OilPrice

APRIL 7, 2025

Russias flagship Urals crude grade has tumbled alongside all major oil benchmarks in the global market rout and is close to the $50 per barrel threshold for the first time in nearly two years. The price of Urals further dropped on Monday as oil prices continued to fall, with WTI Crude, the U.S.

Oil 359

Oil Barrel 359

OilPrice

MARCH 20, 2025

Oil prices rallied on Wednesday after U.S. per barrel at 12.30 million barrels last week to 437 million barrels, significantly higher than the Wall Street consensus of a 512,000-barrel build. per barrel at 12.30 However, distillate inventories, including diesel and heating oil, fell by 2.8

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Oil Barrel Government 319

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 Crude Oil Upstream Barrel 305

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 330

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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Oil Barrel Energy Energy 290

OilPrice

MAY 12, 2025

Saudi Arabia is again making news in the oil markets. In a move reminiscent of the disastrous price war of 2015-2016 (see OPECs Trillion Dollar Miscalculation), the kingdom has decided to boost oil production in a market that is already adequately supplied.

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Oil Barrel 354

OilPrice

APRIL 1, 2025

The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 6.037 million barrels for the week ending March 28, after a 4.6 million barrel drop in the prior week. million barrels again to 396.4 million barrels in the week ending March 28. million barrels again to 396.4

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Crude Oil American Petroleum Institute API Oil 319

OilPrice

APRIL 8, 2025

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 1.057 million barrels for the week ending April 4, after a 6.037 million barrel spike in the prior week. million barrels again to 396.7 million barrels in the week ending April 4. million barrels again to 396.7

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Crude Oil American Petroleum Institute API Oil 306

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 323

OilPrice

MAY 15, 2025

Significantly lower oil prices in April sent Russias oil export revenues down to the lowest level in nearly two years as the price of Russian grades fell alongside the benchmark international prices, which lost about $10 per barrel last month. Russias revenues from oil exports slumped to $13.2

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Oil Barrel Energy Energy 293

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 327

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 360

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 339

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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Crude Oil Barrel Oil IT 354

OilPrice

MAY 14, 2025

Crude oil inventories in the United States saw an increase of 4 million barrels during the week ending May 9, according to new data from the U.S. Crude oil prices were trading down prior to the crude data release by the U.S. crude oil inventories with draws in gasoline and distillate stocks. At 10:21am in New York, the

American Petroleum Institute 269

American Petroleum Institute Crude Oil Oil API 269

OilPrice

APRIL 7, 2025

The price slump in crude oil that began last week has extended into this one as market players fears about a global recession deepen. At the time of writing, Brent crude was trading at just below $64 per barrel, while West Texas Intermediate was changing hands for $60.54 per barrel, both down by over 2% from Fridays close.

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Crude Oil Oil Barrel 325

OilPrice

MAY 20, 2025

shale production will likely plateau if WTI oil prices remain in the low $60s per barrel, and decline at prices in the $50s, ConocoPhillips chairman and CEO Ryan Lance said at the Qatar Economic Forum on Tuesday. Commenting on oil prices shale firms to profitably drill a new well. shale firms to profitably drill a new well.

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Oil Barrel Energy Energy 299

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 320

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.

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Oil Crude Oil Barrel IT 353

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

Oil 313

Oil Crude Oil Barrel IT 313

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 305

Oil Barrel IT 305

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 359

Crude Oil Oil Barrel Energy 359

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

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 289

Oil Barrel IT 289

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 326

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 320

OilPrice

MARCH 10, 2025

Oil markets have kicked off the new week on the back foot with the oil price selloff deepening amid a raft of bearish catalysts. per barrel at 1.44 per barrel. Brent crude for May delivery fell 1.38% to trade at $69.39 pm ET on Monday, while WTI crude for April delivery declined 1.37% to change hands at $66.12

Oil 298

Oil Crude Oil Barrel 298

Oil & Gas 360º

JUNE 4, 2025

Weekly Crude Oil Storage as of May 30, 2025 U.S. commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 4.3 million barrels from the previous week. million barrels, U.S. Gasoline production decreased last week, averaging 9 million barrels per day. Imports U.S.

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Crude Oil Barrel Oil Petroleum 130

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 341

Oil Crude Oil Barrel Energy 341

OilPrice

MAY 20, 2025

The European Union will propose to G7 finance ministers to lower the price cap on Russian crude from the current $60 per barrel to $50, European Economic Commissioner Valdis Dombrovskis said.

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Oil Insurance Barrel Finance 281

OilPrice

JUNE 3, 2025

Venezuelas oil exports remained largely unchanged in May despite mounting pressure from the U.S. authorized sales as state-run PDVSA scrambled to re-route barrels ahead of tightening sanctions. and the expiration of key licenses that once allowed limited sanctioned trade. Increased shipments to China helped offset a sharp drop in U.S.-authorized

Oil 303

Oil Barrel 303

OilPrice

MAY 21, 2025

Crude oil prices, which had been on the rise earlier this week, retreated partially following a report of an inventory build in the United States that traders apparently did not expect as well as uncertainty surrounding geopolitical developments in the Middle East. per barrel and West Texas Intermediate was changing hands for $61.50

Oil 277

Oil Crude Oil Barrel Energy 277

Oil & Gas 360º

MAY 21, 2025

Weekly Crude Oil Storage as of May 16, 2025 U.S. commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 1.3 million barrels from the previous week. million barrels, U.S. crude oil refinery inputs averaged 16.5 million barrels per day. million barrels per day.

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. commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 4.0 million barrels from the previous week. million barrels, U.S. crude oil refinery inputs averaged 16.4 million barrels per day. million barrels per day.

Crude Oil 130

Crude Oil Barrel Oil Petroleum 130

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

Oil 328

Oil Finance Barrel Energy 328

OilPrice

JUNE 4, 2025

Crude oil inventories in the United States fell by 4.3 million barrels during the week ending May 30, according to new data from the U.S. Crude oil prices were trading up prior to the crude data release by the U.S. million barrels in U.S. crude oil inventories, with a sizable build in gasoline stocks.

American Petroleum Institute 240

American Petroleum Institute Crude Oil Oil API 240

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.

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IT Oil Barrel Finance 245