Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. More Info Premium Content By Tsvetana Paraskova – Mar 20, 2025, 7:00 PM CDT OPEC+ early this month confirmed it would begin adding barrels to the market as early as next month […]
$70 Oil? Analysts Cut Forecasts as Supply Surges Read More »
Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com. More Info Premium Content By Alex Kimani – Mar 20, 2025, 6:00 PM CDT Oil demand remains strong despite bearish sentiment, with January consumption reaching 102.77 mb/d. Standard Chartered projects demand to exceed 105 mb/d in mid-2025, even as U.S.
Global Oil Demand Robust Despite Tariff Chaos Read More »
Saudi Arabia grants $97.5m exploration licenses for first mineral belts at Jabal Sayid, Al-Hajjar JEDDAH: Saudi Arabia has granted exploration licenses worth SR366 million ($97.5 million) to local and international companies for its first mineral belts at Jabal Sayid and Al-Hajjar. These two sites, covering a combined area of 4,788 sq. km, are part of
Oil Updates — prices rise on demand outlook strength, weaker US dollar Read More »
Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com. More Info Premium Content By Alex Kimani – Mar 19, 2025, 7:00 PM CDT Standard Chartered: U.S. Oil Producers Are Under-Hedged for 2025-2026. A survey by Standard Chartered found that independent oil producers have hedged only 21% of their 2025
American Oil Is Underhedged and Heavily Exposed Read More »
Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Premium Content By Irina Slav – Mar 19, 2025, 5:00 PM CDT Exxon is planning to boost its oil production regardless of where international oil prices are heading. U.S. Energy Secretary Chris
Big Oil Shrugs at $50 Crude Read More »
Oil drilling rigs Oil prices climbed on Friday as markets evaluated the potential impact of tightened US sanctions on Iran and Russia on global crude supply. At settlement, Brent crude futures for May delivery rose 1%, 70 cents, to $70.58 a barrel, posting a weekly gain of 0.3%. Meanwhile, US WTI crude futures for April
Oil prices rise as markets assess impact of US sanctions on Iran, Russia Read More »
Oil tanks US crude oil inventories increased more than expected during the week ended March 7. Data from the US Energy Information Administration (EIA) released today, March 12, showed that commercial crude oil inventories gained 1.4 million barrels last week, exceeding expectations of a 1.2-million-barrel hike. Meanwhile, gasoline stocks declined by 5.7 million barrels, with
US crude oil inventories rise more than expected; gasoline stocks down Read More »
Synopsis The rupee gained 1 paisa to 87.30 against the US dollar in early trade on Tuesday, aided by a weaker dollar and lower crude oil prices. Domestic equity markets remained volatile amid recession fears in the US and trade uncertainties. The dollar index fell 0.20%, while Brent crude saw a slight rise. US-China trade
Rupee gains 1 paisa to 87.30 against US dollar in early trade Read More »
Oil drilling rigs Oil prices rose further on Friday after Russian statements suggested that OPEC+ could reverse the output increase decision if there are market imbalances. Brent crude futures for May delivery leapt by 1.3%, 90 cents, to $70.36 per barrel. Similarly, US crude futures for April delivery rose 1%, 68 cents, to $67.04 per
Brent crude settles higher, records weekly loss of over 3% Read More »
Oil drilling rigs Oil prices fell on Friday, heading for their first monthly loss since November amid President Donald Trump’s escalating tariff threats against trade partners. Brent crude futures for May delivery dropped 0.57%, or $0.42, to $73.15 a barrel, at 8:54 am Makkah time. Brent crude futures for April delivery lost 0.65%, or $0.48,
Oil prices drop, poised for first monthly loss since November Read More »
