- — US oil and gas rig count unchanged this week, Baker Hughes says
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at 3/14/25 4:00pmU.S. energy firms this week kept the number of oil and natural gas rigs operating unchanged, energy services firm Baker Hughes (BKR.O), opens new tab said in its closely followed report on Friday. Baker Hughes said that puts the total rig count down 37, or about 6% below this time last year. Baker Hughes said ...- — Russia’s Novak: Oil demand to pick up during driving season
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at 3/14/25 4:00pmGlobal oil demand will pick up in the next months with the summer driving season, Russias top oil official said, adding that this was factored into the OPEC+ producer groups decision to release more oil into the market. Russia is reducing its output as part of the OPEC+ group, which decided this month to release ... - — Iran’s oil output rises by 34,000 barrels in February 2025
- at 3/14/25 4:00pmIrans crude oil production increased by 34,000 barrels per day (bpd) in February 2025, reaching 3.308 million bpd, according to OPECs latest monthly report. The Organization of the Petroleum Exporting Countries (OPEC) reported that Iran’s oil production in February rose from the previous months level of 3.274 million bpd. The increase comes as the new ...
- — Middle East Crude-Dubai extends gains; Vitol gets two more Upper Zakum cargoes
- at 3/14/25 12:00pmMiddle East crude benchmark Dubai extended gains on Friday with Vitol receiving another two Upper Zakum cargoes from PetroChina bringing its tally this month to 12 cargoes. PetroChina has delivered 11 of the 12 cargoes to Vitol so far with the remaining one from Hengli Petrochemical, trade sources said, following deals on the Dubai window. ...
- — Oil rebounds as Ukraine ceasefire deal remains elusive
- at 3/14/25 5:00amOil prices rebounded on Friday to recover some of their losses of more than 1% in the previous session, partly due to the diminishing prospects of a quick end to the Ukraine war that could bring back more Russian energy supplies. Brent crude futures rose 64 cents, or 0.9%, to $70.52 a barrel by 0748 ...
- — IEA warns of tariff-induced oil demand slump in 2025
- at 3/14/25 5:00amThe International Energy Agency sees new US tariffs dragging on global oil demand in 2025, it said March 13, warning that macroeconomic pressure could outweigh the stimulus effects of softer oil prices. In its latest monthly oil market report, the global energy watchdog projected world oil supply to outstrip demand by 600,000 b/d in 2025, ...
- — Time has come to ramp up U.S. gas output, BP CEO says
- at 3/14/25 5:00amBP is set to ramp up U.S. natural gas production in its onshore shale operations following the recent rise in domestic gas prices, CEO Murray Auchincloss said. With rising gas prices, the time has come for the Haynesville basin in eastern Texas, Auchincloss told the CERAWeek conference in Houston. Benchmark U.S. natural gas prices NG1! ...
- — LNG set to play pivotal role in energy markets, ongoing race to 2050 net zero emissions: Anas Alhajji
- at 3/14/25 5:00amLiquefied natural gas (LNG) is set to play a pivotal role in the energy markets and the ongoing race to net zero emissions by 2050, according to industry expert Dr. Anas Alhajji. Speaking to the Al-Attiyah Foundation, Alhajji shared a bullish outlook on the LNG market and explored the ramifications of US President Donald Trumps ...
- — The US enters its ‘drill, baby, drill’ era. Here’s what a top energy leader has to say
- at 3/14/25 5:00amIn January, on his first day back in the White House, US President Donald Trump signed an executive order declaring a national energy emergency. The move was followed by a directive that aimed to roll back regulations on the oil and gas sector, and accelerate drilling and pipeline development. “We will drill, baby, drill,” Trump ...
- — Oil dips, pressured by tariff worry, supply-demand expectations
- at 3/13/25 4:00pmOil prices slipped on Thursday as markets weighed macroeconomic concerns, including the risk that tariff wars between the U.S. and other countries could hurt global demand. Brent futures were down 54 cents, or 0.8%, at $70.41 a barrel at 11:28 a.m. EDT (1525 GMT). U.S. West Texas Intermediate crude futures fell 63 cents, or 0.9%, ...
- — IEA: Oil Demand Growth Could Take Tariff Hit During 2025
- at 3/13/25 4:00pmHighlights Growth in global oil demand is set to accelerate to just over 1 mb/d this year, from 830 kb/d in 2024, reaching 103.9 mb/d. Asia accounts for almost 60% of gains, led by China where petrochemical feedstocks will provide the entirety of growth. Amid an unusually uncertain macroeconomic climate, recent delivery data have been ...
