- — Freight rates fall for Russian Urals oil, but new sanctions may change that, traders say
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at 7/14/25 3:00pmFreight rates for Russian oil shipments from the Baltic Sea ports to India have fallen in July-August as more tankers have become available, but this could change if new sanctions are imposed on Moscow, two traders said. The European Union is finalising its 18th sanctions package on Russia, which may include a lower price cap ...- — India woos upstream oil and gas investors with changes on revenue sharing, fiscal incentives
- at 7/14/25 3:00pmIndia has unveiled a new set of policies for its oil and gas sector, under which it aims to offer a cushion to upstream investors from fiscal policy changes as well as make its revenue-sharing model more attractive to attract investors into the segment. The petroleum ministry recently invited feedback on the proposed Petroleum and ...
- — Serbia seeks fifth US sanctions waiver for Russian-owned oil firm NIS, minister says
- at 7/14/25 3:00pmTalks between Belgrade and the United States over postponing sanctions against Russian-owned Serbian oil company NIS for a fifth time have been marred with difficulties, Serbian mining and energy minister Dubravka Djedovic Handanovic said on Monday. NIS (NIIS.BEL) has so far secured a fourth reprieve, which is due to expire on July 29, putting Serbia ...
- — Global oil supply growth is set to accelerate in 2025 as demand increase remains modest
- at 7/14/25 3:00pmHighlights World oil demand growth is forecast to increase by 700 kb/d in 2025, its lowest rate since 2009, with the exception of the 2020 Covid year. Annual growth eased from 1.1 mb/d in 1Q25 to just 550 kb/d in 2Q25, with emerging market consumption particularly lacklustre. Global oil demand is projected to expand by ...
- — Soaring Saudi exports and trade tensions will test oil price resilience
- at 7/14/25 3:00pmOil markets have remained remarkably resilient so far this year, despite concerns over U.S. President Donald Trumps trade policies and rising OPEC+ production quotas. But that strength will now be tested, as Saudi output is starting to surge just as demand appears to be slowing. Benchmark oil prices are currently near $70 a barrel, down ...
- — Middle East Crude-Benchmarks rise; Dubai, Murban hit one-week high
- at 7/14/25 3:00pmMiddle East crude benchmark spot premiums rallied on Monday, with that of Dubai and Murban hitting about one-week highs, supported by tight fundamentals and potential for more sanctions on Russia. U.S. President Donald Trump said on Sunday that he will send Patriot air defence missiles to Ukraine. He is due to make a major statement ...
- — Oil rises to 3-week high as investors eye Trump statement on Russia
- at 7/14/25 3:00amOil prices rose on Monday and reached their highest level in three weeks, as investors eyed further U.S. sanctions on Russia that may affect global supplies, while higher oil imports by China also offered support. Brent crude futures rose 58 cents, or 0.8%, to $70.94 a barrel by 0900 GMT, while U.S. West Texas Intermediate ...
- — The Commodities Feed: Oil market awaits Trump’s Russia statement
- at 7/14/25 3:00amEnergy – Oil holds onto gains ahead of Trump statement Oil prices managed to move higher on Friday, with Brent settling 2.51% higher on the day. The market remains well supported in early morning trading today. This is despite a deterioration in the tariff environment, with the Trump administration sending new letters to trading partners, ...
- — European Commission proposes Russian oil price cap 15% below global price
- at 7/14/25 3:00amThe European Commission proposed a floating price cap on Russian oil of 15% below the average market price of crude in the previous three months, EU diplomats said. The European Union and Britain have been pushing the Group of Seven nations to lower the cap for the last two months after a fall in oil ...
- — OPEC hikes long-term oil demand forecast again, sees no demand peak
- at 7/14/25 3:00amOPEC has doubled down on its rejection of the world reaching peak oil demand, again increasing its forecast for the amount of liquid fuels that economies will require by 2050. Policy shifts favoring energy security over energy transition, along with an improved economic outlook, will drive oil demand to 122.9 million b/d by 2050, OPEC ...
