Croatia Ready to Supply Crude to Hungary and Slovakia
Croatia can ensure crude oil supplies to Hungary and Slovakia, which haven’t received Russian oil for a month following damage on the Druzhba oil pipeline, the Croatian Prime Minister, Andrej…
UAE Boosts Murban Crude Exports Ahead of Key OPEC+ Decision
Abu Dhabi’s national oil company, ADNOC, has offered additional barrels of Murban crude to its international minority partners in the onshore concession where the grade is being produced, sources with…
Oil Prices Surge 3.7% as U.S.-Iran Standoff Triggers Higher 2026 Forecasts
Economists and oil market analysts have hiked their oil price forecasts for 2026 amid rising geopolitical tensions and heightened war premium due to the U.S.-Iran standoff. Both crude oil benchmarks…
Why Is the Oil Price Rising Today?
Why is the oil price rising today? That’s the question Rigzone asked several analysts on Friday in separate exclusive interviews. “Crude is moving higher today on a combination of positioning…
Judge Says He Will Order Greenpeace to Pay an Expected $345 Million in Dakota Access Oil Pipeline Protest Case
By Leaders and attorneys for several Greenpeace entities listen to a reporter’s question after a jury’s verdict at the Morton County Courthouse in Mandan, N.D., Wednesday, March 19, 2025. (AP…
OIL IN 2026 – Analysts Hike Oil Outlook on Geopolitical Risks, Oversupply Concerns Limit Upside
Summary Brent projected to average $63.85 per barrel in 2026 WTI projected to average $60.38 per barrel in 2026 For table of crude price forecasts, click (Reuters) – Supply risks…
US Takes Step to Solidify Rules on Nuclear Fusion Energy
Summary Companies Fusion backers hope to generate power in 2030s Technology would produce nuclear power without long-lived radioactive waste US regulator publishes draft rule on fusion energy WASHINGTON, Feb 26…
Venezuela Suspends 19 Oil Production Contracts
Venezuela’s government has suspended 19 production-sharing agreements with private oil companies, Reuters has reported, citing unnamed sources. The deals are for projects in Lake Maracaibo, the Orinoco Belt, and several…
Alberta Budgets for Three Years of Deficit on Low Oil Prices
Alberta will end fiscal 2025/26 with a deficit and will run a deficit for the next three fiscal years as well, the province’s finance minister has said. The deficit for…
India Plans 30% Slash in Thermal Coal Imports This Year
India seeks to slash imports of thermal coal used in its power sector by 30% this year as it wants to use more of its domestic coal supply, industry and…
