Iron Ore Prices Plunge to Nine-Month Low | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Jun 18, 2025, 1:00 PM CDT Iron ore prices have dropped significantly, reaching a nine-month low, primarily due to weakened steel demand and ongoing economic challenges in...Continue Reading
Oil swung in a turbulent session amid speculation the U.S. may join the Middle East conflict. The oil market’s main concerns are flows from Iran and the threat to vessel traffic in the Strait of Hormuz, through which about a quarter of the world’s crude shipments flow. SourceContinue Reading
Oil and Gas Production Surges in Argentina’s Vaca Muerta Shale | OilPrice.com Rystad Energy Rystad Energy is an independent energy consulting services and business intelligence provider offering global databases, strategic advisory and research products for energy companies and suppliers,… More Info Premium Content By Rystad Energy – Jun 18, 2025, 12:00 PM CDT Argentina’s Vaca...Continue Reading
The provision would allow energy companies subject to a 15% corporate alternative minimum tax to deduct certain drilling costs when calculating their taxable income. Companies including ConocoPhillips, Ovintiv Inc. and Civitas Resources, Inc. lobbied in favor of it. SourceContinue Reading
Subsea7 has secured a substantial contract offshore Norway. Subsea7’s scope includes engineering, procurement, construction and installation (EPCI) of pipeline bundles, spools, protection covers and tie-ins using key vessels from Subsea7’s fleet. SourceContinue Reading
Canada Could Begin First Pacific LNG Production This Weekend | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jun 18, 2025, 11:30 AM CDT Canada could produce its first-ever liquefied natural gas (LNG) for export from the Pacific coast as early as this weekend, according to...Continue Reading
The Strait of Hormuz may be one of the most strategically sensitive energy corridors in the world, but the oil market isn’t blinking, yet, with Eni CEO Claudio Descalzi predicting Iran will not be able to afford this option. Brent’s muted response at around $77 per barrel on Wednesday, signals that traders see the odds...Continue Reading
Crude oil inventories in the United States fell by 11.5 million barrels during the week ending June 13, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The drop brings commercial stockpiles to 420.9 million barrels, roughly 10% below the five-year average for this time of year. Crude prices were...Continue Reading
Norway’s State-Owned Utility Announces Sweeping Cost Cuts | OilPrice.com Related News By Michael Klare – Jun 18, 2025, 9:30 AM CDT Norwegian state-owned utility Statkraft announced plans on Wednesday to slash annual costs by 2.9 billion NOK ($292 million) by 2027, warning that staff layoffs may follow in the second half of the year. The...Continue Reading
FTSE 100 oil heavyweights are back in analysts favour after oil prices surged from the intensifying Middle Eastern conflict. BP and Shell shares have jumped around three per cent in the last week and climbed further as President Donald Trump weighed in on the attacks in Israel and Iran. Russ Mould, investment director at AJ...Continue Reading
