What’s Affecting Oil Prices This Week? (Aug. 11, 2025)
For the upcoming week, Stratas Advisors expect that crude prices will be under further pressure, and the price of Brent crude could break below $63.
Amigo LNG JV Awards EPC Contract at Guaymas LNG Terminal
Amigo LNG awarded COMSA Marine an EPC contract to build docks for LNG exports from Mexico’s West Coast.
The Crude Oil Market Bets Trump’s India Threats are Hollow: Russell
The crude oil market’s rather sanguine reaction to the U.S. threats to India over its continued purchases of Russian oil is effectively a bet that very little will actually happen. President Donald Trump cited India’s imports of Russian crude when imposing an additional 25% tariff on imports from India on August 6, which is due …
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Malaysia’s Petronas to Boost International Portfolio to 60% Over Next Decade
Malaysia’s state energy firm Petronas plans to raise the share of its international portfolio to 60% of its total business over the next decade, it said on Monday. The firm will build on its current international portfolio, which now accounts for around 40% to 50% of its investments, by integrating its domestic expertise with global …
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Denmark’s Orsted Seeks $9.4 billion as US wind Market Falters
Denmark’s Orsted seeks $9.4 billion as US wind market falters Summary Shares drop almost 30% after rights issue announcement Says cash will provide financial robustness in 2025-2027 Discontinues US project sale Danish state to maintain majority stake in Orsted Morgan Stanley to underwrite any unsubscribed shares COPENHAGEN, Aug 11 (Reuters) – Denmark’s Orsted on Monday asked …
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Trump’s Attack on Wind, Solar Cuts Deeper Than Industry Expected
The Trump administration has instituted permitting reviews and imposed standards that threaten US wind and solar developments, and has rescinded Biden-era decisions earmarking coastal waters for future wind turbines. The actions have contributed to the cancellation or delay of more than $22 billion worth of clean energy projects since January and the loss of thousands …
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Vance Says Ukraine Peace Deal Unlikely to Satisfy Either Side
U.S. Vice President JD Vance said a negotiated settlement between Russia and Ukraine is unlikely to satisfy either side, and any peace deal will likely leave both Moscow and Kyiv “unhappy.” He said the U.S. is aiming for a settlement both countries can accept. “It’s not going to make anybody super happy. Both the Russians …
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Competing Bid Received in US Auction of Shares in Citgo’s Parent
(Reuters) – A U.S. federal court auctioning shares in the parent of Venezuela-owned U.S. refiner Citgo Petroleum to pay creditors for expropriations and debt defaults has received a competing bid, an officer overseeing the process said in a filing. A $7.4 billion bid by a group led by a subsidiary of Canadian miner Gold Reserve was recommended last month as winner …
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Norway Prepares First Major Oil, Gas Licensing Round in Years
(Reuters) – Norway’s energy minister said on Friday he is preparing to launch a new oil and gas licensing round on the Norwegian continental shelf, the first offer of new drilling permits in unexplored frontier regions since 2021. “Norway will be a long-term supplier of oil and gas to Europe, while the Norwegian continental shelf …
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Oil Steadies on Reports of US-Russia Deal, Ends Week About 5% Lower
Summary US, Russia aim to reach a deal to halt the war in Ukraine Latest US tariffs raise concerns over economic activity Trump threatens further sanctions on buyers of Russian oil US oil rig count rises by one to 411 HOUSTON, Aug 8 (Reuters) – Oil held steady on Friday as markets awaited a meeting …
Oil Steadies on Reports of US-Russia Deal, Ends Week About 5% Lower Read More »