Brazil, Guyana and Argentina are set to drive nearly half of global crude oil production growth in 2026, according to the latest EIA outlook, underscoring the rising influence of non-OPEC+ supply from deepwater and shale developments. SourceContinue Reading

MOL Group and SOCAR have signed a new onshore exploration and production sharing agreement in Azerbaijan’s Shamakhi-Gobustan region, with MOL as operator. The deal strengthens their Caspian partnership and sets the stage for seismic work in 2026, followed by future exploration drilling. SourceContinue Reading

U.S. gasoline prices are set to fall to the lowest level since 2020, thanks to increasing supplies, despite some ongoing refinery maintenance, GasBuddy has predicted. GasBuddy has predicted that U.S. motorists will pay an average of $2.79 per gallon on Christmas Day, down from $2.95 per gallon a year ago. That will mark the cheapest...Continue Reading

EIA: Brazil, Guyana, Argentina Driving 2026 Oil Output Growth | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Related News By Alex Kimani – Dec 17, 2025, 12:30 PM CST Brazil, Guyana, and Argentina are set to be major drivers of non-OPEC oil supply growth...Continue Reading

Since early December 2025, a wave of protests has swept across Iran, ranging from human rights campaigns in major urban areas to labor strikes in industrial hubs. As Statista’s Tristan Gaudiat reports, part of the growing popular unrest concerns the accelerating use of the death penalty by the Iranian regime (more than 1,000 executions documented...Continue Reading

Oil Executives Predict Another Dull Year In 2026 | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Related News By Alex Kimani – Dec 17, 2025, 11:30 AM CST The latest survey by the Federal Reserve Bank of Dallas has revealed lingering pessimism in oil...Continue Reading

Europe Targets Russia’s Shadow Fleet in a New Phase of Oil Sanctions | 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 17, 2025, 11:00 AM CST...Continue Reading

U.S. Weighs New Oil Sanctions on Russia if Putin Rejects Peace Deal | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Dec 17, 2025, 10:30 AM CST The United States is considering a fresh barrage of sanctions against Russia’s oil exports if Russian President Vladimir Putin...Continue Reading

Crude oil inventories in the United States decreased by 1.3 million barrels during the week ending December 12, after losing 1.8 million barrels in the week prior, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The decrease brings commercial stockpiles to 424.4 million barrels according to government data, which...Continue Reading

Ukrainian Attack Halts Production at Lukoil’s Grayfer Field | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Dec 17, 2025, 9:30 AM CST Ukraine has damaged an offshore drilling rig at Lukoil’s Grayfer field in the Russian Caspian Sea in a drone attack, the Ukrainian General...Continue Reading