Category: Oil
July 02, 2025
Oil
EIA Reports US Crude Oil Production Reached Record Levels in April
In April, U.S. crude oil production reached an unprecedented level of 13.47 million barrels per day (bpd), surpassing the previous…
July 01, 2025
Oil
Emerging Challenges Ahead for Oil Markets
The oil markets are currently facing a wave of uncertainties, driven by geopolitical tensions and changing global economic conditions. Recent…
June 29, 2025
Oil
Baker Hughes Reports US Oil and Gas Rig Count Drops for Fourth Month, Reaching October 2021 Low
U.S. energy companies have reduced the number of operational oil and natural gas rigs for a fourth consecutive month, reaching…
June 29, 2025
Oil
Asia’s June Crude Oil Imports Surge, But Rising Prices Could Impact Demand
Asia’s crude oil imports experienced a notable increase in June 2025, recovering from a slow start at the beginning of…
June 29, 2025
Oil
Crude Tanker Markets to Stay Strong Amid Supportive Oil Market Fundamentals
According to Gibson Shipbrokers, recent forecasts indicate a significant shift in crude oil demand, particularly from China. The expectation for…
June 27, 2025
Oil
US Oil Reserve Deliveries Delayed Until Year-End 2023
The U.S. Department of Energy has announced that the completion of crude oil deliveries to the Strategic Petroleum Reserve (SPR)…
June 27, 2025
Oil
Goldman Analysts Suggest Oil Market Indicates Low Risk of Supply Disruption
Goldman Sachs analysts recently reported that the options markets indicate only a 4% chance of a significant disruption in oil…
June 27, 2025
Oil
Putin: OPEC+ Forecasts Increased Oil Demand, Particularly During Summer Season
On Friday, Russian President Vladimir Putin announced that the OPEC+ group, which includes major oil producers like Russia, anticipates an…
June 27, 2025
Oil
Asia Fuel Oil: Hi-5 Fuel Spread Reaches Highest Level in Over Four Months
Asia’s hi-5 fuel oil spread reached its widest level in over four months, reflecting a softening high sulphur fuel oil…
June 27, 2025
Oil
Oil Faces Largest Weekly Drop in Two Years as Market Risks Diminish
Oil prices experienced a rise on Friday but were still on track for their steepest weekly decline since March 2023.…