Sunday

06-07-2025 Vol 19

Category: 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…

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…

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…

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…

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…

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)…

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…

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…

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…

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.…