Oil drilling rigs Oil prices settled higher on Friday but recorded a weekly loss amid uncertainty surrounding trade negotiations between the US and China and the potential for increased supplies from OPEC+. Brent crude futures for June delivery gained 0.48%, or 32 cents, to settle at $66.87 a barrel, trimming their weekly losses to 1.6%. […]
Oil rises, posts weekly loss Read More »
USD/CAD trades near the 1.3900 zone in a tight range ahead of the weekend Contradictory US-China tariff headlines and resilient oil prices shape sentiment Resistance is seen at 1.3893 and 1.3986, with support at 1.3855 The USD/CAD pair holds steady around the 1.3900 zone on Friday as markets weigh fresh US-China trade headlines and stronger
USD/CAD holds firm as mixed trade headlines cloud USD outlook Read More »
Charles Kennedy Charles is a writer for Oilprice.com More Info By Charles Kennedy – Apr 25, 2025, 11:30 AM CDT The world’s biggest oilfield services provider, SLB (NYSE: SLB), flagged heightened uncertainties about upstream oil and gas investment amid fears of economic slowdown, fluctuating oil prices, and unknown tariff talks outcomes and impacts. SLB
SLB Joins Other Oilfield Services Giants to Warn of Gloomier Outlook Read More »
Tom Kool Tom majored in International Business at Amsterdam’s Higher School of Economics, he is Oilprice.com’s Head of Operations More Info Premium Content By Tom Kool – Apr 25, 2025, 11:00 AM CDT Oil prices slipped on Friday, heading for a weekly loss of more than 2%, weighed down by oversupply concerns and ongoing uncertainty
Oil Muted as Trade Talk Buzz Fizzles Read More »
MANILA, Philippines — Fuel prices are expected to increase again next week due mostly to the US’ latest sanctions against Iran and the decline in US crude inventories. Local oil industry sources said that gasoline prices may increase between P0.80 and P1.40 per liter, diesel between P0.40 and P1.00 per liter and kerosene between P0.50
Another round of fuel price increases seen next week Read More »
The Minister of Women Affairs, Imaan Sulaiman-Ibrahim, has raised concern over the alarming number of Nigerian women over 80,000 who die annually from toxic smoke inhalation caused by traditional cooking methods such as firewood and kerosene stoves. Speaking during a stakeholders’ engagement on women’s access to clean energy in Abuja, the minister decried the social
Over 80,000 Nigerian women die annually from toxic cooking smoke – Minister Read More »
Oil prices slipped 2% on Wednesday as sources said OPEC+ would consider accelerating its oil output increases in June, but losses were curbed following a report that U.S. President Donald Trump may cut tariffs on Chinese imports. Brent crude futures settled down $1.32, or 1.96%, at $66.12 a barrel, while U.S. West Texas Intermediate crude
Oil falls 2% after sources say OPEC+ mulls accelerating output Read More »
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Oil steadies after 2% drop on potential OPEC+ output increase Read More »
Oil tanks US crude oil inventories increased for the fourth consecutive week, albeit at a slower pace. Meanwhile, gasoline stockpile fell more than expected, tumbling for the eighth successive week. Crude oil inventories rose by 200,000 barrels in the week ended on April 18, compared to the expectations for a rise by 600,000 barrels, according
US gasoline inventories lose 4.5 mln barrels Read More »
Article content (Bloomberg) — OPEC+’s audacious bid to punish its oil-quota cheats prompted a renewed plunge in crude on Wednesday, as growing tensions with Kazakhstan stoked fears of an escalating price war. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles from
OPEC+ Tensions With Kazakhstan Boil Over Sending Oil Price Lower Read More »
