OilPrice

JUNE 13, 2025

million cubic feet per day of gas and 55 barrels per day of condensate from the Lower Goru formation. Pakistan’s state-owned Oil & Gas Development Company Limited (OGDCL) has hit a new reservoir of oil and gas at its Faakir-1 wildcat well—an onshore discovery in Sindh province that could help reverse the country’s deepening energy crisis.

Gas 338

Gas Condensate Oil Barrel 338

OilPrice

JULY 5, 2025

At a virtual meeting Saturday, eight core members led by Saudi Arabia agreed to add 548,000 barrels per day (bpd) to global supply—exceeding earlier expectations of a 411,000 bpd hike.

Barrel 341

Barrel Oil IT 341

OilPrice

JULY 6, 2025

per barrel from July. more per barrel of Saudi crude next month, while buyers in North America will enjoy the most modest price hike, by between $0.20 per barrel. more per barrel of Saudi crude next month, while buyers in North America will enjoy the most modest price hike, by between $0.20 per barrel.

Barrel 263

Barrel Oil IT 263

OilPrice

JULY 10, 2025

million barrels per day (bpd) of new refining capacity by 2050 to meet rising global oil demand, OPEC said in its 2025 World Oil Outlook (WOO) with forecasts through the middle of the century. The world will need as much as 19.5

Barrel 330

Barrel Oil IT 330

OilPrice

JUNE 24, 2025

million barrels per day (bpd) this year, thanks to optimization and efficiency at producing assets, S&P Global Commodity Insights said on Tuesday in its latest outlook. Despite lower oil prices, Canada’s oil sands production is expected to reach an annual all-time high of 3.5

Oil 329

Oil Barrel IT 329

OilPrice

JULY 3, 2025

million barrels as estimated by the EIA, followed several weeks of draws, it pushed prices lower in the last trading day before the July 4th weekend. per barrel and West Texas Intermediate was changing hands for $67.01 per barrel, both down from Wednesday’s close. Regardless of the fact that the build, at 3.8

Oil 258

Oil Barrel Crude Oil IT 258

OilPrice

JUNE 8, 2025

The 411,000 barrels daily that OPEC+ said it would add to oil production in May have not materialized, commodity analysts from Morgan Stanley said. Notably, it does not appear that production in Saudi Arabia has ramped up significantly,” the note also said. The data Morgan Stanley used to see…

Barrel 319

Barrel Oil IT 319

OilPrice

JUNE 16, 2025

per barrel, while U.S. The reversal came sharply after a Wall Street Journal report indicated that Iran is urgently signaling its desire to halt hostilities and resume negotiations over its nuclear program. Brent crude fell approximately 3.65% to trade near $75.50 West Texas Intermediate (WTI) slipped about 3.71% to around $70.27

Oil 318

Oil Barrel IT 318

CNBC: Energy

JUNE 22, 2025

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 135

Barrel Oil Finance Crude Oil 135

Rigzone

JULY 3, 2025

million barrels on June 27, the EIA's latest weekly petroleum status report showed. million barrels from the week ending June 20 to the week ending June 27, the U.S. million barrels from the week ending June 20 to the week ending June 27, the U.S. million barrels on June 27, 415.1 million barrels on June 20, and 448.5

Crude Oil 104

Crude Oil Barrel Oil Petroleum 104

OilPrice

JUNE 18, 2025

Geopolitics could move Brent crude higher by around $10 per barrel, Goldman Sachs has estimated, from a starting point in the mid-$70s. Its base-case scenario, the bank said, remains the same, with Brent averaging $60 per barrel in the final quarter of the…

Oil 283

Oil Casing Barrel IT 283

OilPrice

JULY 8, 2025

This weekend’s meeting to decide August production levels was expected to be a short routine video call to announce another output hike of 411,000 barrels per day (bpd). OPEC+ never fails to surprise speculators and market analysts. Short it was, but the size of the increase for August was bigger than expected— 548,000 bpd.

Oil 294

Oil Barrel IT 294

OilPrice

JULY 10, 2025

“There is no peak oil demand on the horizon,” OPEC Secretary General Haitham Al Ghais wrote in the foreword of OPEC’s latest World Oil Outlook (WOO), which sees global oil demand growing by about 19% from now until 2050 to reach 123 million barrels per day (bpd).

