Tuesday

03-06-2025 Vol 19

Tag: Oil

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…

Analysts suggest US tariffs may allow Trump more flexibility on oil sanctions due to economic impact.

The economic implications of the recent US tariffs could potentially provide President Donald Trump with greater leverage regarding oil sanctions…

Goldman Lowers Oil Price Projections Amid Tariff Concerns and Increased OPEC+ Supply

Goldman Sachs has adjusted its oil price forecasts, lowering its average price prediction for Brent crude in 2023 by 5.5%…

Tanker Prohibited from Transferring Russian Oil at Sea Near India, Sources Report

An aging tanker loaded with Russian oil has been barred from entering India, prompting it to transfer its cargo to…

Asia Fuel Oil: Spot Market Stabilizes as Cracks Experience Weekly Surge

The Asia fuel oil market experienced stable spot benchmarks as of Friday, with trade remaining thin. Despite the lack of…

Tanker Market: EU Crude Oil Imports Decline Since January 2025

Since the beginning of 2025, the EU’s crude oil imports have shown a noticeable decline. According to Banchero Costa, exports…

UBS Revises Oil Price Forecasts for 2025-27 Due to OPEC+ Adjustments

UBS has revised its oil price forecasts for the years 2025 to 2027 following OPEC+’s unexpected decision to increase oil…