West Texas Intermediate advanced almost 3% to settle above $68 a barrel after U.S. President Donald Trump said he plans to make a “major statement” on Russia on Monday and reiterated criticism of President Vladimir Putin. SourceContinue Reading
Xecta has expanded its partnership with Santos to scale the deployment of the Integrated Production System Model (IPSM) across the company’s assets in Eastern Australia and Papua New Guinea. The five-year agreement follows a successful rollout in the Cooper basin. SourceContinue Reading
Perenco has completed its acquisition of the Greater Angostura producing oil and gas assets and associated production facilities from Woodside Energy in Trinidad & Tobago. The finalization of the deal, combined with Perenco’s existing operatios, aligns Perenco as a major oil and gas producer in country. SourceContinue Reading
U.S. and Brazil Become Key Oil Suppliers to India | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jul 11, 2025, 1:30 PM CDT India has sharply increased its crude oil imports from the United States and Brazil in the first half of 2025, marking a...Continue Reading
The total number of active drilling rigs for oil and gas in the United States slipped again this week, according to new data that Baker Hughes published on Friday, following a 8-rig decrease in the week prior. The total rig count in the US fell by 2 to 537 rigs, according to Baker Hughes, down...Continue Reading
Saudi Arabia’s Production Increase Sparks Credibility Concerns | 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 – Jul 11, 2025, 11:30 AM CDT After two years of playing the role of OPEC+ model...Continue Reading
The high dependence on oil for state revenues is squeezing Alaska’s budget when oil prices decline and making its economy grow below the national average. The struggling economy amid volatile oil prices is the key reason why Alaska has been rated as the worst state for doing business in America in 2025 by CNBC. Alaska...Continue Reading
Russia’s Oil Export Revenues Dip 14% | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jul 11, 2025, 10:30 AM CDT Russia’s export revenue from crude oil and petroleum products slumped by 14% in June compared to the same month last year, the International Energy Agency...Continue Reading
Geopolitical Risk and Tariff Delays Push Oil Prices Higher | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com, More Info Premium Content By Michael Kern – Jul 11, 2025, 10:00 AM CDT Oil prices are set to end the week higher after geopolitical risk climbed and Trump delayed tariff announcements....Continue Reading
By Editorial Dept – Jul 11, 2025, 9:38 AM CDT 1. OPEC Turbocharges Long-Term Demand Outlook Meeting in Vienna this week for its biennial seminar, OPEC has projected an even more bullish outlook for crude oil consumption than its previous forecasts, expecting global demand to hit 122.9 million b/d by 2050. Discarding environmentalist agendas promoted...Continue Reading
