OPEC+ Extends Output Pause Amid Glut Concerns
OPEC+ confirmed its plans to extend the pause on crude oil production hikes to March this year, citing “healthy oil market fundamentals as reflected in low inventories.” In a press…
After Years Offline, Trinidad Looks to Indian Oil to Restart Refining
Trinidad and Tobago is once again trying to bring its long-idled one-and-only oil refinery back to life, but this time the government is talking to Indian Oil Corp about making…
Iran Hopes Diplomacy Push Will Avert War With USA
Iran hopes that diplomatic efforts to avert a war with the US will bear fruit within days, the Islamic Republic’s foreign ministry said on Monday. Multiple countries in the Middle…
EU Weighs Scrapping Russia Oil Price Cap for Harder Sanctions
The European Union is quietly preparing to take a much bigger swing at Russia’s oil trade. And this time, Brussels is aiming less at price optics and more at enforcement…
OPEC+ Poised to Maintain Oil Output in March as Brent Breaks $70
The OPEC+ group is expected to maintain its oil production policy unchanged this weekend and affirm a pause in output hikes in March even as Brent Crude prices hit $70…
Glut To Trump Geopolitics to Keep Oil Price around $60 This Year
The global oversupply is set to override geopolitical flare-ups this year, keeping oil prices close to the $60 per barrel mark, the monthly Reuters poll showed on Friday. Brent Crude…
Exxon Beats Expectations as Record Production Offsets Lower Oil Prices
Despite lower oil prices, ExxonMobil (NYSE: XOM) booked higher-than-expected earnings for the fourth quarter as quarterly production in the Permian basin and offshore Guyana set new records. Exxon reported on…
