Nayara Energy trade: Russia-backed refinery exports first gasoline shipment after EU sanctions; diesel shipment to follow
Despite EU sanctions imposed in July, Russian-linked Nayara Energy has exported its first gasoline shipment, with the vessel Tempest Dream carrying 43,000 metric tons to ...
OPEC+ to raise oil production by 547,000 bpd; move aimed at reclaiming market share
The Voluntary Eight (V8) members of OPEC+ have agreed to increase oil production by 547,000 barrels per day starting September 2025, aiming to regain market ...
Oil earnings slip: Exxon and Chevron Q2 profit hits 4-year low; revenue dips as crude prices stay weak despite output rise
Exxon Mobil and Chevron saw profits decline. This was their lowest in four years. Lower energy prices and increased OPEC+ oil supply impacted revenue. However, ...
Oil jumps over 2% on tighter market outlook; Brent posts 3% weekly gain; US tariffs, Russia sanctions in focus
Oil prices surged over 2% due to IEA’s report of a potentially tighter global market driven by strong summer demand. Concerns about new US tariffs ...
Oil market: Surprises with 548,000 bpd output hike in August; what analysts said
OPEC+ surprised markets by announcing a larger-than-expected oil production increase of 548,000 barrels per day for August, exceeding analysts’ predictions. This decision, driven by a ...
Israel-Iran conflict: Oil slides 6% after Iran’s ‘symbolic’ strikes
Oil Market Cools Down After Iran’s Retaliation: A Temporary Reprieve? The world held its breath over the weekend, bracing for a potential escalation of conflict ...
Supply squeeze: US oil output growth set to falter in 2025; S&P warns of sharp 2026 decline amid global glut
The United States anticipates a significant slowdown in crude oil production growth by 2025. A sharper decline is expected in 2026. S&P Global Commodity Insights ...
