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Canada Warms Up to Fossil Fuels With New LNG Export Terminal Read More »
WTI Crude Oil remains under pressure near mid-$65s amid thin holiday trading and a lack of fresh catalysts. Traders remain cautious ahead of the July 5 OPEC+ meeting and the July 9 deadline for potential US tariff action. OPEC+ is expected to approve a third consecutive supply increase for August, though actual output remains below
WTI Crude Oil consolidates near key support, OPEC+ decision looms Read More »
Oil drilling rigs Barclays on Thursday said it raised its Brent oil price forecast by $6 to $72 per barrel for 2025 and by $10 to $70 a barrel for 2026 on an improved outlook for demand, Reuters reported. “Geopolitical tensions have eased as the US.-mediated ceasefire between Israel and Iran continues to hold and
Barclays raises Brent forecast to $72/brl for 2025 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 – Jul 04, 2025, 1:25 AM CDT Crude oil prices were on course for a modest weekly gain today, buffeted by both headwind and tailwinds, including OPEC+ policy, U.S.
Oil Prices Set to End the Week With a Modest Gain Read More »
The International Monetary Fund (IMF) expects the gulf between this year’s budgetary spending and revenue of Africa’s biggest oil producer to widen further in the face of geopolitical threats to the prices of crude, which contributes around two-thirds of government income. Oil has been hit by a mix of shocks since January, including Donald Trump’s
IMF warns Nigeria of increased budget deficit as oil prices fall Read More »
The federal government has been advised to cut down its N54.99 trillion 2025 budget to reflect a less favourable oil price environment. The International Monetary Fund (IMF), which made this call, also warned that the country remained vulnerable to external shocks despite recent macroeconomic gains. In its latest Article IV Consultation with Nigeria, the IMF
Lower Oil Prices: Reduce 2025 Budget, IMF Urges Nigeria Read More »
…Forecasts 3.4% economic growth for Nigeria in 2025 …Calls for sustained tight monetary policy, ‘robust’ FX reform …$17.4trn upstream investment required to avoid global market deficit — OPEC By Seun Ibiyemi The International Monetary Fund (IMF) has cautioned that Nigeria remains vulnerable to external economic shocks despite notable macroeconomic reforms, calling on the Federal Government
Oil prices: IMF urges FG to review 2025 budget outlook, warns of fiscal vulnerability Read More »
August WTI crude oil (CLQ25) today is down -0.66 (-1.01%), and August RBOB gasoline (RBQ25) is down -0.41 (-0.20%). Crude oil and gasoline prices are under pressure today due to expectations that OPEC+ will increase its crude production level by another 411,000 bpd when they meet on Sunday. Comments from President Trump also weighed on
Crude Oil Price Pressured by Global Oversupply Concerns Read More »
Indian Rupee weakens despite broader US Dollar softness, pressured by equity losses and higher Oil prices. The USD/INR bounces from 85.50 support, hovers near the 50-day EMA. US-India interim trade deal expected by July 8, tariff risks and Fed rate cut bets in focus. The Indian Rupee (INR) trades on the back foot against the
USD/INR recovers as Rupee slips on Oil bounce, equity weakness Read More »
kbdmwjo0{6x8lhoe10uw{kbb_media_dl_1.png Bloomberg Article content (Bloomberg) — The worst may be over for the Philippine peso as falling oil prices boost the outlook for an economy that’s heavily reliant on oil imports. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Barbara
Beaten Up Philippine Peso Set for Reprieve as Crude Retreats Read More »