Oil 275

Oil Barrel IT 275

OilPrice

JUNE 10, 2025

China imported more than 565,000 barrels per day of petrochemical feedstocks from the US in 2024 according to the Energy Information Administration, with a value of over $4.7 billion.

Barrel 350

Barrel Energy Energy IT 350

OilPrice

JUNE 29, 2025

million barrels per day of voluntary cuts since April, with… We'll review it during the meeting, as is traditional," Russian Deputy Prime Minister Alexander Novak told reporters, adding to market anticipation ahead of the gathering. Eight OPEC+ nations—including Saudi Arabia, Russia, Iraq, and the UAE—have been incrementally unwinding 2.2

Barrel 303

Barrel Oil IT 303

OilPrice

JULY 1, 2025

per barrel to up to $2.00 a barrel over regional benchmarks, according to a Reuters survey of five Asian refining sources. per barrel to up to $2.00 a barrel over regional benchmarks, according to a Reuters survey of five Asian refining sources. Last month, Saudi Arabia reduced its official selling prices…

Oil 224

Oil Barrel IT 224

OilPrice

JULY 11, 2025

According to the International Energy Agency, the Kingdom overshot its June production quota by a whopping 700,000 barrels per day, pumping 9.8 After two years of playing the role of OPEC+ model citizen, Saudi Arabia has decided it’s time to loosen the tie—at least according to the IEA. million bpd—the highest in two years.

Barrel 282

Barrel Energy Energy IT 282

BOE Report

JULY 3, 2025

Barclays on Thursday said it raised its Brent oil price forecast by $6 to $72 per barrel for 2025 and by $10 to $70 a barrel for 2026 on an improved outlook for demand. “Geopolitical tensions have eased as the U.S​.-​mediated

Barrel 122

Barrel Oil IT 122

OilPrice

JUNE 12, 2025

In a note published Thursday, the bank said it sees oil averaging $60 in 2026, but flagged $120–$130 per barrel as a potential range in the event of worst-case outcomes—namely, military conflict and a closure of the Strait of Hormuz, through which one-fifth of global oil flows. and potentially Israel.

Oil 363

Oil Casing Barrel IT 363

Oil & Gas 360º

JUNE 25, 2025

Anschutz produces around 60,000 barrels of oil equivalent per day and adds about 65 new wells a year, Hart Energy reports. million barrels of oil that are technically recoverable resources underlying federal lands. The revolution centers on horizontal drilling. Anschutz Exploration Corp., ” When asked about the future of U.S.

IT 130

IT Basin Oil Exploration and Production 130

OilPrice

JUNE 18, 2025

Brent’s muted response at around $77 per barrel on Wednesday, signals that traders see the odds of an actual closure as remote, despite intensifying hostilities between Iran and Israel.“It It would be very difficult to stop the Strait of Hormuz, because everybody would be affected, including Iran,”…

Barrel 328

Barrel Oil Energy Energy 328

OilPrice

JULY 1, 2025

million barrels per day (bpd), matching the country’s all-time high set in March, according to figures leaked to Reuters. Kazakhstan’s crude oil output jumped 7.5% in June to 1.88 This puts Kazakhstan well over its official OPEC+ quota of 1.5

Condensate 305

Condensate Oil Crude Oil Barrel 305

BOE Report

JULY 10, 2025

WCS for August delivery in Hardisty, Alberta, settled at $10 a barrel under the U.S. a barrel on Wednesday. The discount on Western Canada Select to the North American benchmark West Texas Intermediate futures narrowed on Thursday to its tightest discount this month. benchmark WTI, according to brokerage CalRock, compared with $10.15

Barrel 107

Barrel IT Pipeline 107

Oil & Gas 360º

JULY 11, 2025

million barrels per day this year, up 300,000 bpd from the previous forecast. million barrels per day this year, up 300,000 bpd from the previous forecast. On Monday, when traders reacted to OPEC+’s decision, oil rose nearly 2% towards $70 a barrel, despite the larger than expected output hike and concerns about the impact of U.S.

IT 130

IT Oil Refinery Barrel 130

OilPrice

JULY 7, 2025

State-owned Indian Oil Corporation, the biggest refiner in India, expects international crude oil prices to stabilize in the $65 to $70 per barrel range for the rest of the fiscal year, with potential dips below $65 a barrel, IndianOil chairman AS Sahney told the NDTV Profit outlet on Monday.

