The Trump administration is back on the “maximum pressure” train, and this time, Treasury Secretary Scott Bessent says they’re gunning to slash Iran’s oil exports to a mere 100,000 barrels per day—down from its current 1.5-1.6 million bpd. That would equate to a 90% drop. The announcement sent oil prices slightly higher today as traders...Continue Reading

Oil Refiners Boost Biofuel and Petrochemical Production | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Feb 14, 2025, 8:30 AM CST Refiners have started to produce growing volumes of cleaner...Continue Reading

By Editorial Dept – Feb 14, 2025, 8:30 AM CST Is this the end of the war in Ukraine? Sure. This can be whatever we spin it to be. It will be a messy eternally-frozen conflict one way or another. On February 12, we saw a declaration from Washington to the effect that Ukrainian territory...Continue Reading

Opposition Grows to Trump’s Gaza Plan | OilPrice.com Premium Content By Editorial Dept – Feb 14, 2025, 8:30 AM CST Politics, Geopolitics & Conflict Libya’s Minister of State in Tripoli (the Dbeibah government), Adel Jumaa, survived an assassination attempt on Wednesday on a Tripoli highway. He remains in stable condition in the hospital after being...Continue Reading

Will the Bulls Defend $70 Oil? | OilPrice.com Premium Content By Editorial Dept – Feb 14, 2025, 8:30 AM CST This week in the crude oil market was a rollercoaster of price swings as bullish supply concerns clashed with bearish macroeconomic and geopolitical developments. The early week saw oil extend its gains on supply constraints...Continue Reading

China’s Insatiable Demand for Coal | OilPrice.com Premium Content By Editorial Dept – Feb 14, 2025, 8:30 AM CST OPEC+ Heavyweights Stick to Quotas, Smaller Producers Become a Liability – OPEC+ countries produced 40.54 million b/d in January, continuing a three-month streak of relative stagnation as month-over-month changes remained as low as 20,000 b/d amidst...Continue Reading

Oil Prices Rise Despite Multiple Bearish Catalysts | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Premium Content By Michael Kern – Feb 14, 2025, 8:00 AM CST Oil prices are rising despite concerns about Trump imposing tariffs on trading partners and talk of a peace deal...Continue Reading

China Starts Ultra-Deep Onshore Oil and Gas Drilling Campaign | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Feb 14, 2025, 7:30 AM CST Chinese companies have launched a new ultradeep...Continue Reading

India’s Petrochemical Demand Stays Resilient Amid Global Slowdown | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Feb 14, 2025, 6:45 AM CST Demand for petrochemicals in India is expected to...Continue Reading

UK Regulator Moves to Fast-Track Clean Energy Connections to Grid | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Feb 14, 2025, 5:44 AM CST The UK’s energy regulator, Ofgem, is...Continue Reading