Tuesday, July 29, 2025
Soaring Saudi exports and trade tensions will test oil price resilience: Bousso- oil and gas 360

Soaring Saudi exports and trade tensions will test oil price resilience: Bousso

(BOE Report)– Oil markets have remained remarkably resilient so far this year, despite concerns over U.S. President Donald Trump’s trade policies and rising OPEC+ production quotas. But that strength will now be tested, as Saudi output is starting to surge just as demand appears to be slowing. Benchmark oil prices are currently near $70 a barrel, down from a 2025

Petrobras approves $2.1 billion in shareholder dividends despite lower oil prices- oil and gas 360

Petrobras approves $2.1 billion in shareholder dividends despite lower oil prices

(World Oil) – Brazil’s state-controlled oil producer Petrobras approved dividends slightly below expectations amid a trade war that has created economic uncertainty and undermined oil prices. Petrobras will pay $2.1 billion USD (11.72 billion reais) in first-quarter dividends, it said in a filing Monday. Expectations were for a $2.2 billion payout, according to an average of six analyst forecasts reviewed