- — Middle East Crude-Benchmarks extend gains to one-month high over supply fears
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at 4/3/25 11:00amMiddle East crude benchmark spot premiums of Oman, Dubai and Murban rose for a second session on Thursday, hitting a more than one-month high as Russia tightened restrictions on Black Sea oil export ports. Russia, the worlds second-largest oil exporter, on Wednesday imposed restrictions on another major oil export route, suspending a mooring at the ...- — Oil, copper slide as Trump tariffs rattle markets; gold hits record high
- at 4/3/25 4:00amCommodities including oil, copper and agricultural products fell on Thursday as U.S. President Donald Trumps aggressive tariffs on key trading partners fuelled fears of a global recession, while safe-heaven gold jumped to an all-time high. Trump announced a 10% minimum tariff on most U.S. imports, with significantly higher duties on goods from dozens of countries ...
- — US oil producers face new challenges as top oilfield flags
- at 4/3/25 4:00amU.S. oil producers are grappling with geological limits to production growth as the countrys top oilfield ages and produces more water and gas and less oil and may be nearing peak output. The Permian basin was the centerpiece of the shale revolution that began nearly two decades ago and spurred the U.S. to become ...
- — U.S. natural gas consumption set new winter and summer monthly records in 2024
- at 4/3/25 4:00amIn 2024, U.S. natural gas consumption averaged a record 90.3 billion cubic feet per day (Bcf/d) and set new winter and summer monthly records in January and July, according to data in our Natural Gas Monthly. Overall, U.S. consumption last year increased 1% (0.9 Bcf/d) from 2023. In January, natural gas consumption was up 12% ...
- — OPEC+ to discuss Kazakhstan output at Thursday’s meeting, sources say
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at 4/2/25 3:00pmEight OPEC+ countries meeting on Thursday will focus debates on how to convince Kazakhstan to stop exceeding its output quota and its plans to compensate for overproduction as the group steps up gradual production hikes, two delegates told Reuters. Record Kazakh output has angered several other members of the group, including top producer Saudi Arabia, ... - — US crude and distillate inventories rise, gasoline stocks fall, EIA says
- at 4/2/25 3:00pmU.S. crude oil and distillate inventories rose while gasoline inventories fell last week, the Energy Information Administration said on Wednesday. Crude inventories rose by 6.2 million barrels to 439.8 million barrels in the week ending March 28, the EIA said, compared with analysts expectations in a Reuters poll for a 2.1 million-barrel draw. Crude stocks ...
- — US crude inventories rise as imports jump ahead of new tariffs, EIA says
- at 4/2/25 3:00pmU.S. crude oil stockpiles rose sharply last week as refinery utilization declined and imports rose and the market braced for new tariffs from the Trump administration, the Energy Information Administration said on Wednesday. Crude inventories rose by 6.2 million barrels to 439.8 million barrels in the week ending March 28, the EIA said, compared with ...
- — Sinopec Discovers Record Amounts of Shale Oil in Its East China Shengli Oilfield
- at 4/2/25 3:00pmChina Petroleum Chemical Corporations (HKG: 0386, Sinopec or the Company) announced the discovery of over 140 million tonnes of proven geological reserves of shale oil with technically recoverable reserves of 11.3599 million tonnes at its Shengli Oilfields Jiyang shale oil national demonstration zone in East Chinas Shandong province on March 24, 2025. This is ...
- — OPEC: What does ‘green’ really mean?
- at 4/2/25 3:00pmSome energy sources get called green. Such a term or slogan can obscure energy realities. It is important we explore what green actually means. If green means no greenhouse gases emissions, then the full carbon footprint of an energy source should be considered, including production processes and transportation. For example, the manufacture, installation, operation and ...
- — Oil steadies as market awaits fresh US tariffs
- at 4/2/25 4:00amOil prices were little changed on Wednesday as traders remained cautious ahead of U.S. tariffs due to be announced at 2000 GMT, fearing they could exacerbate a global trade war and dampen demand for crude. Brent futures were down 7 cents, or 0.09%, at $74.42 a barrel by 0858 GMT. U.S. West Texas Intermediate crude ...