- — Middle East Crude-Benchmarks rise; Vitol takes two more Upper Zakum cargoes
- at 3/13/25 4:00pmMiddle East crude benchmarks Oman and Dubai rose on Thursday after Vitol received another two Upper Zakum cargoes, bringing its tally this month to 10 cargoes. PetroChina has delivered nine cargoes to Vitol so far, and the remaining one is from Hengli Petrochemical, trade sources said, following deals on the Dubai window. Meanwhile traders are ...
- — Kazakhstan fully committed to OPEC+, over-production not critical to global balances: ministry
- at 3/13/25 4:00pmKazakhstan remains committed to meeting its quota obligations as a member of the OPEC+ producer group despite recently exceeding quotas, its energy ministry said March 12 after talks in Houston failed to yield specific commitments from operators on quota compliance. The statement came after energy minister Almasadam Satkaliyev said March 7 that the rampup of ...
- — US looks to invest in foreign energy projects to promote exports, USTDA says
- at 3/13/25 4:00pmThe U.S. government is looking to invest in energy projects in Africa, Latin America, and Asia that could pave the way for increased U.S. energy exports, Thomas Hardy, the acting director of the U.S. Trade and Development Agency (USTDA), said on Thursday. Our approach is looking at all energy projects and not being hamstrung by ...
- — Turkey to develop its shale fields with US producer Continental Resources
- at 3/13/25 4:00pmTurkish national oil company TPAO has signed a joint venture agreement with U.S. oil producer Continental Resources to develop shale fields in the country’s Diyarbakir Basin, Turkish Energy Minister Alparslan Bayraktar said on social media platform X on Wednesday. “This cooperation will greatly contribute to our goal of bringing Turkiye’s oil and gas resources to ...
- — Oil steady as economic concerns weigh despite firm demand expectations
- at 3/13/25 5:00amOil prices were largely steady on Thursday after surging in the previous session on a larger-than-expected draw in U.S. gasoline stocks, as markets weighed macroeconomic concerns against firm near-term demand expectations. Brent futures were up 17 cents to $71.12 a barrel at 0843 GMT, while U.S. West Texas Intermediate crude futures were up 13 cents ...
- — The Commodities Feed: Big drop in US gasoline stocks
- at 3/13/25 5:00amEnergy – Kazakhstan oil production surges Oil prices strengthened yesterday with ICE Brent seeing its biggest gain since the end of February, settling 2% up on the day, taking it back above US$70/bbl. A lower-than-expected increase in US crude oil inventories supported the market, while better-than-expected US consumer price inflation data also helped sentiment. Energy ...
- — EIA expects US crude, gas output to rise to record highs in 2025
- at 3/13/25 5:00amU.S. crude oil and natural gas production, along with demand for natural gas and electricity, will all rise to record highs in 2025, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) report. The agency said it expects crude oil production to average 13.61 million barrels per day (bpd) in ...
- — Asian refiners cheer OPEC+ output hike but non-Middle East diversification to continue
- at 3/13/25 5:00amAsian refiners expect the OPEC+ supply increase will enable key sour crude buyers in the Far East to meet their monthly requirements despite Indias demand surge, while the sharp pullback in the Platts Dubai price structure allayed concerns over Persian Gulf official selling price hikes. Major Middle Eastern sour crude suppliers have been constantly ensuring ...
- — China demand concerns, GDP growth threaten global oil prices, Vitol CEO says
- at 3/13/25 5:00amVitol CEO Russell Hardy said that he expects global oil prices to move in a lower range than over the past three to four years due to recent soft economic growth in China and globally that has weighed on demand. Benchmark oil prices hit a three-year low of $68.33 a barrel last week and were ...
- — Occidental Petroleum sees oil U.S. oil output peaking in next five years
- at 3/12/25 4:00pmU.S. oil production will peak between 2027 and 2030, Occidental Petroleum Corp OXY chief executive officer Vicki Hollub said on Tuesday at the CERAWeek conference in Houston, Texas. Her outlook comes as U.S. President Donald Trump has vowed to bolster fossil fuel production in the U.S. and lower prices for consumers. ConocoPhillips CEO Ryan Lance ...
As of 3/16/25 10:28am. Last new 3/14/25 5:13pm.
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