By Editorial Dept – May 23, 2025, 8:30 AM CDT Israel’s recent push to label Qatar a terrorist-supporting state is not just a reaction to Doha’s relationship with Hamas—it’s a calculated maneuver designed to derail any diplomatic opening between the United States and Iran. At the surface, the effort seems rooted in frustration over Qatar’s...Continue Reading

By Editorial Dept – May 23, 2025, 8:30 AM CDT Politics, Geopolitics and Conflict Indian Ocean: The U.S. has just secured the future of its military base in Diego Garcia—arguably the single most important Western outpost in the Indian Ocean—by backing a UK-Mauritius sovereignty deal that hands nominal control of the Chagos Archipelago to Port...Continue Reading

Oil Prices Under Pressure as Supply Concerns Outweigh Geopolitical Fears | OilPrice.com Premium Content By Editorial Dept – May 23, 2025, 8:30 AM CDT Crude oil futures are in a position to finish lower this week as a series of bearish developments weighed on trader sentiment, with supply-side risks overshadowing geopolitical tensions. West Texas Intermediate...Continue Reading

Trump Slams UK’s North Sea Energy Policy, Again | 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 23, 2025, 8:05 AM CDT U.S. President Donald Trump has taken to social...Continue Reading

U.S. Courting Asian Investors for $44 Billion Alaska LNG Project | 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 23, 2025, 7:00 AM CDT The top U.S. energy officials will...Continue Reading

Phillips 66 to Lay Off Most Workers at Los Angeles Refinery | 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 23, 2025, 5:52 AM CDT U.S. refining giant Phillips 66,...Continue Reading

U.S. Demands Unilateral Tariff Cuts From EU | 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 23, 2025, 4:41 AM CDT The U.S. Administration wants the EU to make unilateral...Continue Reading

Pemex Announces 3000 Job Cuts in Restructuring Effort | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 23, 2025, 3:30 AM CDT Mexico’s Pemex plans to cut 3,000 jobs as part of a restructuring move aimed at reducing its expenses, Bloomberg has reported, citing a...Continue Reading

Asian Buyers Increase Purchases of Murban Oil | 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 – May 23, 2025, 2:34 AM CDT A substantial drop in the spot market price for Emirati crude...Continue Reading

Crude oil prices were set for a weekly decline today, following a report that OPEC+ was planning to add another 411,000 barrels daily to its output in July in an extension of its accelerated rollback of output controls. At the time of writing, Brent crude was trading at $64.06 per barrel, with West Texas Intermediate...Continue Reading