Brent crude and WTI are once again above $100 and likely to stay there longer than those involved in the planning of the latest war in the Middle East may have expected. With that, energy-thirsty economies are beginning to feel the pinch,…
Petrol, diesel prices unlikely to rise; India has adequate fuel stocks: Report, ETEnergyworld
Good news for Indian consumers as government sources indicate petrol and diesel prices are unlikely to rise despite Middle East tensions.Petrol…
(Oil Price) – Shell and Kazakhstan have signed an agreement for oil and gas exploration in the…
(BOE Report) – State-owned German energy group Uniper is holding talks with Canada to expand its…
( Investing) – Oil prices jumped more than 3% on Thursday, extending a rally as the escalating…
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Brent Crude Oil
Price: $61.39 per barrel
Currency: USD
Last Updated: 2025-05-03 20:09 UTC
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Brent vs WTI
Oil Shock Spreads Through Global Economy
Brent crude and WTI are once again above $100 and likely to stay there longer than those involved in the planning…
Analysts are beginning to model extreme scenarios. Deutsche Bank has warned that a prolonged blockade could push crude toward $200 a…
Oil Slides Late After Massive Price Swings
Oil’s wild ride continued late Monday as futures moved lower in post-settlement trading that took prices toward $80 a barrel after…
Analysts are beginning to model extreme scenarios. Deutsche Bank has warned that a prolonged blockade could push crude toward $200 a barrel, while JPMorgan estimates that if the disruption lasts more than…
OPEC Announcements
JP Morgan has warned that Iran’s oil production could be slashed in half and oil…
Record volumes of nearly 40 million barrels of sanctioned Iranian, Russian, and Venezuelan crude are…
Europe’s benchmark natural gas prices jumped by another 30% at market open on Monday, following…
Saudi Aramco has begun reducing oil production at two of its fields as the disruption…
The Middle East war and the resulting production halt at the world’s second-largest LNG exporter,…
U.S. Energy Policy
A Brazilian startup fund is betting that AI has made large headcounts and funding rounds unnecessary to compete on the global stage.Shiva, named for the Hindu god of transformation, has raised $10 million to back…
North America
(WO) — Woodside Energy has begun drilling operations at the Trion field in ultra-deepwater Gulf of Mexico waters offshore Mexico, marking a major step forward in the development of one of the country’s most significant offshore projects. The campaign will include the drilling of 24 subsea wells tied back to…
EU Carbon Targets
The UK’s greenhouse gas emissions fell by 2.4% in 2025 to their lowest level in more than 150 years, according to new…
Asia & China
(World Oil) – Saudi Aramco jumped the most since April 2023 on Sunday as the Iran war entered its second week, prompting supply disruptions that may…
Oil Shock Spreads Through Global Economy
Brent crude and WTI are once again above $100 and likely to stay there longer than those involved in the planning of the latest…
Stock markets across Asia were hit again on Wednesday amid panic selling over fears the Israel-US war on Iran will fan inflation and rock the global economy. The…