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Oil

Oil
2025, June, 24, 07:00:00
OIL PRICE: BRENT ABOVE $69, WTI BELOW $67
Brent were down $2.08, or 2.9%, at $69.40 a barrel, WTI declined $2.03, or 3.0%, to $66.48 per barrel.
Oil
2025, June, 24, 06:25:00
RUSSIAN SANCTIONS: BLOCKING
Hungary and Slovakia decided to block the sanctions package in response to European Union plans to phase out Russian energy imports, the minister said.
Oil
2025, June, 3, 06:55:00
OPEC+ RUSSIA OIL PRODUCTION: +411 TBD
In view of a steady global economic outlook and current healthy market fundamentals, as reflected in the low oil inventories, and in accordance with the decision agreed upon on 5 December 2024 to start a gradual and flexible return of the 2.2 million barrels per day voluntary adjustments starting from 1 April 2025, the eight participating countries will implement a production adjustment of 411 thousand barrels per day in July 2025 from June 2025 required production level.
Oil
2025, June, 3, 06:25:00
U.S. OIL PRODUCTION 13.16 MBD
U.S. crude oil output rose to 13.49 million barrels per day in March, up from 13.16 million bpd in February and the prior all-time high of 13.45 million bpd in October 2024.
Oil
2025, May, 28, 07:00:00
OIL PRICE: BRENT ABOVE $64, WTI BELOW $62 ANEW
Brent rose 25 cents, or 0.4%, to $64.34 a barrel, WTI gained 24 cents, or 0.4%, at $61.13 a barrel.
Oil
2025, May, 28, 06:25:00
OIL, GAS INVESTMENT FOR NIGERIA $15 BLN
The investment plan aligns with Renaissance Africa’s strategy to rebalance its portfolio by strengthening oil production and accelerating gas monetization while reinforcing its position in export markets.
Oil
2025, May, 22, 07:00:00
OIL PRICE: BRENT ABOVE $64, WTI BELOW $62
Brent slipped to $64.58 a barrel, WTI dropped 32 cents, or 0.5%, to $61.25.
Oil
2025, May, 22, 06:45:00
INDIA NEED OIL TANKERS
Despite the global push for transition to cleaner sources of energy, India’s crude oil refining capacity is set to expand — to 450 million tons by the end of the decade from about 250 million tons now — on the back of growing domestic and overseas demand for oil products.
Oil
2025, May, 22, 06:35:00
CHINA'S ENERGY SYSTEM WILL UP
Since 2019 China’s energy system seems to be undergoing significant shifts.
Oil
2025, May, 14, 07:00:00
OIL PRICE: BRENT ABOVE $66, WTI BELOW $64
Brent fell 39 cents, or 0.6%, to $66.24 a barrel, WTI slipped 36 cents, or 0.6%, to $63.31.
Oil
2025, May, 13, 07:00:00
OIL PRICE: BRENT NEAR $65, WTI BELOW $62
Brent dropped 22 cents, or 0.3%, to $64.74 per barrel, WTI fell 18 cents, or 0.3%, to $61.77.
Oil
2025, May, 13, 06:50:00
OPEC+ RUSSIA: + 411 TBD
In view of the current healthy market fundamentals, as reflected in the low oil inventories, and in accordance with the decision agreed upon on 5 December 2024 to start a gradual and flexible return of the 2.2 million barrels per day voluntary adjustments starting from 1 April 2025, the eight participating countries will implement a production adjustment of 411 thousand barrels per day in June 2025 from May 2025 required production level.
Oil
2025, May, 13, 06:40:00
EUROPE WITHOUT RUSSIAN ENERGY
"Despite the significant progress achieved under the REPowerEU Plan and via sanctions since Russia's invasion of Ukraine, in 2024 the EU saw a rebound in Russian gas imports," the EC said. "More coordinated actions are therefore needed, as the EU's overdependency on Russian energy imports is a security threat."
Oil
2025, May, 13, 06:30:00
RUSSIAN OIL EXPORTS UP
According to CCI data, the largest monthly increase in April was shown by shipments through the port of Kozmino +17.79%, 139 thousand tons per day.
Oil
2025, April, 25, 07:00:00
OIL PRICE: BRENT NEAR $67, WTI BELOW $64
Brent gained 43 cents to $66.98 a barrel, WTI rose 42 cents to $63.21 a barrel.