OilPrice

JUNE 6, 2025

Light crude oil futures rallied this week, closing Thursday at $63.37 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…

Oil 231

Oil Crude Oil Barrel IT 231

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…

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Barrel Oil IT 314

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

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Oil IT Crude Oil Offshore 363

OilPrice

MAY 28, 2025

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. 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.

IT 273

IT Oil Barrel Finance 273

OilPrice

MAY 23, 2025

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. million tons of crude oil and condensate in 2025, or about 2 million barrels per day (bpd), which would be 9.7%

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IT Condensate Oil Crude Oil 349

OilPrice

JUNE 18, 2025

The Strait of Hormuz may be one of the most strategically sensitive energy corridors in the world, but the oil market isn’t blinking, yet, with Eni CEO Claudio Descalzi predicting Iran will not be able to afford this option. It would be very difficult to stop the Strait of Hormuz, because everybody would be affected, including Iran,”…

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Barrel Oil Energy Energy 319

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. Eli Hartman | Reuters Oil markets are entering a new phase of uncertainty after the U.S.

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Barrel Oil Finance Crude Oil 105

OilPrice

MAY 5, 2025

Goldman Sachs has slashed its oil price forecast for a third time in one month after OPEC+ decided this weekend to hike production in June with a similar 410,000-bpd increase it is implementing in May. The move follows a similar surge announced for May and signals a sharp reversal from OPEC+ efforts to defend oil prices.

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IT Oil Barrel 294

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.

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IT Oil Natural Gas Field 285

OilPrice

MAY 18, 2025

Goldman Sachs analysts have revised their outlook for global oil demand upwards, now expecting growth of 600,000 barrels daily this year and 400,000 barrels daily in 2026. Brent crude was trading at over $65 per barrel at the time of writing, and WTI was trading at over $62.

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Oil Barrel IT 334

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 332

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.

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IT Oil Energy Energy 276

OilPrice

APRIL 14, 2025

Goldman Sachs has reduced its outlook for oil prices for the third time since the start of April, now expecting Brent crude to average $63 this year and $58 in 2026. The bank sees WTI at an average of $59 per barrel this year, falling to $55 in 2026, Reuters reported.

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Oil Barrel IT 343

OilPrice

MARCH 7, 2025

Higher exports and increased demand from the huge new African refinery, Dangote, pushed Nigerias oil production in February 70,000 barrels per day (bpd) above its OPEC+ quota of 1.5 The rise in Nigerian oil production and an increase in Irans output despite U.S. million bpd, a Reuters survey showed.

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IT Oil Refinery Barrel 256

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. per barrel, with West Texas Intermediate at $67.41 per barrel, after on Wednesday Iran’s defense minister threatened strikes on U.S. per barrel, with West Texas Intermediate at $67.41

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Oil Crude Oil Barrel Casing 145

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 348

OilPrice

APRIL 11, 2025

The April market rout, which crashed oil prices into the low $60s per barrel, is creating additional fiscal challenges to petrostates and oil-producing countries heavily dependent on oil revenues, on top of any tariff-related hardships. Oil at $60 is about $20 to $30 per barrel

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Oil Barrel IT 325

OilPrice

JUNE 4, 2025

WTI oil prices are set to average $58.30 per barrel this year, amid rising OPEC+ and U.S. production and relatively stable global oil demand, a survey of banks by law firm Haynes Boone showed on Wednesday. per barrel in 2025, down from $61.89 a barrel expected in Haynes Boones Fall 2024 survey.

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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.

Oil 328

Oil Crude Oil Barrel IT 328

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.

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IT Barrel Oil 244

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. million bpd.

Oil 349

Oil Crude Oil Barrel IT 349

OilPrice

APRIL 10, 2025

The recent reiteration by Iraq Oil Ministry of a 7 million barrels per day (bpd) oil production target within the next five years has spurred activity among Chinese firms that continue to dominate the countrys oil and gas sector.

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Oil Barrel Management Gas 332

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 270

OilPrice

APRIL 8, 2025

Crude oil prices slumped to their lowest level since 2021 after the U.S. per barrel, with West Texas Intermediate at $57.04 per barrel, both down by close to 4% from Tuesdays close. per barrel, with West Texas Intermediate at $57.04 per barrel, both down by close to 4% from Tuesdays close.

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Barrel Oil Crude Oil IT 353

Oil & Gas 360º

JUNE 9, 2025

(Oil Price) – Trend-following commodity trading advisors (CTAs) could soon begin covering their significant short positions in oil, driving prices higher, according to Bank of America analysts cited by Investing.com. Early on Monday, oil prices were up by about 0.5%, with Brent above $66 and WTI rising to $64.85

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OilPrice

MAY 5, 2025

Big Oil majors have no plans to scale back their budgets despite oil prices softening and more barrels poised to hit the market. That may sound reckless in a bearish environment, but its anything but.

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Oil Barrel IT 322

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.

Oil 347

Oil Crude Oil Barrel Energy 347

OilPrice

MARCH 14, 2025

Shale titan Harold Hamm isnt mincing wordsif oil prices stay this low, drilling in some of Americas prized shale fields could grind to a halt. Speaking at CERAWeek in Houston, the Continental Resources founder warned that with oil hovering near $65 a barrel, many U.S. Its not exactly the raucous celebration oil executives had

Oil 360

Oil Field Barrel IT 360

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. per barrel. [O/R]

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Oil Barrel Casing Sustainable 130

OilPrice

MARCH 11, 2025

ExxonMobils eighth oil project offshore Guyana will also be the biggest natural gas development of the Exxon-led consortium in the prolific Stabroek Block. Exxon and its partners in Guyanas oil projects, U.S. Hess Corp and CNOOC of China, expect to produce up to 1.5

Natural Gas 247

Natural Gas Gas Condensate IT 247

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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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

Oil 325

Oil Barrel IT 325

OilPrice

MAY 20, 2025

The biggest international oil firms used the first-quarter earnings calls to reassure investors that Big Oil is in a business as usual mode at oil prices at $60 per barrel. The market rout began on April 2, just after the first quarter ended, so the worlds top international

Oil 324

Oil Barrel IT 324

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 344

Oil Crude Oil Barrel IT 344

OilPrice

MAY 30, 2025

This weekend, OPEC+ may debate boosting oil production in July by more than the 411,000-bpd monthly hikes it has announced for May and June, sources with knowledge of the discussions at the production group told Reuters on Friday. The new OPEC+ strategy largely

Oil 304

Oil Barrel IT 304

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. Russia now sees its oil and gas revenues at about $101.7 billion (8.32 billion (8.32

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Oil Finance Barrel Energy 325

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 312

Oil Crude Oil Barrel IT 312