NATO Officials Reassure Allies Despite Speculation of U.S. Withdrawal | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – Mar 04, 2025, 10:00 AM CST US officials have...Continue Reading

Global oil demand will hit a record this year as Asian countries, particularly China and India, continue to expand consumption, said Saudi Aramco’s CEO in an earnings call. Oil use is set to rise by 1.3 million barrels a day (bpd) this year to just over 106 million bpd. SourceContinue Reading

Putin Agrees to Mediate U.S.-Iran Nuclear Talks | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Mar 04, 2025, 9:30 AM CST Russian President Vladimir Putin has agreed to help mediate talks between the Trump Administration and Iran on issues including the Islamic Republic’s nuclear program...Continue Reading

Threat of Rising Supply and Demand Destruction Puts Oil Prices Under Pressure | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Premium Content By Michael Kern – Mar 04, 2025, 9:01 AM CST The trade war between China and the U.S. is intensifying just as OPEC+ prepares...Continue Reading

Chinese CNOOC to Launch $2.7-Billion Upgraded Refinery Complex | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Mar 04, 2025, 8:30 AM CST State-controlled China National Offshore Oil Company (CNOOC) is set to launch a refinery and petrochemicals complex later this year, following a $2.74-billion upgrade,...Continue Reading

Trade Wars Begin as U.S. Tariffs on Canada and Mexico Come Into Effect | 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 – Mar 04, 2025, 7:30 AM CST The global trade...Continue Reading

Saudi oil giant Aramco on Tuesday reported a drop in 2024 profits and guided for a 30% lower total dividend for this year, which would further strain the finances of the Kingdom of Saudi Arabia. Aramco, the world’s single biggest crude producer and exporter, booked a net profit of $106.2 billion for 2024, down from...Continue Reading

BP Looks to Hire Two More Directors Under Oil-Focused Strategy | 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 – Mar 04, 2025, 6:15 AM CST BP is looking to raise the...Continue Reading

Trump Administration Considers Sanctions Relief for Russia | 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 – Mar 04, 2025, 5:00 AM CST The White House has asked the U.S. Departments of...Continue Reading

U.S. Pauses All Military Aid to Ukraine | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Related News By Irina Slav – Mar 04, 2025, 4:01 AM CST The White House has suspended all military aid to the Ukrainian...Continue Reading