Oil

Auto Added by WPeMatico

Oil Steady as Traders Ready for Possible Indian Halt of Russia Imports

Conventional Energy, Latest, Oil, Tri-Pinned / By

Summary Trump said India will halt Russian oil purchases India said its goals are to ensure stable energy prices, secure supply Bessent told Japan Finance Minister that US expects Japan to stop importing Russian energy The UK announced new sanctions targeting Russian oil (Reuters) – Oil prices were stable on Thursday as market traders prepared …

Oil Steady as Traders Ready for Possible Indian Halt of Russia Imports Read More »

Bessent Says US Expects Japan to Stop Buying Russian Energy

Conventional Energy, Latest, Natural Gas, Oil, US News / By

U.S. Treasury Secretary Scott Bessent said on Wednesday that he told Japanese Finance Minister Katsunobu Kato that the Trump administration expects Japan to stop importing Russian energy. “Minister Kato and I also discussed important issues pertaining to the U.S.-Japan economic relationship and the Administration’s expectation that Japan stop importing Russian energy,” Bessent said on X, …

Bessent Says US Expects Japan to Stop Buying Russian Energy Read More »

Trump Says Modi Has Assured Him India Will Not Buy Russian Oil

Conventional Energy, Latest, Oil, US News / By

U.S. President Donald Trump said on Wednesday that Indian Prime Minister Narendra Modi has pledged to stop buying oil from Russia, and Trump said he would next try to get China to do the same as Washington intensifies efforts to cut off Moscow’s energy revenues. India and China are the two top buyers of Russian …

Trump Says Modi Has Assured Him India Will Not Buy Russian Oil Read More »

BofA Says US-China Trade Tensions, OPEC+ Output Boost Could Push Brent Below $50

CDN and International News, Conventional Energy, Energy Topics & Technology, Forecasts, Latest, Oil / By

(Reuters) – Bank of America on Wednesday said that if U.S.-China trade tensions intensify while OPEC+ production ramps up, Brent prices could slip below $50 a barrel. The bank maintained its Brent forecast at $61 a barrel for the final quarter of 2025 and $64 a barrel for the first half of 2026, citing a …

BofA Says US-China Trade Tensions, OPEC+ Output Boost Could Push Brent Below $50 Read More »

Tanker Diversions From Sanctioned Chinese Terminal May Cause Congestion at Other Ports

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

(Reuters) – Trading firms have diverted at least five more crude oil tankers from a major port in eastern China after the U.S. imposed sanctions on an import terminal there, according to trading sources and shipping data. The U.S. sanctions have disrupted plans for the country’s refiners to unload their cargoes at the port of …

Tanker Diversions From Sanctioned Chinese Terminal May Cause Congestion at Other Ports Read More »

OPEC+ is Key to Strengthening Russia and Saudi Interests, Russia Says

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, OPEC / By

By Olesya Astakhova and Vladimir Soldatkin Novak says OPEC+ key to long-term national interests OPEC head repeats call for investments in oil and gas Energy security key to climate action success, Saudi minister says Saudi minister sees Europe struggling with transition challenge MOSCOW, Oct 15 (Reuters) – Collective action within oil producer group OPEC+ is …

OPEC+ is Key to Strengthening Russia and Saudi Interests, Russia Says Read More »

OPEC to Hire Consultant to Assess Members’ Capacity, Says Kuwaiti Minister

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, OPEC / By

Oct 15 (Reuters) – The Organization of the Petroleum Exporting Countries (OPEC) is moving to appoint “one of the top consultants” to visit member states and assess their production capacity in the coming months, Kuwait’s oil minister Tareq Al-Roumi said on Wednesday. OPEC+ ministers asked OPEC’s headquarters in May to develop a mechanism to assess …

OPEC to Hire Consultant to Assess Members’ Capacity, Says Kuwaiti Minister Read More »

Improved Drilling to Boost Gulf of Mexico Offshore Oil Output as US Onshore Growth slows​

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

Rigs drilling beneath the deep waters of the Gulf of Mexico will drive U.S. oil industry growth this year and next as onshore production slows due to lower prices and maturing shale fields, and analysts and consultants expect the trend to continue as new technology and friendly regulations attract investment offshore. The offshore oil and …

Improved Drilling to Boost Gulf of Mexico Offshore Oil Output as US Onshore Growth slows​ Read More »

Supertanker Freight Rates Up Sharply as US-China Trade War Envelops Ports

Conventional Energy, Latest, Oil, US News / By

Summary MidEast to Asia VLCC rate hit 2-week high on Monday China to charge about $15 million in port fees for US-linked VLCC, trader says Ships divert to Zhoushan after US sanctions Rizhao port (Reuters) – Supertanker freight rates surged this week and are set to stay elevated on U.S.-China tit-for-tat hikes in port fees …

Supertanker Freight Rates Up Sharply as US-China Trade War Envelops Ports Read More »

OPEC Doubles Down on View That Oil Demand Will Stay Strong

CDN and International News, Energy Topics & Technology, Latest, Oil, OPEC / By

Summary OPEC head repeats call for investments in oil and gas Energy security key to climate action success – Saudi minister Saudi minister sees Europe struggling with transition challenge (Reuters) – The head of OPEC and the producer group’s most influential energy minister on Wednesday defended oil’s role in providing secure energy supplies, pushing back …

OPEC Doubles Down on View That Oil Demand Will Stay Strong Read More »

Subscribe
Subscribe