Barclays Cuts 2026 Brent Forecast on OPEC+ Supply Increase Expectations
(Reuters) – Barclays on Monday lowered its Brent crude oil price forecast for 2026 by $4 to $66 a barrel, citing expectations that OPEC+ will fully unwind voluntary production cuts…
Oil Set to Fall Below $60 Into Next Year, FGE’s Fesharaki Says
By The decision by OPEC+ to once again raise production may have been more modest than expected, but oil prices could still tumble below $60 a barrel into the end…
Data Center Builder Fermi Files for US IPO as New Listings Accelerate
(Reuters) – Fermi, a Texas company co-founded by former U.S. Energy Secretary Rick Perry, on Monday filed for an initial public offering in the United States, as companies rush to…
Cuts to US Oil Jobs and Spending Threaten Output Growth
Summary Oil and gas producers cut $2 bln in expenditure, Reuters analysis shows US oil rig counts have fallen by 69 this year Trump’s trade policies and tariffs push up…
Eight Opec+ Members Agree to Raise Oil Production by 137,000 Bpd in October
Eight Opec+ members agreed to raise oil production by 137,000 bpd in October, the group said in a statement on Sunday. The group’s statement cited steady global economic outlook and…
Trump Ready for ‘Phase Two’ of Russia Sanctions Over Ukraine Conflict
The latest comments suggest an increasingly aggressive posture, but Trump stopped short of saying he was committed to such a decision or what a second phase might entail. Get the…
Oil Gains After OPEC+ Output Hike Seen Modest
Summary Eight OPEC+ members to lift output by 137,000 bpd from October Russia hits Ukraine with biggest air attack of war Trump says European leaders to visit US over Russia-Ukraine…
Japan Hires Wood Mackenzie to Assess Trump-Backed Alaska LNG Project
The scope and cost of the deal with Wood Mackenzie is unclear, as is whether any resulting report will be made public. Get the Latest US Focused Energy News Delivered…
US Drillers Add Oil and Gas Rigs for First Time in Seven Weeks, Baker Hughes Says
Despite this week’s rig increase, Baker Hughes said the total count was still down 45 rigs, or 7.7%, below this time last year. Get the Latest US Focused Energy News…
Oil Prices Settle Down More Than 2% After weak US Jobs Report
Summary Crude down 2%, third consecutive session of losses US crude inventories rise by 2.4 million barrels OPEC+ to consider further output hike on Sunday, sources say HOUSTON, Sept 5…
