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Saudi Arabia’s January Crude Exports Rose, Output Highest Since 2023, JODI Says

CDN and International News, Conventional Energy, Latest, Oil / By

(Reuters) – Saudi Arabia’s crude exports in January rose to 6.993 million barrels per day from 6.988 million bpd in December while crude output hit its highest since April 2023, data from the Joint Organizations Data Initiative (JODI) showed on Wednesday. The world’s largest oil exporter, Saudi Arabia currently faces trouble exporting as war in …

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Ranked: The Top Crude Oil Producers in 2025 – Visual Capitalist

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Oil, US News / By

By Gabriel Cohen | Editing Niccolo Conte | Design Sabrina Lam Key Takeaways The U.S. was the world’s largest crude oil producer in 2025, pumping 13.58 million barrels per day. Five of the world’s top 10 crude oil producers are in the Middle East. Russia and Saudi Arabia ranked second and third globally, each producing …

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COMMENTARY: Latest Oil Crisis Readies Hammer for Demand Curve

Conventional Energy, Energy Topics & Technology, Gasoline, Latest, Oil, US News / By

By Robert Cyran NEW YORK, March 18 (Reuters Breakingviews) – It took two Middle East oil shocks for the world to really focus on energy efficiency. The result was a multi-decade, steady reduction in the amount required to produce a certain amount of wealth. If the region’s latest crisis persists, it will accelerate the trend …

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COMMENTARY: Assessing Energy Security in Europe, US and China as Iran Crisis Drags On

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By Gavin Maguire LITTLETON, Colorado, March 18 (Reuters) – As the U.S.-Israeli war against Iran heads towards its fourth week, pressure is mounting on major economies dependent on fossil fuels to keep their power sectors, transport fleets, and homes and businesses running. Global prices of natural gas, fuels, fertilizers, industrial acids and other products have …

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Why Oil-Spooked Markets May be Wrong About the Fed: Joachim Klement

Conventional Energy, Latest, Oil, US News / By

Markets on edge about the Iran-war-driven oil shock are extrapolating today’s stress far into the future – and may thus be badly misjudging how dovish the Federal Reserve will be this year. The oil price spike, which sent Brent crude into triple digits last week, has increased U.S. inflation risks and reduced market expectations for …

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US Oil Loan From Emergency Reserve Depends on Stiff Premiums

Conventional Energy, Latest, Oil, US News / By

A U.S. plan to help control global oil prices with a swap of millions of barrels of oil from the Strategic Petroleum Reserve depends on energy companies returning oil back to the facility with high premiums in the form of additional barrels, which some traders said could deter participation. The exchange is part of a …

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US Drivers Face Long-Term Pain at Pump, Analysts Say; Trump Bets They are Wrong

Conventional Energy, Energy Topics & Technology, Gasoline, Latest, Oil, US News / By

  Summary US EIA lifts forecast for average 2026 crude price by 37% EIA’s average gasoline price estimate for 2026 is up 15% US pump price of $3.79/gallon is up from $2.92 a month ago (Reuters) – President Donald Trump and congressional Republicans are betting the oil-price shock sparked by the Iran crisis will be …

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Russia Fails to Capitalise on Oil Rally due to Weather, Drone attacks, According to Data, Sources

CDN and International News, Conventional Energy, Latest, Oil / By

By Reuters Russia is struggling to fully benefit from the surge in global oil prices from the Middle East war as drone ​attacks on export infrastructure and bad weather curb its oil ‌exports, according to Reuters estimates based on LSEG data and industry sources. Asian states including Thailand, Indonesia, Sri Lanka and others expressed interest in Russian oil …

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BP Locks Out Union Workers at its Midwest Refinery

Conventional Energy, Energy Topics & Technology, Latest, Oil, Refineries, US News / By

BP locks out union workers at its Midwest refinery BP on Tuesday said it will lock out approximately 800 United Steelworkers members from its 440,000 barrel-per-day Whiting, Indiana, refinery starting at 12:00 a.m. on March 19, citing a breakdown in negotiations over a new labor agreement. The British oil major ended its 24-hour rolling contract …

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China’s Economic Hand Quietly Strengthens as Trump Hogs Spotlight: McGeever

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By Jamie McGeever (Reuters) – With much of the world’s focus this year fixed on U.S. President Donald Trump’s controversial foreign policy agenda, many may have missed China’s quiet – but significant – economic renaissance. The U.S. president was originally scheduled to meet China’s President Xi Jinping for a summit in Beijing on March 31-April …

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