Iran’s Oil Return Would Be Modest, Even With a Deal | OilPrice.com Premium Content By Editorial Dept – May 16, 2025, 12:00 PM CDT In the latest edition of the Numbers Report, we will take a look at some of the most interesting figures put out this week in the energy and metals sectors. Each...Continue Reading

Bulls on the Backfoot as Supply Risks Mount | OilPrice.com Premium Content By Editorial Dept – May 16, 2025, 12:00 PM CDT Crude oil futures reversed sharply lower by Thursday after beginning the week with a strong rally fueled by optimism over a temporary easing in U.S.-China trade tensions. Prices initially surged more than 4%...Continue Reading

Occidental has entered into an agreement with ADNOC’s XRG to evaluate a potential joint venture to develop a Direct Air Capture (DAC) facility in South Texas. As part of the joint venture, XRG will consider investing up to $500 million. SourceContinue Reading

Fresh EU Sanctions on Russia Could Include Lower Oil Price Cap | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Premium Content By Michael Kern – May 16, 2025, 11:00 AM CDT The EU is preparing its 18th sanctions package against Russia, aiming to increase pressure on...Continue Reading

Egypt Turns to Oil for Power Generation Due to High Gas Prices | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 16, 2025, 10:30 AM CDT Egypt is seeking to buy more fuel oil on which to run some of its power plants as natural...Continue Reading

Brent Nears $65 on Renewed Trade Optimism | OilPrice.com Tom Kool Tom majored in International Business at Amsterdam’s Higher School of Economics, he is Oilprice.com’s Head of Operations More Info Premium Content By Tom Kool – May 16, 2025, 10:00 AM CDT oil is riding high on the euphoria of not having debilitating tariffs on...Continue Reading

U.S.-Canada Trade Strains Alter Trans Mountain Oil Flows | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Related News By Michael Kern – May 16, 2025, 9:30 AM CDT Crude flows from the expanded Trans Mountain pipeline have materially shifted since the relations between the United States...Continue Reading

Iran Proposes Regional Nuclear Consortium to Ease Tensions | 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 – May 16, 2025, 9:00 AM CDT Iran has proposed a...Continue Reading

U.S. Warns Hong Kong Banks Over Iran Oil Sales | 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 – May 16, 2025, 8:24 AM CDT The United States is looking to close...Continue Reading

The United States overtook the United Arab Emirates (UAE) to become India’s fourth-largest crude oil supplier in April, after the Asian country boosted purchases from America to position itself for a better trade deal.  India’s imports of crude oil from the United States jumped to 330,000 barrels per day (bpd) in April, up from 240,000...Continue Reading