Crude oil prices could rise by between 15% and 20% from pre-war levels in case of disruption of 1.1 million barrels daily in production, Citi analysts have said, putting Brent crude’s wartime price at between $75 and $78 per barrel. If the supply disruption is larger, above 3 million barrels daily, Brent crude could hit...Continue Reading
Crude oil prices were set for another weekly gain today, the third in a row, as Israel and Iran continued to bomb each other with no sign of willingness on either side to switch to diplomacy. At the time of writing, Brent crude was trading at $77.04 per barrel, with West Texas Intermediate at $75.67...Continue Reading
Why Big Oil Isn’t Afraid of Peak Oil Demand | 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 – Jun 19, 2025, 7:00 PM CDT Major oil companies anticipate that global oil...Continue Reading
At the 96th Annual Meeting of the Independent Petroleum Association of America (IPAA) in Williamsburg, Va., Don Sparks the co-founder and chairman of the board of Discovery Operating, Inc., was presented with the 2025 Chief Roughneck Award. SourceContinue Reading
Trump’s Climate Subsidy Cuts Face Red-State Rebellion | 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 Premium Content By Irina Slav – Jun 19, 2025, 6:00 PM CDT Former President Trump’s goal to eliminate green energy subsidies faces significant...Continue Reading
Kazakhstan, China Forge Uranium Partnership as U.S. Falls Behind | 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 – Jun 19, 2025, 5:00 PM CDT Kazakhstan and China are deepening energy ties with $25 billion in new deals, including a...Continue Reading
The Physics of Collapse: How to Adapt to Economic Shifts | OilPrice.com Gail Tverberg Gail Tverberg is a writer and speaker about energy issues. She is especially known for her work with financial issues associated with peak oil. Prior… More Info Premium Content By Gail Tverberg – Jun 19, 2025, 4:00 PM CDT The world...Continue Reading
Continuing with the success of Phases I and II of its Laconia 3D OBN multi-client seismic program in the U.S. Gulf, Viridien has announced, in collaboration with partner TGS, the start of Laconia Phase III. SourceContinue Reading
Oil Price Momentum Tanks As Trump Dithers on Iran War Call | 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 – Jun 19, 2025, 3:30 PM CDT Crude prices are technically higher today,...Continue Reading
The growth in US power demand is surging to its highest rate in decades, driven first by the electrification of oil and gas production and then by the build out of data centers. While still below the 5-10% growth seen in China, the world’s first “electrostate,” the US power sector is experiencing rapid structural growth....Continue Reading
