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Oil prices dip as traders weigh Trump’s Russia sanctions delay, Chinese GDP

Oil & Gas 360º

At 07:45 ET (11:45 GMT), Brent oil futures expiring in September ticked down 0.1% per barrel, while West Texas Intermediate (WTI) crude futures fell 0.2% per barrel. However, if Trump does follow through, and the tariff is implemented effectively, it would drastically change the outlook for the oil market.

Oil
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Trump’s flip-flop on emergency oil reserves has its merits: Bousso

Oil & Gas 360º

The American SPR is the world’s largest emergency oil storage, able to hold 714 million barrels, or the equivalent of 35 days of U.S. oil consumption, when full. crude prices and take years to accomplish. crude output is set to reach a record high of 13.5 million barrels per day this year, according to IEA figures.

Oil
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Baghdad Reaffirms Full Compliance with OPEC+ Agreement

Iraq Business News: Oil & Gas

According to what the Ministry described as data issued by secondary sources approved by OPEC , Iraq's crude oil production in January 2025 stood at 3.999 million barrels per day (bpd), reflecting adherence to agreed production levels. Haitham Al Ghais, OPEC Secretary-General.

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Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., to Acquire Sitio Royalties Corp. in All-Equity Transaction; Increases Base Dividend

Oil & Gas 360º

Viper defines free cash flow margin as cash flow from operations less capital expenditures divided by total barrels of oil equivalents. at closing at strip pricing and decreasing thereafter; near-term net debt target of $1.5 billion which equates to less than 1.0x mboe/d); Q1 2025 average Permian production of 14.5

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What 2024 Taught Us: From Offshore Discoveries to Net Zero Ambitions, What Mattered Most

Rextag

While clean technologies achieved record growth, the enduring dominance of oil, gas, and LNG underscored the complexities of balancing energy security, economic stability, and climate ambitions. shale oil production surged to 10 million barrels daily , reinforcing Americas role as a cornerstone of global energy stability.

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OPEC+ adopts plan for 2027 baselines ahead of July output hike talks

Oil & Gas 360º

(Investing) –LONDON/MOSCOW -OPEC+ agreed on Wednesday to establish a mechanism for setting baselines for its 2027 oil production, while OPEC+ sources said that separate talks on Saturday could agree a further accelerated oil output hike for July. Angola quit the group in 2024 over a disagreement on its production target.

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Chevron, European firms lobby to keep stakes in Venezuela oil joint ventures

Oil & Gas 360º

Chevron, meanwhile, has diverted tankers that had been exclusively carrying Venezuela crude to handle other business. About 300 contractors are linked directly and indirectly to Chevrons projects with PDVSA, which are responsible for about a quarter of Venezuelas 1-million-barrel-per-day oil output. energy security.

Oil