Goldman Sachs expects oil prices to decline through the end of this year and next year because of the rising risk of a recession and higher supply from the OPEC+ group. The bank expects Brent and WTI oil prices to edge down, averaging $63 and $59 a barrel, respectively, for the remainder of 2025, and …
Goldman Sachs Expects Oil Prices to Decline Through 2026 Read More »
Summary • Cuts 2025, 2026 demand growth forecasts by 150,000 bpd each • First cut in 2025 forecast since December, OPEC data shows Kazakhstan further boosts production in March (Reuters) – OPEC cut its 2025 global oil demand growth forecast on Monday for the first time since December, citing the impact of data received for …
OPEC Cuts Global Oil Demand Growth Forecasts, Citing US Tariffs Read More »
The United States and Saudi Arabia will sign a preliminary agreement to cooperate over the kingdom’s ambitions to develop a civil nuclear industry, U.S. Energy Secretary Chris Wright told reporters in the Saudi capital Riyadh on Sunday. Wright, who had met with Saudi Energy Minister Prince Abdulaziz bin Salman earlier on Sunday, said Riyadh and …
Saudi Arabia, US on ‘Pathway’ to Civil Nuclear Agreement, US Energy Secretary Says Read More »
The “Gulf of America business is central to bp’s strategy,” and the company wants to build production capacity to more than 400,000 boe/d by the end of the decade.
Summary • PDVSA cancels authorizations for Chevron-chartered ships • Chevron awaits paperwork for cargo return to Venezuelan ports (Reuters) – At least two vessels carrying Venezuelan crude chartered by Chevron are stalled due to state oil company PDVSA canceling their export authorizations, according to shipping data and sources, as the government had no certainty of …
Chevron’s Venezuelan Oil Cargoes Canceled, Stalled Amid Payment Uncertainty Read More »
(Reuters) – As the dust settles after a bruising week eased by U.S. President Donald Trump’s tariff pause, the takeaway from global investors is loud and clear: market turbulence is here to stay. In a stunning reversal on Wednesday, Trump said he would temporarily lower the hefty duties newly imposed on dozens of countries while …
Global Investors Hunker Down for Volatility Even as Tariff Pause is Welcomed Read More »
By Erwin Seba China imposes 125% tariff on US goods, escalating trade war EIA lowers global economic growth and oil demand forecasts April 11 (Reuters) – Brent and West Texas Intermediate crude climbed more than $1 on Friday after U.S. Energy Secretary Chris Wright said the United States could end Iran’s oil exports as part …
Brent, WTI Prices Climb More $1 on Possible Iran Crude Restriction Read More »
BC is set to launch LNG exports within weeks, marking a major push to diversify Canada’s energy markets amid growing US trade uncertainty By Margareta Dovgal LNG Canada’s $40-billion plant is but weeks away from shipping its first export cargo. The destination has not been named, but the plant near Kitimat is in final testing …
By Andy Home LONDON, April 10 (Reuters) – As U.S. President Donald Trump turns up the tariff heat on China, Beijing is targeting ever more of the United States’ critical material supply chains. Weird and wonderful metals such as antimony, gallium and germanium have already been sucked into the escalating trade war with China restricting …
COMMENTARY: China Primes Rare Earths Weapon as Trade War Escalates Read More »
Hydrogen project developers ask themselves the famous ‘chicken or the egg’ conundrum as they lean on policy, incentives and technology to bridge cost gaps.
