oil prices – Oil & Gas 360

Oil edges lower on US demand concerns ahead of Fed interest rate decision

September 17, 2025

(Investing) – NEW YORK – Oil prices eased on Wednesday after data showed an increase in U.S. diesel stockpiles, stoking worries about demand, as investors awaited the U.S. Federal Reserve’s decision on interest rates. Brent crude futures lost 44 cents, or 0.64%, to $68.03 a barrel by 11:29 a.m. EDT (1529 GMT) while U.S. West Texas Intermediate crude futures were also down 44 cents,

Oil jumps nearly 2% after drones strike Russian terminal

September 12, 2025

(Investing) – Oil prices rose by nearly 2% on Friday after a Ukrainian drone attack on a Russian port suspended loadings, outweighing pressure from oversupply concerns and weaker U.S. demand risks. The drone attack on Russia’s northwestern port of Primorsk – one of the country’s largest oil and fuel export terminals – led to a suspension of oil loading operations overnight, an

Industry job losses and $2 billion cuts threaten U.S. oil output growth

September 10, 2025

(World Oil) – The U.S. oil industry is facing significant challenges, having laid off thousands of workers and reduced billions in spending due to declining oil prices and major industry consolidation. This shift may signal the end of the rapid output growth that once positioned the U.S. as the top global producer. In response, the Organization of the Petroleum Exporting

Oil gains after OPEC+ opts for modest output hike

September 8, 2025

(Investing) – HOUSTON – Oil prices rose on Monday, recovering some of last week’s losses, after producer group OPEC+ opted for a modest output hike and investors priced in the possibility of more sanctions on Russian crude. OPEC+ flagged plans to further increase production from October but the amount was less than some analysts had anticipated. Reuters had reported earlier this

Alberta predicts wider budget deficit amid lower oil prices

September 1, 2025

(World Oil)– Alberta is projecting a wider deficit for the current fiscal year as oil prices fall, denting a key source of revenue for Canada’s top energy-producing province. The deficit will widen to US$4.7 billion (C$6.5 billion) in the fiscal year ending in March, C$1.3 billion bigger than previously forecast, the provincial government said Thursday. Driving the wider shortfall is

Oil edges up on signs of strong demand, Russia-Ukraine peace uncertainty

August 21, 2025

(Investing) – LONDON -Oil prices edged up on Thursday, bolstered by signs of strong demand in the United States, with uncertainty over efforts to end the war in Ukraine also lending support. Brent crude futures were up 11 cents, or around 0.2%, at $66.95 a barrel at 1335 GMT, having hit a two-week high earlier in the session. U.S. West Texas Intermediate

Oil falls as OPEC+ output hike adds to oversupply concerns

August 4, 2025

(Investing) – NEW YORK/LONDON -Oil prices fell to their lowest in a week on Monday after OPEC+ agreed to another large output increase in September, adding to oversupply concerns after U.S. data showed lacklustre fuel demand in the top consuming nation. Brent crude futures fell 43 cents, or 0.6%, to $69.24 a barrel by 11:39 a.m. ET (1539 GMT), while U.S. West

Oil prices drop as tariff jitters weigh; weekly gains likely

August 1, 2025

(Investing) – Oil prices slipped lower U.S. President Donald Trump outlined tariffs against a slew of countries, ramping up concerns over their potential impact on oil demand. At 08:05 ET (12:05 GMT), Brent oil futures for October fell 0.7% to $71.21 a barrel and West Texas Intermediate crude futures dropped 0.6% to $68.85 a barrel. But crude prices were still set for gains of over

Central banks, like the Fed or ECB, use interest rates to keep inflation in check. Lower interest rates reduce consumer borrowing costs and can boost economic growth and demand for oil. In China, the world’s second biggest economy, fiscal revenue dipped 0.3% in the first six months from a year earlier, the finance ministry said on Friday, maintaining the rate of decline seen between January and May. GROWING SUPPLIES? The U.S. is preparing to allow partners of Venezuela’s state-run PDVSA, starting with U.S. oil major Chevron (NYSE:CVX), to operate with limitations in the sanctioned nation, sources said on Thursday. That could boost Venezuelan oil exports by a little more than 200,000 barrels per day (bpd), which would be welcome news for U.S. refiners, as it would ease tightness in the heavier crude market, ING analysts wrote. In the Middle East, Iran said it would continue nuclear talks with European powers after "serious, frank, and detailed" conversations on Friday, the first such face-to-face meeting since Israel and the U.S. bombed Iran last month. Venezuela and Iran are members of the Organization of the Petroleum Exporting Countries (OPEC). Any deal that could increase the amount of oil either sanctioned country could export would boost the amount of crude available to global markets. A meeting of the Joint Ministerial Monitoring Committee, which includes top ministers from OPEC and allies like Russia, a group known as OPEC+, is scheduled for 1200 GMT on Monday.- oil and gas 360

Oil prices ease as negative economic news offsets trade optimism

July 25, 2025

(Investing) – NEW YORK -Oil prices eased on Friday on negative economic news from the United States and China and signs of growing supply despite optimism U.S. trade deals could boost global economic growth and oil demand in the future. Brent crude futures fell 32 cents, or 0.5%, to $68.86 a barrel by 11:02 a.m. EDT (1502 GMT), while U.S. West Texas

Why analysts favor the unloved energy stocks

July 24, 2025

(Oil Price)– Although the outlook on oil prices and demand has become increasingly uncertain in recent months, analysts continue to recommend the underperforming energy stocks as a good bet for investors. Energy has the highest share of the stocks with “buy” recommendations of all 11 sectors of the S&P 500, according to ratings from Wall Street analysts compiled by Bloomberg. Many

Oil prices in mid-$60s put U.S. shale profits in danger zone, investors say

July 17, 2025

(World Oil)– Activity is slowing in U.S. oil fields as drillers remain in the crude-price danger zone for profits, according to one of the biggest investors of private operators in the shale patch. “In the mid-$60s, you get dangerously close to where oil prices don’t really drive appropriate returns for new drilling,” Dwight Scott, who joined Quantum Capital Group at

Oil prices gain on geopolitical risks, inventory worries

July 17, 2025

(Investing) – LONDON – Oil prices rose on Thursday, even as global trade tensions appeared to cool, with analysts pointing to low inventories and renewed Middle East risks as factors supporting the market. Brent crude futures were up 31 cents, or around 0.5%, to $68.83 a barrel at 1203 GMT. U.S. West Texas Intermediate crude futures were up 61 cents, or 0.9%,

Premium Content