NEOM’s Future Hangs in Balance as Riyadh Tightens Fiscal Belt | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jul 18, 2025, 10:30 AM CDT Saudi Arabia is reassessing the scope and timeline of its $500-billion NEOM initiative, according to Bloomberg and CNBC, with officials reportedly...Continue Reading

Oil Prices Climb After the EU Imposes New Sanctions on Russia | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Premium Content By Michael Kern – Jul 18, 2025, 9:41 AM CDT Oil prices moved higher on Friday morning after the EU agreed to an 18th package...Continue Reading

Why Isn’t Canada Cutting Oil Production? | OilPrice.com Premium Content By Editorial Dept – Jul 18, 2025, 9:41 AM CDT Why Isn’t Canada Cutting Oil Production? Canada’s oil sands giants, Suncor and Imperial Oil, have become North America’s lowest-cost producers, a key transformation in the upstream landscape as shale producers struggle to break even with...Continue Reading

Oil Prices Climb as EU Sanctions Target Russian Trade | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jul 18, 2025, 9:30 AM CDT Oil prices rose on Friday after the EU adopted its 18th sanctions package against Russia, lowering the price cap, targeting Russian oil...Continue Reading

By Editorial Dept – Jul 18, 2025, 9:30 AM CDT Israeli airstrikes in Syria this week have been publicly framed as a response to threats against the Druze community after massacres of Druze that are being traced back to the new Syrian leadership in Damascus. The actual agenda is a bit more complicated.  Western media...Continue Reading

Why Trump Reversed His Stance on Russia | OilPrice.com Premium Content By Editorial Dept – Jul 18, 2025, 9:30 AM CDT Politics, Geopolitics & Conflict Trump’s sudden reversal on Russia (shifting from passive tolerance to a 50-day ultimatum backed by tariff threats and conditional arms for Ukraine) is not rooted in strategy or ideology. It’s...Continue Reading

Oil Prices Slide Under Trade and Inventory Pressures | OilPrice.com Premium Content By Editorial Dept – Jul 18, 2025, 9:30 AM CDT WTI crude oil traded between a high of $68.34 and low of $64.11 before reaching $66.28 as of Thursday’s close, down $0.86 or -1.28%. The price action reflected competing fundamental forces: escalating geopolitical...Continue Reading

Chevron has won its arbitration battle with ExxonMobil and successfully closed its $53 billion deal to buy Hess Corp. more than 20 months after the takeover was announced. Acquiring Hess and its stake in Guyana significantly increases the quality of Chevron’s oil assets beyond the Permian basin, analysts said. SourceContinue Reading

EU Lowers Russian Oil Cap to $47.60 | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Premium Content By Michael Kern – Jul 18, 2025, 9:00 AM CDT The European Union has approved a new sanctions package on Russia and Belarus, including a significant reduction in the...Continue Reading

Restart of Kurdistan’s Oil Export Isn’t Imminent | 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 – Jul 18, 2025, 8:00 AM CDT Despite Baghdad’s assurances that oil exports from Kurdistan will...Continue Reading