Sunday, September 7, 2025
Oil bulls bite back as prices defy expectations- oil and gas 360

Oil bulls bite back as prices defy expectations

(Oil Price) – OPEC+ did what everyone expected it to do last weekend, announcing another production ramp-up. Prices, however, did something that not everyone expected them to do: they went up. All eyes are now on demand—and the disruption of supply. The eight members of OPEC+ that were keeping their production of crude oil under restraints agreed on Saturday to add

Banks betting on market fundamentals despite trade policy upheaval- oil and gas 360

Banks betting on market fundamentals despite trade policy upheaval

(World Oil) – Banks are staying confident in long-term energy fundamentals despite significant trade policy turbulence, according to the Spring 2025 Haynes Boone Energy Bank Price Deck Survey. The survey, now in its 12th edition, is a leading source of information for energy lenders and producers, providing crucial details on commodity price expectations. Based on internal data from 28 banks, a record number

Hydrogen’s chicken-and-egg problem persists as buyers hesitate- oil and gas 360

Hydrogen’s chicken-and-egg problem persists as buyers hesitate

(Oil Price) – The conversation about low-carbon hydrogen continued last week at the annual World Utilities Congress, hosted by the multinational energy and water company TAQA in Abu Dhabi. While the hoped-for future trade between Europe and the Middle East and North Africa (MENA) remained in focus, a shift in emphasis appeared. While national goals look increasingly dubious, progress is occurring

Crude futures sink on Saudi push for OPEC+ supply hikes- oil and gas 360

Crude futures sink on Saudi push for OPEC+ supply hikes

(Investing) – Crude futures tumbled 1.4% today as market participants reacted to a report by Bloomberg indicating that Saudi Arabia is advocating for more aggressive oil supply increases by OPEC+. The kingdom’s push for regaining market share is driving its desire to accelerate production hikes in the upcoming months. According to sources familiar with the matter, Saudi Arabia, which exerts

U.S. crude oil inventories increase by 0.5 million barrels- oil and gas 360

U.S. crude oil inventories decrease by 4.3 million barrels

Weekly Crude Oil Storage as of May 30, 2025 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 4.3 million barrels from the previous week.  At 436.1 million barrels, U.S. crude oil inventories are 7% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data,