U.S. Extends Chevron’s License to Operate in Venezuela | 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 21, 2025, 1:47 AM CDT The U.S. federal government will extend a sanction waiver allowing...Continue Reading
Crude oil prices rose sharply earlier today following reports on Tuesday that Israel had plans to attack Iranian nuclear facilities. At the time of writing, Brent crude was trading at $66.37 per barrel, with West Texas Intermediate at $62.56 per barrel, after CNN reported late on Tuesday that new intelligence obtained by the U.S. suggested...Continue Reading
Strategic Earthquake in Europe Signals Age of Uncertainty | OilPrice.com Alastair Paynter Dr Alastair Paynter is a strategist, analyst and historian. He is the London Correspondent for the “Defense & Foreign Affairs” group of publications, published by… More Info Premium Content By Alastair Paynter – May 20, 2025, 7:00 PM CDT A convergence of crises—geopolitical...Continue Reading
U.S. officials from the Bureau of Ocean Energy Management (BOEM) have lifted the stop-work order for Equinor’s Empire Wind project, offshore New York. “I would like to thank President Trump for finding a solution that provides for continued investments in energy infrastructure in the U.S.,” said Anders Opedal, President and CEO of Equinor ASA. SourceContinue Reading
Venezuela released an American citizen on the same day the U.S. was set to give Chevron another 60-day waiver to operate in the country, part of a push by President Nicolas Maduro’s government and the Trump administration to improve ties. SourceContinue Reading
Big Oil Shrugs at $60 Crude—for Now | 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 Premium Content By Tsvetana Paraskova – May 20, 2025, 6:00 PM CDT Company executives expressed confidence that their firms can and...Continue Reading
Leaders from the American Petroleum Institute and National Ocean Industries Association today voiced their support of the U.S. National Marine Fisheries Service’s release of a new biological opinion for the Gulf of America/Gulf of Mexico. SourceContinue Reading
The Real Strategic Reasons Why Trump Is Lifting Sanctions On Syria | OilPrice.com Simon Watkins Simon Watkins is a former senior FX trader and salesman, financial journalist, and best-selling author. He was Head of Forex Institutional Sales and Trading for… More Info Premium Content By Simon Watkins – May 20, 2025, 5:00 PM CDT Trump’s...Continue Reading
Will Europe’s $50 Russian Oil Price Cap Plans Thwart the ‘Shadow Fleet’? | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com. More Info Premium Content By Alex Kimani – May 20, 2025, 4:00 PM CDT The EU plans to propose a $50 per barrel cap (down from...Continue Reading
US Oil Inventories Keep Growing as Prices Sag | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – May 20, 2025, 3:46 PM CDT The American Petroleum Institute (API) estimated that crude oil...Continue Reading
