Sun.Jul 06, 2025

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Oil Prices Expected to Stay Under $70

OilPrice

Despite heightened tensions in the Middle East, oil prices are likely to remain capped below $70 per barrel for the rest of the year amid ample supply and uncertainties about demand. Unless actual supply disruptions occur in and around the hotspots in the Middle East, the price of oil will be a function of supply and demand, analysts and investment banks say.

Oil
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OEUK marks the 37th anniversary of the Piper Alpha accident

Offshore Energies UK

Marking the 37 th anniversary of the Piper Alpha accident on Sunday July 6 David Whitehouse, Chief Executive, OEUK said: “In remembering the 37th anniversary of the Piper Alpha accident, our thoughts are with everyone affected—families, friends, and loved ones. The lessons learned from Piper Alpha brought about crucial changes to how our industry operates and continues to drive our commitment to making offshore work as safe as it can be.

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Saudi Arabia Raises Oil Prices

OilPrice

Saudi Aramco will be selling its crude to all buyers next month, even as OPEC+ agreed to boost supply by more than what analysts expected. Kpler’s Amena Bakr published the new Aramco price list on X, showing that the biggest price hike will hit buyers of Saudi crude in Europe. The hike across crude blends is $1.40 per barrel from July. Asian buyers will have to pay between $0.90 and $1.30 more per barrel of Saudi crude next month, while buyers in North America will enjoy the most modest price hi

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HCLTech Expands Partnership with Equinor

Rigzone

SEARCH JOBS >> CREATE ACCOUNT SIGN IN Oil & Gas Jobs ▼ Search Jobs Jobs By Category Featured Employers Ideal Employer Rankings Oil & Gas News ▼ Headlines Most Popular Oil Prices Events Training Equipment SOCIAL Rigzone AI ▼ RigzoneGPT Chatbot Recruitment Job Postings & Talent Database Packages Search CV/Resumes Recruitment Dashboard Post Job FAQ | Advertise WTI Crude $66.50 -0.75% Brent Crude $68.29 -0.74% Natural Gas $3.39 -0.65% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEW

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U.S. Insurers Are Refusing to Cover Climate Change Risk Zones

OilPrice

As countries worldwide experience more regular extreme weather events, insurers have become more reluctant to cover properties in high-risk areas. However, without insurance, it is impossible for many people to gain access to mortgage financing. We are seeing an insurance crisis in the United States, as insurers are becoming less likely to offer coverage for homes in certain areas, particularly those that have experienced natural disasters, such as flooding and wildfire, in recent years.

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Carney says new oil pipeline proposal in Canada is highly likely

BOE Report

A new oil pipeline to the British Columbia coast is highly likely to be included on a list of projects deemed to be of national importance to the Canadian government, Prime Minister Mark Carney told the Calgary Herald newspaper in an interview published on Sunday.

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Basra to Add Four New Water Desalination Plants

Iraq Business News: Oil & Gas

By John Lee. The Iraqi government has approved a proposal from the Basra Governorate to include four new water desalination projects in its development plans. The approved plants are: Shatt Al-Arab Desalination Plant, with a capacity of 5,000 m³/hour; Al-Faw and Al-Seeba Desalination Plant, with a capacity of 3,000 m³/hour; Abu Floos Desalination Plant, with a capacity of 3,000 m³/hour; Safwan Desalination Plant, with a capacity of 1,000 m³/hour.

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A Game-Changing New Tech for Cutting Shipping Emissions

OilPrice

The race is on to decarbonise shipping, a hard-to-abate industry in which it is extremely difficult to cut emissions. Over 50,000 cargo ships are at sea at any moment, and these ships produce around 3 percent of global greenhouse gas emissions, which is even more than aviation, showing the dire need to clean up the industry. The long-term focus is on developing sustainable fuels, hydrogen fuel cells, or batteries big enough to power these giant vessels.

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Ley Antilavado: ¿avance en transparencia o carga excesiva para las empresas?

Oil & Gas Magazine

La reforma a la Ley Antilavado busca cumplir con estándares internacionales, pero podría implicar nuevos costos y riesgos para empresas mexicanas, especialmente pymes. El reto está en equilibrar la transparencia con la viabilidad operativa y evitar sobrerregulación y discrecionalidad. México dio un paso clave en su lucha contra el lavado de dinero y el financiamiento al terrorismo con la aprobación de la reforma a la Ley Federal para la Prevención e Identificación de Operaciones con Recursos de

E&A
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New US Sanctions on Iran Increase Pressure on Iraq

OilPrice

The Trump Administration has increased pressure on the Iranian regime, just weeks after striking Tehran’s nuclear facilities. Trump’s so-called “maximum pressure” sanctions have been stepped up, with Washington announcing new designations covering more than 30 tankers, entities, and individuals. Once again, Iran’s shadow fleet is in the crosshairs of U.S. sanctions, with no relief in sight for the regime in Tehran.

IT
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Do sub $60 oil prices beckon in H2 2025?

Oilholics Synonymous Report

The second half of the current crude oil trading year was ushered in by a larger-than-expected output hike by OPEC+ over the weekend, just ahead of the first week's trades in Asia. The market was largely pricing in a 411,000 bpd hike like the previous month, but got a whopping 548,000 bpd uptick instead. The latest addition effectively unwinds nearly 90% of the "voluntary" OPEC+ cuts in place since 2022.

Oil
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CNBC Daily Open: Most people don't start a political party after separation

CNBC: Energy

It might be easier to realize Musk's dream of colonizing Mars than to bridge the political aisle in the U.S. government today.

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CNBC Daily Open: Elon Musk, founder of companies and political parties

CNBC: Energy

It might be easier to realize Musk's dream of colonizing Mars than to bridge the political aisle in the U.S. government today.