Oil Rebounds Amid Tariff Jitters
Traders see short-term volatility persisting as tariffs, shipping fees, and OPEC output cloud demand prospects.
Traders see short-term volatility persisting as tariffs, shipping fees, and OPEC output cloud demand prospects.
Russian President Vladimir Putin relaxed the rules on fuel subsidies to the nation's refiners.
The U.S. Energy Information Administration lowered its Henry Hub natural gas spot price forecast for both 2025 and 2026.
OPEC kept its outlook for the oil market unchanged as the group and its allies continue to add barrels.
BP agreed to sell adjoining production and exploration assets on the UK's side of the North Sea that include the Culzean gas and condensate field to Serica for at least $232 million.
'The combination of Challenger and Sintana is expected to create a leading exploration platform spanning the Southern Atlantic conjugate margin'.
'Trump's aggressive stance keeps crude volatile', XMArabia Analyst Nadir Belbarka said.
A lack of spare OPEC+ capacity could potentially lead to an oil price spike, Hartree Partners Senior Adviser and Commodities Strategist Ed Morse highlighted to Rigzone in an exclusive interview.
The new estimates reinforce the license as being 'highly prospective for LNG-scale accumulations of gas with multiple oil prospects, all located relatively close to existing infrastructure'.
Iberdrola's UK arm received consent from the South Lanarkshire Council to build a 400-kV substation near the former Red Moss Hotel to enable more renewable power into the grid.