Tuesday, October 7, 2025
Low oil prices: Saudi gift to Trump or ticking bomb?- oil and gas 360

Low oil prices: Saudi gift to Trump or ticking bomb?

(Oil Price)– OPEC+ yesterday agreed to yet another monthly boost in production, this time for a modest 137,000 barrels daily. Oil prices inched up, yet they remain tightly range-bound, with Brent at just over $65 per barrel following the news. On the one hand, this is good news for consumer countries—including the U.S. On the other hand, it’s bad news for

What’s the real reason behind OPEC+’s surprise oil production boost?- oil and gas 360

What’s the real reason behind OPEC+’s surprise oil production boost?

(Oil Price)-OPEC+’s decision last week to increase its collective oil production has surprised many, given the soft outlook for oil prices for the remainder of this year and into next. It is true that the 137,000 barrels per day (bpd) rise from October is much lower than the 411,000 bpd and 555,000 bpd respective increases for the June and July

Big oil warns about a looming LNG supply glut- oil and gas 360

Big oil warns about a looming LNG supply glut

(Oil Price)– Lately, Wall Street has been warning that oil markets could soon face a surplus, putting more pressure on already depressed oil prices. To wit, Goldman Sachs has predicted that oil markets could be oversupplied by 1.9 million b/d in 2026 amid OPEC+ unwinding production cuts and production in the Americas rising. Wall Street now sees oil prices sinking to the $50s

Norway’s $1.9 Trillion Oil Fund Cuts Stakes in Energy Supermajors- oil and gas 360

Norway’s $1.9 trillion oil fund cuts stakes in energy supermajors

(Oil Price)– The world’s biggest sovereign wealth fund, Norway’s $1.9 trillion oil fund, cut its equity stakes in the biggest international oil and gas companies in the first half of the year as oil prices fell. Government Pension Fund Global, which is commonly referred to as ‘Norway’s oil fund’ because it was created with oil and gas revenues, is a

Oil prices dip on tariff expectations-oil and gas 360

Oil prices dip on tariff expectations

(Oil Price)– Crude oil prices took a dip today after hitting a two-week high earlier, as traders awaited updates on President Trump’s tariff plans, following the latest delay in trade deals with some key partners such as Japan and South Korea. Brent crude was trading at $70.07 per barrel at the time of writing, with West Texas Intermediate changing hands for $68.26 per

OPEC expects slower 2025 oil supply growth from rivals after price drop- oil and gas 360

OPEC expects slower 2025 oil supply growth from rivals after price drop

(Investing) – LONDON – OPEC on Wednesday trimmed its forecast for growth in oil supply from the United States and other producers outside the wider OPEC+ group this year and said it expected lower capital spending following a decline in oil prices. Supply from countries outside the Declaration of Cooperation – the formal name for OPEC+ – will rise by about