Thursday

05-06-2025 Vol 19

Tag: Oil

Goldman Sachs Predicts Brent and WTI Oil Prices Across Various Future Scenarios

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

US Oil and Gas Producers Anticipate Budget Reductions Due to Tariff Measures

US oil and gas producers are expected to reduce their capital budgets in response to tariffs imposed by the Trump…

Russian Western Ports Anticipate 6% Decline in Oil Loadings from April 1 to 15, 2023

Oil loadings from Russia’s western ports are expected to decline by approximately 125,000 barrels per day (bpd) during the first…

Russian Urals Oil Prices Hit Lowest Level of 2023 Amidst Collapse of Brent Prices

Russian Urals oil prices have plummeted to their lowest levels of 2023, driven by a significant decline in international benchmark…

Saudi Arabia Lowers May Oil Prices to Lowest in Four Months Ahead of OPEC+ Supply Increase

Saudi Arabia, recognized as the world’s leading oil exporter, has announced a significant reduction in crude oil prices for Asian…

Kremlin Attributes Declining Oil Prices to Tensions in the Global Economic Landscape

Oil prices are a crucial indicator of Russia’s economic stability, and the Kremlin is keeping a watchful eye on recent…

Citi Reduces 0-3 Month Brent Oil Forecast to $60/Barrel Due to Tariff Shock Impacts

Citi Research has adjusted its forecast for Brent crude oil prices, lowering the 0-3 month projection to $60 per barrel.…

Palm Oil Prices Decline Amidst Falling Soyoil and Crude Oil Values

Malaysian palm oil futures experienced a notable decline, reaching a 10-week low on Monday. This downturn was primarily driven by…

Saudi Arabia urges OPEC+ to boost oil production as a penalty for rule-breaking cheaters.

Saudi Arabia’s frustration with overproducing nations like Kazakhstan has prompted a significant shift in the OPEC+ oil group’s strategy. Recently,…

Oil Hits Four-Year Lows While Metals in China Plummet Due to Recession Concerns

Oil prices experienced a significant drop, falling around 3% on Monday and reaching their lowest level since 2021. This decline…