Russia’s Crude Price Slips to Lowest since Ukraine Invasion | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Dec 16, 2025, 11:30 AM CST The price of Russia’s crude has tumbled over the past three months to its lowest level since Russia invaded Ukraine in early...Continue Reading

UK North Sea Oil Merges Its Way Through Decline | OilPrice.com Natalia Katona Natalia Katona is a freelance commodity analyst, based in the United Arab Emirates. More Info Premium Content By Natalia Katona – Dec 16, 2025, 11:00 AM CST UK North Sea assets are consolidating rapidly, with mergers involving Harbour Energy, TotalEnergies, Shell and...Continue Reading

Subsea7 has secured a substantial subsea installation contract from Chevron Australia for the Gorgon Stage 3 project, covering engineering, fabrication and deepwater installation activities offshore Western Australia, with offshore operations planned for 2028. SourceContinue Reading

Shell Renews Efforts to Sell Stake in Rosneft-Held German Refinery | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Dec 16, 2025, 10:30 AM CST Shell has restarted a process to sell its minority 37.5% stake in the Schwedt refinery in Germany, whose majority shareholder is...Continue Reading

Brent crude slipped below $60/bbl for the first time since May, as rising global supply continues to outpace demand. A growing surplus outlook for 2026, combined with easing geopolitical risk premiums, is adding fresh pressure to oil markets. SourceContinue Reading

TotalEnergies has sold a 9.998% stake in Malaysia’s SK408 offshore gas block to PTTEP, reinforcing a long-standing partnership while retaining operatorship. The move supports portfolio optimization as the company deepens its role as a leading gas producer in Malaysia. SourceContinue Reading

Brent Breaks Below $60 on Oversupply Fears | OilPrice.com Tom Kool Tom majored in International Business at Amsterdam’s Higher School of Economics and later completed an Executive MBA in Energy Transition at the University of Groningen.… More Info Premium Content By Tom Kool – Dec 16, 2025, 9:40 AM CST In this week’s newsletter, we...Continue Reading

Shell has sanctioned a waterflood project at its Kaikias field in the U.S. Gulf, targeting an estimated 60 MMboe of additional recoverable resources and extending production from the Ursa hub into the next decade. SourceContinue Reading

U.S. and Ukraine Report Progress Toward Peace | 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 – Dec 16, 2025, 9:00 AM CST U.S. officials described proposed security...Continue Reading

Oil prices fell by 2% early on Tuesday as hope of a peace deal in Ukraine increased, sending Brent crude below $60 per barrel to the lowest level since May.  As of 9:27 a.m. ET on Tuesday, the front-month Brent Crude futures prices traded down by 2.16% below the $60 per barrel threshold, at $59.31. ...Continue Reading