Oil 294

Oil Crude Oil Barrel IT 294

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% million tons of crude oil and condensate in 2025, or about 2 million barrels per day (bpd), which would be 9.7% Earlier this year, Kazakhstans energy ministry said that the country plans to produce a total of 96.2

Condensate 351

Condensate IT Oil Crude Oil 351

OilPrice

JULY 11, 2025

million barrels per day (bpd) for each of June and May. Russia’s export revenue from crude oil and petroleum products slumped by 14% in June compared to the same month last year, the International Energy Agency (IEA) said in its monthly report published on Friday. The Kremlin received $13.57

Oil 267

Oil Crude Oil Petroleum Barrel 267

OilPrice

MARCH 15, 2025

Five years after an Exxon-led consortium produced the first oil offshore Guyana, the country is pumping more than 600,000 barrels per day (bpd) of crude and has become South Americas fifth-largest oil exporter. Guyana and ExxonMobil expect oil production to jump to 1.3 million bpd by 2030, which would double the current output volumes.

Oil 363

Oil IT Crude Oil Offshore 363

OilPrice

MAY 5, 2025

In an online meeting on Saturday, key OPEC+ producers led by Saudi Arabia and Russia agreed to raise collective output by 411,000 barrels per day (bpd), nearly triple the volume originally scheduled.

IT 301

IT Oil Barrel 301

OilPrice

JUNE 6, 2025

per barrel—up approximately 4.2%—as OPEC+ Holds Course as Saudi Arabia Defends Market Share OPEC+ stuck to its plan of a 411,000 barrel per day increase for July, reassuring traders who feared a steeper hike… Light crude oil futures rallied this week, closing Thursday at $63.37 as the market digested a cocktail of bullish catalysts.

Oil 221

Oil Crude Oil Barrel IT 221

OilPrice

MAY 28, 2025

Under the budget rule, Russia has a baseline price of $60 per barrel of oil, above which it funnels excess revenue to its National Wealth Fund, a rainy-day reserves fund. Russia could consider adjusting the oil price level in its so-called budget rule amid falling oil prices, Finance Minister Anton Siluanov said on Wednesday.

IT 276

IT Oil Barrel Finance 276

OilPrice

APRIL 18, 2025

Pakistan has recorded the first substantial increase in its domestic oil reserves since 2020, with new discoveries and higher production leading to a 23% annual increase in reserves to 238 million barrels as of December 2024.

IT 289

IT Oil Natural Gas Field 289

OilPrice

JULY 10, 2025

Under the new draft plan, disclosed Thursday, the existing $60-per-barrel cap on Russian seaborne crude would be replaced by a flexible mechanism that tracks international prices, likely pegged to Brent, while staying below market rates to maintain pressure on Kremlin…

Oil 224

Oil Mechanic Barrel IT 224

OilPrice

MARCH 14, 2025

per barrel above the Dubai benchmarkor less. per barrel above the Dubai benchmark. per barrel above the Dubai benchmark. per barrel above the Dubai benchmark. Qatar has followed Saudi Arabia in cutting the price of its al-Shaheen crude for May deliveries, Reuters has reported, citing trade sources.

IT 236

IT Barrel Oil 236

OilPrice

MARCH 25, 2025

Offshore Energies UK said that local energy production was estimated at some 2 billion to 3 billion barrels of oil equivalent until 2050, under the governments net-zero plans, which estimate total energy demand of 13 to 15 billion barrels of oil equivalent in that period.

IT 281

IT Oil Energy Energy 281

OilPrice

JUNE 26, 2025

South Sudan, a landlocked country in East Africa, broke from Sudan in 2011 and took with it around 350,000 barrels of day (bpd) in oil production at the time. However, the only export oil pipeline out of South Sudan passes through its neighbor to the north, Sudan.

Oil 221

Oil Pipeline Barrel IT 221

OilPrice

JUNE 25, 2025

ESPO loadings from Kozmino are expected at 4 million tons, or about 970,000 barrels per day (bpd) in July, up from 3.6 Russia is set to raise the shipments of the ESPO Blend crude from its Far East port of Kozmino in July, after lower exports this month due to maintenance, trading sources told Reuters on Wednesday. million tons in June.

Maintenance 278

Maintenance Barrel IT 278