By Irina Slav – Dec 11, 2025, 1:30 AM CST Citi expects Brent crude to decline further to an average $60 per barrel over the first quarter of the new year, Reuters has reported, citing the bank as expecting inventories in the OECD to go up further, pressuring benchmarks. This is Citi’s bearish case for […]
Citi Sees Oil Prices Falling to $60 in Early 2026 Read More »
Oil tanks US crude oil inventories decreased during the week ended Dec. 5. Meanwhile, gasoline stockpile rose remarkably. Commercial crude inventories fell by 1.8 million barrels, beating expectations for an increase by 1.6 million barrels, according to data released by the Energy Information Administration (EIA) on Wednesday. Gasoline inventories added 6.4 barrels, with distillate stocks—including
US gasoline inventories rise by above 6M barrels Read More »
The EIA raised its forecast for average oil prices this year The US Energy Information Administration (EIA) raised its forecast for average oil prices this year, saying OPEC+ production policy and continued stockpiling by China will limit price declines in the coming months. In its Short-Term Energy Outlook, the EIA projected Brent crude would average
EIA: OPEC+ output policy to limit drop in oil prices Read More »
By Tsvetana Paraskova – Dec 08, 2025, 7:00 PM CST Most investment banks and the EIA forecast that average oil prices will fall below $60 per barrel in 2026 due to an emerging and persistent market oversupply. The oversupply is primarily caused by weak global demand growth combined with rising supply from both OPEC+ and
Why Oil Prices are Set to Fall Below $60 Next Year Read More »
Tom Kool Tom majored in International Business at Amsterdam’s Higher School of Economics and later completed an Executive MBA in Energy Transition at the University of Groningen.… More Info Set us as your preferred Google source Premium Content By Tom Kool – Dec 05, 2025, 10:19 AM CST Oil prices remained stuck in a narrow
CPC Cuts Fail to Lift Brent as Saudi Pricing Undercuts Rally Read More »
The world’s first mass-produced ethanol car, the Fiat 147, motored onto Brazilian roads in 1979. The vehicle crowned decades of experimentation in the country with sugar-cane (and later, corn-based and second-generation sugar-cane waste) ethanol as a homegrown fuel. When Chinese automaker BYD introduced a plug-in hybrid designed for Brazil in October, equipped with a flex-fuel
BYD’s Engine Flexes Between Ethanol, Gasoline, and Electricity Read More »
FILES: Minister of Budget and Economic Planning, Atiku Bagudu The Federal Executive Council (FEC) has approved the 2026-2028 medium-term expenditure framework (MTEF), outlining Nigeria’s economic outlook, revenue targets, and spending priorities for the next three years. Briefing journalists after the FEC meeting on Wednesday in Abuja, the Minister of Budget and National Planning, Atiku Bagudu,
FEC Approves 2026-2028 MTEF, Projects ₦34trn Revenue Read More »
West Texas Intermediate (WTI) Oil price remains in the positive territory for the third successive session, trading around $59.00 per barrel during the Asian hours on Friday. Crude Oil prices edge higher as traders monitor progress in Russia-Ukraine peace talks. Russian President Vladimir Putin indicated that proposals from US President Donald Trump could help shape
WTI holds ground near $59.00 as eyes on Russia-Ukraine peace talks Read More »
Kenyans have secured a supposed victory after the High Court declared the government’s decision to impose a 10 percent import duty on crude palm oil unconstitutional. The ruling, delivered by Justice Bahati Mwamuye on Thursday, halted a policy that had triggered an immediate spike in the cost of basic household commodities. Justice Mwamuye ruled that
Cooking Oil Prices Set for Relief After Court Quashes 10% Palm Oil Duty Read More »
34n1gtf[[rx(a)jlhnma0}1a_media_dl_1.png Petrobras Article content (Bloomberg) — Brazilian oil major Petrobras announced a 2% decrease in its next five-year investment plan to $109 billion in a move to shield its cash flow at a time of lower international oil prices. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your
Petrobras Trims Five-Year Plan to $109 Billion on Low Prices Read More »
