Oil drilling rigs Oil prices deepened their losses today, April 3, after OPEC+ surprised the markets by agreeing to boost supplies in May with an increase equivalent to three monthly increments from its previous output hike plan. This was compounded by fears of a global recession due to US President Donald Trump’s reciprocal tariffs. Brent […]
Oil drops over 5.5% after OPEC+ decision Read More »
South African motorists can expect some relief at the pumps ahead of the Easter break, with a significant drop in petrol price in April. The price of petrol is projected to decrease by almost R1 per litre, according to the latest estimates. For months, high fuel costs have strained the budgets of many South Africans,
Joy for motorists this Easter: Petrol price to drop by a large margin! Read More »
Oil drilling rigs Oil prices declined on Friday, as markets worried that the US trade war could spark a global recession, yet they marked their third consecutive weekly gain. Brent crude futures for May delivery settled 0.55%, or 40 cents, lower at $73.63 a barrel, but gained over 2% for the week. WTI crude futures
Brent crude settles lower, posts gains for third straight week 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 By Irina Slav – Mar 28, 2025, 2:38 AM CDT Crude oil prices were on course for their third weekly rise as concern grew about supply after President Trump threatened 25% tariffs
Oil Prices Set to Extend Winning Streak on U.S. Sanction Action Read More »
By Irina Slav – Mar 27, 2025, 7:00 PM CDT Russia’s Central Bank warns of a period of lower oil prices. Rising U.S. and non-OPEC production could trigger lower crude prices: Prime Minister Mikhail Mishustin. Any talk of sanction lifting will pummel oil prices. Russia’s central bank issued a warning to the government that oil
Russia’s Central Bank Warns of Prolonged Oil Price Slump Read More »
By Alex Kimani – Mar 26, 2025, 7:00 PM CDT Oil prices rallied on Wednesday, with WTI crude climbing to near $70 per barrel. This week, U.S. President Donald Trump announced that any country that buys oil or gas from Venezuela will pay a 25% secondary tariff on trade with the United States. The secondary
Oil Prices Gain On Venezuela Tariffs Read More »
Charles Kennedy Charles is a writer for Oilprice.com More Info By Charles Kennedy – Mar 24, 2025, 2:46 AM CDT China’s state oil major Sinopec reported a net profit of almost $7 billion for 2024, which represented a 16.8% decline on the year, attributed to lower oil prices and electric cars. “In 2024, international crude
Sinopec Books Lower Profit for 2024 on Oil Price Slide Read More »
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 18, 2025, 6:00 PM CDT The benchmark U.S. natural gas price at Henry Hub has more than doubled in one year. EIA: The
Price Rally Sets The Stage for U.S. Natural Gas Boom Read More »
The Indian Rupee edges lower in Tuesday’s early European session. Higher crude oil prices undermine the INR, but US Dollar sales from foreign banks might cap its downside. The Fed interest rate decision will take center stage on Wednesday. The Indian Rupee (INR) softens on Tuesday. A rise in crude oil prices amid the escalating
USD/INR trades with mild gains amid roiling geopolitical tensions Read More »
Simon Watkins Simon Watkins is a former senior FX trader and salesman, financial journalist, and best-selling author. He was Head of Forex Institutional Sales and Trading for… More Info Premium Content By Simon Watkins – Mar 17, 2025, 7:00 PM CDT OPEC+ is increasing production despite economic risks. Saudi Arabia and OPEC+ are wary of
Why OPEC+ is Supporting a Potentially Disastrous Rise in Oil Production Read More »
