Tag: Oil

U.S. energy companies have significantly reduced the number of oil rigs this week, marking the largest decline since June 2023.…

Russia’s oil exporting profitability has dropped to its lowest point in two years. This decline is reflected in the netback…

Oil prices remained relatively stable on Friday; however, they are poised for a second consecutive weekly decline due to rising…

U.S. oil producers are grappling with challenging decisions regarding growth and capital returns, as oil prices have recently fallen below…

In March, OPEC’s oil output witnessed a decline, primarily driven by drops in supply from Venezuela and Iran due to…

Oil prices experienced a significant decline of nearly 3% on Thursday, driven by escalating fears surrounding the U.S.-China trade war…

On Wednesday, spot fuel oil benchmarks exhibited a steady to softer trend, with attention focused on diminishing bunker demand concerns…

Legislation introduced on Wednesday by bipartisan U.S. senators aims to establish a fund specifically designed to enforce sanctions against Russia’s…

In early January, the Biden Administration intensified efforts to limit Russian oil exports by imposing sanctions on over 180 ships…

Goldman Sachs has provided forecasts for Brent and WTI crude oil prices, projecting that by December 2025, Brent will be…