Oil Set for Weekly loss on Surplus Fears Despite OPEC+ Cut Extensions
Summary Brent and WTI set for weekly loss Even with OPEC+ restraint, analysts see oil oversupply in 2025 (Reuters) – Oil prices fell on Friday as analysts continued to forecast…
U.S. Drillers Add Oil and Gas Rigs for First Time in 8 Weeks -Baker Hughes
Dec 6 (Reuters) – U.S. energy firms this week added oil and natural gas rigs for the first time in eight weeks, energy services firm Baker Hughes said in its closely…
Goldman Sachs Maintains 2025 Brent Oil Price Forecast at $76 Per Barrel
Goldman Sachs on Friday maintained its forecast for Brent oil to average $76 per barrel in 2025, citing a balanced market situation, with lower OPEC+ supply offsetting an unexpected surge…
Chevron CEO Says No Discussions with President-Elect Trump on Venezuela
Summary Chevron supports U.S. policy on Venezuela, aims for better future for Venezuelans Wirth suggests setting limits on use of strategic petroleum reserve (Reuters) – Chevron, the only U.S. oil…
Oilfield Service Consolidation to Increase Under Trump, Report Says
(Reuters) – The oilfield service sector is poised for more consolidation in 2025, according to Deloitte’s 2025 Oil and Gas Industry Outlook, with President-elect Donald Trump expected loosen regulations on…
Funds Wait on U.S. Energy Regulator to Answer a $26 Trillion Question
(Reuters) U.S. energy regulators have another window of opportunity to clarify the role that giant fund firms should play in corporate ownership. It’s a good chance to resolve a nagging…
Bank Sold Over $270 million of US Oil Futures Ahead of OPEC+ Meet, Source Says
(Reuters) – A single bank sold a large volume of U.S. oil futures contracts in early afternoon trading on Wednesday, a person with direct knowledge of the matter said, pushing…
Oil Gives Back Some Gains After Source Says OPEC+ to Delay Output Hike
(Reuters) – Oil prices pared some gains on Thursday after a source told Reuters OPEC+ has agreed to delay a planned oil output hike until April 2025. Brent crude was…
Shell Slows Offshore Wind Spending, Splits Power Business in CEO Review
Summary Shell won’t lead new offshore wind investments, it tells Reuters Shell Energy to split into power generation, trading units Changes are part of CEO Sawan’s review of strategy (Reuters)…
J.P. Morgan Expects Demand Trends to Favor US Natgas Over Oil
Share This: More News Articles ** Says expectations of record U.S. oil supply, OPEC+ barrels return in 2025, Non-OPEC 2025 supply growth and potential policy de-regulations due to Republicans gaining…
