Browsing: Market News

Pertamina has been importing Russian crude oil complying with the Western sanctions, a top official at Indonesia’s state energy firm…

The U.S. federal government will extend a sanction waiver allowing Chevron to keep doing business in Venezuela by another 60-days…

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By Irina Slav – May 21, 2025, 12:47 AM CDT Crude oil prices have significantly risen due to reports…

The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose again, this time by 2.499…

Ukraine is urging the G7 to slash the price cap on Russian oil to $30 per barrel, down from the…

OPEC’s expectations of global oil demand growth “remain generally optimistic,” despite recent headwinds including risks to trade and the global…

U.S. shale production will likely plateau if WTI oil prices remain in the low $60s per barrel, and decline at…

While oil markets have calmed somewhat at the start of this week after a period of intense volatility, developments in…

Saudi Arabia’s goal is long-term oil market stability, while the Kingdom is always ready for multiple oil price scenarios, Saudi…