Investors See Oil Below $90 a Barrel by Year-End, BofA Survey Finds
A plurality of investors expect benchmark Brent oil to trade between $80 and $90 a barrel by the end of this year, according to a BofA survey of fund managers…
US Power and Natgas Prices Turn Negative in Texas and California as Mild Weather Cuts Demand
By Pipeline constraints in Permian region trap gas, causing record negative Waha Hub prices California power and gas prices turn negative amid low demand and abundant hydropower NWRFC projects above-normal…
BP’s New CEO to Simplify Company Structure into Upstream, Downstream Units
By BP had upstream/downstream structure before 2020 transition push No clear timeline set yet for reorganisation Meg O’Neill became CEO on April 1 LONDON, April 14 (Reuters) – BP (BP.L)…
BP Flags Exceptional Oil Trading Profit as Middle East War Drives Q1 Volatility
BP expects to have booked an “exceptional” oil trading result for the first quarter of 2026, amid the extreme volatility in prices since the war in the Middle East began.…
HSBC Sees A U.S.-Iran Deal As Key To Restoring Oil and Gas Flows
A peace deal in the Middle East is key to restoring global energy flows, and the sooner it could be achieved, the less negative economic impact it would have on…
ANZ Raises Brent Forecast to $90 as Hormuz Blockade Removes 10 Million Bpd
Brent crude prices will remain above $90 per barrel through the end of this year as the war continues to cut off supply from the Middle East, analysts at Australia-based…
Nomura: Full U.S. Blockade Could Cut Off Another 2.3 Million Bpd Oil Supply
Oil supply from the Middle East could drop by another 2.3 million barrels per day (bpd) if the U.S. were to completely block the Strait of Hormuz, according to bank…
Philippines Asks Washington to Extend Russian Oil Waiver
The Philippines, one of Southeast Asia’s biggest economy which is grappling with an energy crisis due to the Middle East supply shock, has asked the United States to extend the…
Russia places temporary export controls on helium
By 7 min ago 2 min read Russia has introduced temporary export controls on helium to maintain consistent supplies to the domestic market, according to a Reuters report. The world’s…
EU signs off on €3.7bn Czech biomethane production subsidies
By 18 min ago 2 min read The European Commission has approved a €3.7bn ($4.36bn) Czech government funding scheme to scale sustainable biomethane production amid the net-zero emission push. The…
