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Crude Oil News

ICICI Bank Cuts 2025 Brent Crude Oil Forecast

ICICI Bank Cuts 2025 Brent Crude Oil Forecast

A persisting downward trend would see the price testing even lower levels of $55 per barrel.
Canada's Crude Oil Shift to China Schools Trump in Unintended Consequences

Canada's Crude Oil Shift to China Schools Trump in Unintended Consequences

Seaborne shipments to the United States were 286,000 bpd in April, roughly in line with March's 283,000 bpd but down from the record of 431,000 bpd in September last year.
Chevron's Oil License in Venezuela to Expire May 27, Rubio Says

Chevron's Oil License in Venezuela to Expire May 27, Rubio Says

Any extension would need to be approved by the U.S. Treasury and State Departments.

Moody’s: India’s Oil Demand Growth to Surpass that of China

During the same period, Indian crude oil consumption is forecast to record an annual growth by 3-5%.
US Says There are Significant Undiscovered Oil and Gas Resources in Wyoming

US Says There are Significant Undiscovered Oil and Gas Resources in Wyoming

The push for increased drilling and mining on public lands is part of President Donald Trump's broader strategy to reduce regulatory barriers to domestic fossil fuel and metals production.
With Output Hikes, OPEC+ Again Targets US Shale Oil

With Output Hikes, OPEC+ Again Targets US Shale Oil

Reuters spoke to 10 OPEC+ delegates and industry sources briefed by Saudi Arabia or Russia on their production strategy.

Kazakhstan Emerged as EU’s Third Largest Crude Oil Supplier

The other primary crude oil suppliers to the EU were Libya, Saudi Arabia, Iraq, Nigeria, Brazil, and the UK, the report said.
Kazakhstan's Oil Output Rises 2% in May in Defiance of OPEC+

Kazakhstan's Oil Output Rises 2% in May in Defiance of OPEC+

The country's energy ministry has repeatedly said it was committed to the OPEC+ agreement.
Oil Rises 1% on Reports Israel Preparing Strike on Iranian Nuclear Facilities

Oil Rises 1% on Reports Israel Preparing Strike on Iranian Nuclear Facilities

It was not clear whether Israeli leaders have made a final decision, CNN added, citing the officials.
Norwegian Oil and Gas Output Beats Forecast in April

Norwegian Oil and Gas Output Beats Forecast in April

The production exceeded the forecast of 335.6 mcm by 1.3%, Said NOD in its website.

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