crude oil – Oil & Gas 360

Oil soars 4% as Ukrainian drones override OPEC+ hikes

June 2, 2025

(Oil Price) – Crude oil prices were trading up nearly 4% on Monday afternoon, with analysts attributing the spike to escalating geopolitical tensions, and the aftermath of a massive Ukrainian drone strike on four Russian military airports overnight. Overnight, Ukrainian drone attacks targeted Russia’s Kursk and Voronezh regions, igniting fires in residential buildings, causing significant disruptions to highway traffic and reportedly

Shell EVP Gulf of America appointed President, Shell USA

May 5, 2025

(Oil & Gas 360) – HOUSTON, May 5, 2025 /PRNewswire/ — Gretchen Watkins, President, Shell USA since July 1, 2018, will step down, effective July 31, 2025, after seven years in role. Colette Hirstius, currently Executive Vice President, Gulf of America, will take on the responsibility of President, Shell USA, in addition to her current role as Executive Vice President, Gulf of America, effective August

Energy Market Assessment: While recession worry is high, stock prices suggest it has happened

April 16, 2025

(Oil & Gas 360) – While Recession Worry Is High, Stock Prices Suggest It Has Happened. Stock Prices & Data Also Indicate A Great Natural Gas & Oil Buy-Low Opportunity. The S&P 500 dropping 1,312.39 (21.3%) and the NASDAQ dropping 5,420.55 (26.8%) from their highs sure looks like a recession has happened. Tariff tactics adding to fear and uncertainty had the

Washington tells Repsol its license in Venezuela to be revoked

March 31, 2025

(BOE Report) – U.S. authorities have notified Spanish oil company Repsol that its license to export oil from Venezuela is to be revoked, a company spokesperson said on Monday, while Spain’s foreign minister promised to defend Repsol’s interests. President Donald Trump’s administration told Repsol it had until May 27 to wind down its operations in the Southern American country, the spokesperson added.

Saudi Arabia set to slash oil prices to Asia amid falling benchmarks

March 28, 2025

(Oil Price) – Saudi Arabia, the world’s top crude oil exporter, is expected to slash the price of its oil loading for Asia in May to the lowest level in three months amid a slide in regional benchmarks, a Reuters survey of Asian refining and trading sources showed on Friday. Saudi oil giant Aramco is set to slash its official selling price (OSP)

Energy Market Assessment: Restoring upward mobility of the masses will have a profitable oil & gas drilling boom

March 11, 2025

(Oil & Gas 360) – Switching Back To An Employer-Driven Economy (From Ruler-Driven) Restoring Upward Mobility Of The Masses Will Have A Profitable Oil & Gas Drilling Boom. While many are worried about stock market volatility, interest rates, tariffs and other uncertainty, The Climate Changing to stimulating is driving our bullish natural gas outlook. Last week’s 80 Bcf draw in

We head to notably-tighter markets than stock prices show the consensus is thinking

December 18, 2024

(Oil & Gas 360) – Weekly Oil & Natural Gas Inventory Data Are Indicating We Head To Notably-Tighter Markets Than Stock Prices Show The Consensus Is Thinking. While the NASDAQ and S&P 500 show great performance and expectations, Energy stocks continue to reflect little interest/low expectations. Great performance and high expectations are evident in the NASDAQ setting another new record high

Energy Market Assessment: Consensus, natural gas and oil bearish, deep data showing bullish

November 19, 2024

(Oil and Gas 360) – While Temperatures Delightfully Mild Keep The Consensus Natural Gas And Oil Bearish, Deep Data Continues Showing Bullish, Supply/Demand Trends. Our prediction, that many will soon be caught oil and natural gas short is based on our decades of analysis of The Climate and constant focus on the economy and markets. Last week last year natural gas produced

Crude oil edges higher on raised Ukraine/Russia tensions

November 18, 2024

(Investing) – Oil prices rose Monday as more intense fighting between Russia and Ukraine raised the possibility of a disruption to supplies, although gains have been limited by concerns about fuel demand in China and the potential of a global oil surplus next year. By 09:15 ET (14.15 GMT), the U.S. crude futures traded 1.4% higher at $67.86 a barrel and the Brent contract climbed

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