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June 16, 2025

Macquarie forecasts 6.5 million barrel drop in US crude inventories- oil and gas 360

Macquarie forecasts 6.5 million barrel drop in US crude inventories

June 16, 2025

(Investing) – Macquarie is forecasting a 6.5 million barrel decrease in U.S. crude inventories for the week ending June 13, according to the firm’s energy strategist, Walt Chancellor. This projected decline follows a 3.6 million barrel draw in the previous week, when the crude balance was looser than Macquarie had anticipated despite strong refinery activity. The firm expects crude runs to moderate by

Oil and gas important in times of conflict, Saudi Aramco CEO says- oil and gas 360

Oil and gas important in times of conflict, Saudi Aramco CEO says

June 16, 2025

(BOE Report) – The importance of oil and gas can’t be underestimated at times when conflicts occur, something that was currently being seen, the head of Saudi oil giant Aramco told an energy conference on Monday. Aramco CEO Amin Nasser delivered his speech to the Energy Asia Conference in Kuala Lumpur by a video link. Oil prices jumped last week

Global Energy Show: Alberta’s premier says new federal regime will have to prove changed attitude- oil and gas 360

Global Energy Show: Alberta’s premier says new federal regime will have to prove changed attitude

June 16, 2025

(World Oil) – During the Executive Conference of the Global Petroleum Show last week, Alberta’s premier, Danielle Smith, provided an update on the province’s energy sector and gave her assessment of the new federal administration’s policies on energy. In so doing, Smith said that Alberta’s energy potential is still abundant, but the regime of Prime Minister Mark Carney still needs

Oil prices retreat despite ongoing Israel-Iran conflict- oil and gas 360

Oil prices retreat despite ongoing Israel-Iran conflict

June 16, 2025

(Investing) – Oil prices fell Monday, handing back earlier gains as the ongoing conflict between Israel and Iran has so far left oil production and export facilities unaffected, diluting concerns of supply disruptions in the Middle East. At 08:30 ET (12:30 GMT), Brent oil futures for August fell 1.3% to $73.32 a barrel, and West Texas Intermediate crude futures dropped 1.2% to $70.46 a barrel. Both

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