- — Asia outshines Europe and US in 2025 energy transition momentum
- at 4/2/25 4:00amThe year is still young, but Asia has already built up a considerable lead over several European countries and the United States in terms of energy transition progress so far in 2025. Large Asian nations including China, India, South Korea and Japan all reduced fossil fuel use and boosted clean power output by more than ...
- — U.S. crude oil inventories up last week: API
- at 4/2/25 4:00amThe American Petroleum Institute (API) on Tuesday reported an increase of 6.037 million barrels of crude oil in U.S. inventories for the week ending March 28. The API reported a decline of 4.600 million barrels in the previous week. Oil prices dipped on Tuesday. The West Texas Intermediate for May delivery lost 28 cents, or ...
- — China’s oil consumption to tick up 1.1% in 2025, CNPC think tank says
- at 4/2/25 4:00amChinas oil consumption will rise 1.1% in 2025 to 765 million metric tons amid better than expected economic growth and increasing demand for petrochemicals, a think tank affiliated with state energy company China National Petroleum Corp (CNPC) said on Tuesday. Oil demand from the petrochemical sector still has room to grow as Chinas per-capita plastic ...
- — US oil production fell to 11-month low in January, data shows
- at 4/2/25 4:00amU.S. crude oil production fell by 305,000 barrels per day to 13.15 million bpd in January, the lowest level since February 2024, data from the U.S. Energy Information Administration showed. That was the biggest decline in monthly U.S. oil output since January 2024, the data showed. The EIA also lowered its estimate of record U.S. ...
- — Brazilian fossil fuel demand to remain high amid energy transition
- at 4/1/25 3:00pmBrazilian demand for fossil fuels is expected to remain robust in the coming years, as the transition to renewables becomes more critical because of climate change, but still faces infrastructure and natural bottlenecks, among others, industry experts said in a recent energy conference in Northeast Brazil. As the world grapples with the urgent need for ...
- — Oil markets take risky bet on Trump’s threats on Russia, Iran
- at 4/1/25 3:00pmOil diplomacy could become a hallmark of Donald Trumps second term in office, if the last few weeks are any guide, but energy markets have mostly shrugged off his recent whirlwind of threats against Iran and Russia. That could be a big mistake. Trump has proven more than once in recent weeks that he is ...
- — OPEC+ members to meet Thursday, likely to stick to planned output hikes, sources say
- at 4/1/25 3:00pmOPEC+ ministers from eight nations that are gradually raising oil output will meet on Thursday and are likely to approve a further hike in production from May, sources from the producer group told Reuters. Eight members of OPEC+, a group that includes the Organization of the Petroleum Exporting Countries and allies led by Russia, are ...
- — Oil markets take risky bet on Trump’s threats on Russia, Iran: Bousso
- at 4/1/25 3:00pmOil diplomacy could become a hallmark of Donald Trumps second term in office, if the last few weeks are any guide, but energy markets have mostly shrugged off his recent whirlwind of threats against Iran and Russia. That could be a big mistake. Trump has proven more than once in recent weeks that he is ...
- — Brent oil price to fall to $65-$75 per barrel in 2025, CNPC affiliate says
- at 4/1/25 11:00amBrent oil price will fall to a range of $65-$75 per barrel this year, down from the 2024 average of $79 per barrel amid a global economic slowdown, a think tank affliated with state energy company China National Petroleum Corp (CNPC) said on Tuesday. Brent will range between $60-$70 per barrel from 2026 to 2030 ...
- — Middle East Crude-Oman, Murban rise, Dubai eases from weekly gain
- at 4/1/25 11:00amMiddle East crude benchmark spot premiums of Oman and Murban rose on Tuesday, while Dubai slipped after a weekly gain. Oil prices steadied near five-week highs on Tuesday as threats by U.S. President Donald Trump to impose secondary tariffs on Russian crude and attack Iran countered worries about the impact of a trade war on ...
- — Kazakhstan’s oil and condensate production hits record in March, sources say
- at 4/1/25 11:00amKazakhstans oil and condensate output reached a record high in March, with higher output from the giant Tengiz oilfield and stable exports via the Caspian pipeline, further exceeding OPEC+ production quotas, two industry sources said and Reuters calculations showed on Tuesday. The country has repeatedly exceeded its OPEC+ quotas in recent months and has promised ...
As of 4/3/25 3:49pm. Last new 4/3/25 5:30am.
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