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(Reuters) – U.S. trade negotiators have told their Indian counterparts that curbing purchases of Russian oil is crucial to reducing India’s tariff rate and sealing a trade deal, two people familiar with the talks told Reuters. While trade negotiations are on a positive track, a U.S. official said, more work is needed to ensure India …
US Tells India Russian Oil Curbs Key to Trade Deal Progress Read More »
Ukraine’s repeated strikes on Russian energy infrastructure have dealt a serious blow to Moscow’s vital fuel exports just as Western sanctions are tightening. But if these attacks are too successful, they risk raising the ire of U.S. President Donald Trump. The conflict between Russia and Ukraine that began in 2022 took a sharp turn in …
Ukraine strikes on Russian Oil Might be Too Successful for Trump’s Liking: Bousso Read More »
Summary OPEC+ has failed to hit its increased targets Some members struggle to raise output Some face curbs because of previous overproduction OPEC+ may deliver only half of next output hikes (Reuters) – OPEC+ has delivered about three quarters of the extra oil output it targeted since the group started production hikes in April, and …
OPEC+ is Poised to Slip Further Below Oil Output Target Read More »
Summary Ukraine attacks dent Russian refining capacity Some Russian regions face fuel shortages Iraq’s Kurdistan to resume oil flows to Turkey Brent and WTI benchmarks set for 4% weekly gains (Reuters) – Oil prices edged up on Friday, on track for a more than 4% weekly gain, as Ukraine’s attacks on Russia’s energy infrastructure prompted …
Oil Set For Biggest Weekly Gain in Three Months as Russia Cuts Fuel Exports Read More »
By Stephanie Kelly and Shadia Nasralla Last year’s edition saw peak oil demand in 2025 Renewables to overtake coal share in energy mix by 2040 Natural gas demand set to grow almost 20% by 2040 LONDON, Sept 25 (Reuters) – BP (BP.L) said on Thursday it expects global oil demand to grow until 2030, five …
BP Sees Oil Demand Growth Until 2030 Due to Slowing Energy Efficiency Gains Read More »
(Reuters) – Slovakia expects to find “common ground” with the United States after pressure to end Russian energy purchases, Slovak Prime Minister Robert Fico said on Thursday as he defended receiving supplies from Moscow. The European Union has sought to isolate Russia for its 2022 invasion of Ukraine and to phase out purchases of Russian …
Slovakia’s Fico Seeks ‘Common Ground’ With US on Russian Energy Supplies Read More »
Chevron said on Thursday it was expecting a loss of $200 million to $400 million in the third quarter due to the impact related to the acquisition of Hess. Chevron closed its $55 billion buyout of Hess in July after winning a landmark legal battle against larger rival Exxon Mobil to gain access to the largest oil discovery …
Chevron Expects up to $400 Million Quarterly Impact from Hess Deal Read More »
By Scott Disavino Surprise drop in US crude inventories boosts oil prices Ukraine strikes Russian oil stations, raising supply concerns Iran says crude sales to China should continue irrespective of UN sanctions snap-back NEW YORK, Sept 24 (Reuters) – Oil prices climbed about 3% to a seven-week high on Wednesday as a surprise drop in …
Oil Prices Surge 3% to 7-Week High as Surprise US Stockpile Draw Adds to Supply Worries Read More »
(Reuters) – Oil and gas production and activity in the key producing states of Texas, Louisiana and New Mexico declined slightly in the third quarter of 2025, according to the Dallas Fed on Wednesday. Costs among oilfield service firms rose in the third quarter compared with the second quarter, but at a slower pace. Companies …
Oil, Gas Production Slipped in Q3 2025, Dallas Fed Survey Shows Read More »
By Tegan Hill and Elmira Aliakbari Prime Minister Carney’s recently released list of five projects—which the government deems to be in the national interest and will expedite—doesn’t include a new oil pipeline for western Canada in general or Alberta in particular. The reason given was that no private developer stepped forward to finance or build one. But …
COMMENTARY: Canadian Federal Policies Continue to Block Oil Pipelines Read More »
