Oil Falls on US Debt Deal Struggles, OPEC+ Talks Uncertainty
Some hard-right Republican lawmakers said on May 29 that they might oppose a deal that would raise the debt ceiling in the U.S., the world's biggest oil user, while Democratic President Joe Biden and Republican House of Representatives Speaker Kevin McCarthy remained optimistic the deal would pass.
Midyear Outlook: Will Crude and Gas Prices Rebound This Year?
Volatility exists in every corner of the market, but demand is the real wild card.
OPEC+ Sends Mixed Signals Ahead of June Meeting
Remarks by Saudi Arabian Energy Minister Prince Abdulaziz bin Salman, the de-facto leader of OPEC, warning short sellers to "watch out," pushed the market up by as much as 2%.
SUPER DUG: North American Oil, Gas Key to Net Zero, VanLoh Says [WATCH]
At the SUPER DUG conference in Fort Worth, Texas, Quantum Energy's Wil VanLoh sat down with Hart Energy's Nissa Darbonne to talk investment prospects in oil and gas and the future of decarbonization.
Russian Oil and Gas Budget Revenues May Fall US$700MM in May
Russia's oil and gas revenues may reach 593 billion roubles, down from 648 billion roubles in April and 886 billion roubles in May 2022.
IEA: Oil Price Downturn Ignores Looming Supply Crunch
The IEA raised its forecast for global oil demand to 102 MMbbl/d, noting that China's recovery after the lifting of COVID-19 curbs had surpassed expectations with the country’s demand reaching a record 16 MMbbl/d in March.
Russia Starts Diesel Exports to Chile
Russia has begun exporting diesel to Chile in an effort to expand oil products supplies to Latin America following the EU embargo.
New Drone Attack Causes Fire at Russia's Ilsky Oil Refinery
The drone attack was on the Ilsky oil refinery in southern Russia and caused no casualties.
Russian Navy Vessels Seen Near Nord Stream Before Blasts - Nordic Broadcasters Report
Russian navy ships were found to be in the area thanks to satellite images, intercepted communication.
Phillips 66 Joins Rivals to Beat Profit Estimates as Refining Margins Soar
Phillips 66's shares went up 1.3% in morning trade, to $95.98.