Friday

09-05-2025 Vol 19

Tag: Oil

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…

Russia’s Oil and Fat Exports Increase by 4% in 2024, According to Agriculture Ministry

Russia has reported a 4% increase in the exports of oil and fat products for 2024, according to Deputy Agriculture…

Trump’s Tariffs: Significant Exemption for Oil and Gas Industries Revealed

In the recent announcement of sweeping import tariffs by U.S. President Donald Trump, a notable exemption has been made for…

Tankers: Will Global Trade War Impact the Oil Industry’s Future?

The global tanker market faces uncertainty amid escalating trade tensions, particularly concerning oil prices and demand. According to Gibson Shipbrokers,…

Baker Hughes Reports US Oil Rig Count Reaches Highest Level Since June

U.S. energy companies have reduced the total number of active rigs for the second consecutive week, despite an increase in…

Cleanup Efforts Underway for Oil Spill Near Northeastern Pulau Ubin and Changi Beach in Singapore

The Johor Port Authority has reported to the Maritime and Port Authority of Singapore (MPA) that the oil leak at…