EIR Still Sees Oil at $100 in H2, 2027
In a statement sent to Rigzone on Tuesday, Enverus Intelligence Research (EIR), a subsidiary of Enverus, revealed that it is maintaining its Brent oil price forecast at $100 per barrel…
Andhra Pradesh minister orders audit into liquid oxygen procurement
By 17 min ago 3 min read Andhra Pradesh Health Minister Satya Yadav has ordered a comprehensive audit into liquid oxygen procurement costs and instructed officials to file a report…
Oil Markets Price In an Iran Deal That Does Not Exist Yet
Oil prices tumbled Tuesday as traders once again priced in a U.S.-Iran agreement before anyone had actually signed one. West Texas Intermediate was trading at $75.64 per barrel shortly before…
ONGC Profit More Than Doubles as Oil Prices Surge
India’s Oil and Natural Gas Corporation more than doubled its quarterly profit as higher crude and natural gas prices—and a weaker rupee—more than made up for another drop in production.…
US Crude Oil Inventories Build As Washington Talks Up Potential Peace Deal
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 2.69 million barrels in the week ending July 30, despite analyst expectations for a…
Shell invests in Surat Gas Project to firm up QCLNG supply
By 11 min ago 2 min read Multinational energy firm Shell is investing in the next phase of Arrow Energy’s Surat Gas Project in Australia – securing long-term feedstock supply…
Qatar, Bessent Signal Progress on Short Term USA-Iran Deal
The prospect of a deal between the US and Iran appeared to be gaining traction on Tuesday, after Qatar said a proposal had been drafted and American Treasury Secretary Scott…
Pentagon Scraps $300 Million Lithium Tender for Defense Stockpile
The U.S. Department of Defense has canceled a tender to buy up to $300 million worth of lithium carbonate for the national strategic stockpile in another blow to the Administration…
India’s HPCL Snaps Up Nigerian Crude To Dodge The Hormuz Bottleneck
Indian state-owned refiner Hindustan Petroleum Corporation Limited (HPCL) has bought 2 million barrels of crude from Nigeria, trading sources told Reuters on Tuesday, as India looks to offset the loss…
Hormuz Tanker Traffic Stalls at Two-Month Low as Attacks Escalate
Traffic at the Strait of Hormuz remains at the lowest in more than two months as security concerns have intensified with recent attacks on ships and persistent threats to shipping…
