collaborate to increase oil output in the producer that hasnt been able to pump to its OPEC quota for years. Nigerias crude oil production averaged 1.4 million barrels per day (bpd) in the first quarter of the year, well below the 1.8

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Exploration and Production Oil Crude Oil Barrel 284

Rigzone

APRIL 3, 2025

Crude oil stocks, not including the SPR, stood at 439.8 million barrels on March 28, the EIA showed in its latest weekly petroleum status report.

Crude Oil 92

Crude Oil Barrel Oil Petroleum 92

OilPrice

JUNE 19, 2025

Crude oil prices were set for another weekly gain today, the third in a row, as Israel and Iran continued to bomb each other with no sign of willingness on either side to switch to diplomacy. At the time of writing, Brent crude was trading at $77.04 per barrel, with West Texas Intermediate at $75.67

Oil 219

Oil Insurance Crude Oil Barrel 219

OilPrice

MAY 22, 2025

Crude oil prices were set for a weekly decline today, following a report that OPEC+ was planning to add another 411,000 barrels daily to its output in July in an extension of its accelerated rollback of output controls. At the time of writing, Brent crude was trading at $64.06 per barrel.

Oil 235

Oil Barrel Crude Oil IT 235

OilPrice

MARCH 10, 2025

Shandong Yulong Petrochemical, the newest refiner in China, is set to begin trial runs at a 200,000-barrels per day crude processing unit later this month, traders familiar with the facilitys plans told Reuters on Monday, in what could be a boost to Chinese crude oil imports in the coming months.

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Refinery Oil Crude Oil Barrel 268

OilPrice

APRIL 29, 2025

India is ramping up purchases and imports of crude oil from the United States ahead of crucial talks on the U.S. million barrels of U.S. crude are on route to arrive in India in June, per data from analytics firm Kpler cited by Bloomberg. crude volume arriving in India since August 2024. tariffs next month.

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Oil Crude Oil Barrel Energy 268

OilPrice

MAY 16, 2025

Kuwait, one of the top OPEC producers in the Middle East, plans to invest as much as $50 billion to raise its oil production capacity to above 3 million barrels per day (bpd) over the next five years, Kuwait Petroleum Corporations deputy chairman and CEO, Shaikh Nawaf Al-Sabah, has said. Kuwaits crude oil production averaged 2.415

Oil 263

Oil Crude Oil Petroleum Barrel 263

BOE Report

MAY 30, 2025

crude oil output rose to a monthly record high in March, while demand for oil products declined to the lowest in a year, the U.S. crude oil output rose to 13.49 million barrels per day in March, up from 13.16 Energy Information Administration said in its Petroleum Supply Monthly report on Friday.

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Crude Oil Oil Petroleum Barrel 107

OilPrice

APRIL 14, 2025

Crude oil and condensate production is targeted to increase from 531 million metric tons per year, or 10.66 million barrels per day (bpd), in 2023 to 540 million tons, or 10.8 million bpd, by 2050.

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Natural Gas BCM Condensate Gas 257

OilPrice

MAY 28, 2025

Saudi Arabia may cut its official selling price for crude oil by as much as $0.40-$0.50 per barrel for Asian buyers, Reuters has reported, citing sources from the refining industry. per barrel, according to the sources. per barrel, according to the sources. OPEC+ is meeting later today and most observers

Oil 208

Oil Crude Oil Barrel IT 208

OilPrice

JUNE 4, 2025

Crude oil exports from Iran to its biggest buyer, China, shrank last month on tighter U.S. million barrels of crude to China daily, which was 20% lower than export flows in May 2024. sanctions and refinery maintenance, Bloomberg has reported, citing data from Vortexa. Per that data, Iran shipped a little over 1.1

Oil 226

Oil Crude Oil Refinery Maintenance 226

Oil & Gas 360º

JUNE 23, 2025

(Investing) – Brent crude oil prices could hit $110 a barrel if the Strait of Hormuz is blocked, Goldman Sachs analysts have forecast, while HSBC analysts see prices topping above $80. About a fifth of the world’s oil consumption passes through it.

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