February 23, 2026

Goldman Sachs lifts Q4 oil price forecast on tighter OECD inventories

February 23, 2026

(Investing) – Investing.com — Goldman Sachs lifted its fourth-quarter 2026 oil price forecasts, citing tighter OECD inventories, while the bank maintained its view of a sizeable global surplus. Brent crude has rallied to about $71 as Iran-related supply concerns boosted positioning and the risk premium while OECD inventories have failed to build as expected. This reflects January supply disruptions and the fact that

Supreme Court to rule on Exxon’s $1 billion Cuba assets claim

February 23, 2026

(Oil Price) – The U.S. Supreme Court will be hearing on Monday arguments by ExxonMobil, backed by the Trump Administration, about the scope of a law allowing American companies to claim damages for seized assets in Cuba. U.S. supermajor Exxon is seeking compensation upwards of $1 billion for assets seized by the Cuban government in 1960. At the time of the confiscation of

ConocoPhillips explores $2-billion sale of Permian basin assets

February 23, 2026

(World Oil) – ConocoPhillips is exploring a sale of some of its Permian basin assets as part of a broader streamlining of its portfolio, according to people familiar with the matter. The assets, picked up over the years through deals with Concho Resources Inc. and Shell Plc, are expected to fetch about $2 billion, the people said, asking not to be

Big oil challenges $5 billion environmental fine in Kazakhstan

February 23, 2026

(Oil Price) – The international oil companies operating the giant Kashagan oilfield in Kazakhstan have initiated an arbitration process to challenge a massive $5-billion fine for allegedly exceeding sulfur storage limits at a processing facility at the second biggest oilfield in the OPEC+ producer. The dispute, one of several against Big Oil that Kazakhstan currently has, is cooling the relations between

Oil at six-month high with nuclear talks and US tariffs in focus

February 23, 2026

(Investing) – LONDON- Oil prices reached a six-month high on Monday as the U.S. and Iran prepared for a third round of nuclear talks while increased economic uncertainty was also in focus after the latest U.S. tariff upheaval. Brent crude futures were up 62 cents or nearly 0.9% at $72.38 a barrel, a fresh six-month high, by 1432 GMT while U.S.

US natgas prices climb as winter storm batters US Northeast, LNG export flows near record

February 23, 2026

(BOE Report) – U.S. natural gas futures rose about 1% to a one-week high on Monday on near-record LNG export flows and forecasts for more demand than previously expected over the next two weeks as another winter storm buries the U.S. Northeast in snow. Gas futures for March delivery on the New York Mercantile Exchange rose 4.3 cents, or 1.4%,

Goldman Sachs lifts Q4 oil price forecast on tighter OECD inventories

Supreme Court to rule on Exxon’s $1 billion Cuba assets claim

ConocoPhillips explores $2-billion sale of Permian basin assets

Big oil challenges $5 billion environmental fine in Kazakhstan

Oil at six-month high with nuclear talks and US tariffs in focus

US natgas prices climb as winter storm batters US Northeast, LNG export flows near record

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