- — Oil rises to 3-week high as investors eye Trump statement on Russia
- at 7/14/25 3:00amHigher crude imports by China and expectations around U.S. President Donald Trumps announcement on Russia are supporting prices, UBS analyst Giovanni Staunovo said. Donald Trump said on Sunday that he will send Patriot air defence missiles to Ukraine. He is due to make a major statement on Russia on Monday, having expressed his frustration with ...
- — Energy markets quickly discount Middle East supply risks
- at 7/13/25 3:00pmOPEC+ surprises with larger-than-expected supply hike The oil market has had a volatile month due to developments in the Middle East. ICE Brent briefly traded above US$80/bbl following US strikes on Iranian nuclear facilities. The move, which followed Israeli strikes on Iran, raised supply concerns, not just in terms of Iranian supply, but the potential ...
- — The palace, the protests and the red carpet: How OPEC’s seminar played out
- at 7/13/25 3:00pmFor centuries, Vienna’s romantic Hofburg palace served as a winter residence of the imperial Habsburg dynasty — this week, though, it welcomed Saudi royalty, energy ministers, top CEOs and a slew of analysts traders and more. Here are some highlights: The palace Since 1965, Vienna has housed the headquarters of the OPEC Secretariat — the ...
- — US oil/gas rig count down for 11th week to lowest since 2021, Baker Hughes says
- at 7/13/25 3:00pmU.S. energy firms this week cut the number of oil and natural gas rigs operating for an 11th week in a row for the first time since July 2020 when the COVID-19 pandemic cut demand for the fuel, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas ...
- — Energy: Global Excess or Shortage of Power?
- at 7/13/25 3:00pmRecent conflict in the Middle East had raised concerns about higher energy prices, but crude oil prices reversed course amid a ceasefire and excess supply. Longer term, there could be an energy shortage due to electricity demand from artificial intelligence (AI) if more actions are not taken. Data center power needs could create both investment ...
- — Why oil markets shrugged at the US bombing of Iran
- at 7/13/25 3:00pmWhat if I told you the United States would bomb Iran and oil markets would (mostly) shrug? And what if I told you that it happened in the context of broad sanctions on Russian oil exports , incredibly high economic policy uncertainty , and the most active armed conflicts across the globe since the end ...
- — Trump’s flip-flop on emergency oil reserves has its merits
- at 7/13/25 3:00pmU.S. President Donald Trumps signature budget bill slashed funding for refilling U.S. emergency oil reserves, violating his previous vow to fill them right to the top. This about-face raises the question of whether the U.S. still needs the Strategic Petroleum Reserve at all. The American SPR is the worlds largest emergency oil storage, able to ...
- — Are governments better positioned to respond to energy security risks today than in the past?
- at 7/13/25 3:00pmAmid ongoing geopolitical uncertainty and renewed volatility in energy markets, energy security has once again become a top priority for governments. Since the oil crises of the 1970s, many more countries have installed policies and emergency response measures that can buffer the impacts of potential supply disruptions, while also taking steps to diversify their energy ...
- — Grades mixed as rig count falls, refinery demand grows
- at 7/13/25 3:00pmGrades were mixed on Friday, dealers said, with future supply expected to fall on a lower rig count, while refinery demand is set to grow. U.S. energy firms this week cut the number of oil and natural gas rigs operating for an 11th week in a row for the first time since July 2020 when ...
- — Discount on Western Canada Select widens
- at 7/13/25 3:00pmThe discount on Western Canada Select to the North American benchmark West Texas Intermediate futures widened on Friday. WCS for August delivery in Hardisty, Alberta, settled at $10.20 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared with $10 a barrel on Thursday. The differential between Canadian heavy crude and the U.S. ...
As of 7/14/25 6:57pm. Last new 7/14/25 6:57pm.
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