With crude oil prices dropping into the low $60s per barrel, profitability in the oil and gas industry is under pressure, squeezing cash flows and forcing companies to reassess their capital allocation. As a result, upstream investments are expected to decline. Early signals from the peer group of majors support this trend, as they indicate...Continue Reading

Analyzing the Impact of 50% Tariffs on Aluminum and Steel | OilPrice.com Stuart Burns Stuart is a writer for MetalMiner who operate the largest metals-related media site in the US according to third party ranking sites. With a preemptive… More Info Premium Content By Stuart Burns – Jun 04, 2025, 2:00 PM CDT President Trump...Continue Reading

Central Asian states are demonstrating an increasing willingness to cooperate in managing water resources.  Officials from Kazakhstan, Tajikistan and Uzbekistan have signed an agreement covering allocations from the Bahri Tochik reservoir during the summer crop-growing season, the Tajik Ministry of Energy & Water Resources announced in a May 30 Telegram post. Under the agreement, which...Continue Reading

Ukraine Launches Russian-Free Gas Route via Trans-Balkan Corridor | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jun 04, 2025, 12:30 PM CDT In a contentiously pivotal move toward energy independence, Ukraine on Wednesday confirmed the launch of natural gas imports via the Trans-Balkan pipeline, bypassing...Continue Reading

Pipelines That Could Spark the Next Price Shock | OilPrice.com Tom Kool Tom majored in International Business at Amsterdam’s Higher School of Economics, he is Oilprice.com’s Head of Operations More Info Premium Content By Tom Kool – Jun 04, 2025, 12:00 PM CDT Several major international pipelines are facing geopolitical risks in 2025, threatening the...Continue Reading

Banks Expect WTI Oil Prices Below $60 for 2025 | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jun 04, 2025, 11:30 AM CDT WTI oil prices are set to average $58.30 per barrel this year, amid rising OPEC+ and U.S. production and relatively stable global...Continue Reading

PTAS Aker Solutions has secured a significant two-year contract extension to provide offshore maintenance and modification services to Brunei Shell Petroleum (BSP). PTAS Aker Solutions is a local joint venture between Aker Solutions and the Brunei company PTAS. SourceContinue Reading

Banks are staying confident in long-term energy fundamentals despite significant trade policy turbulence, according to the Spring 2025 Haynes Boone Energy Bank Price Deck Survey. The survey, now in its 12th edition, is a leading source of information for energy lenders and producers. SourceContinue Reading

IAEA Chief Warns of Potential Nuclear Accident in Ukraine | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – Jun 04, 2025, 11:00 AM CDT The IAEA Chief...Continue Reading

MOL Group and SOCAR have signed key terms for an exploration, development, and production sharing agreement for a new onshore area covering the Shamakhi-Gobustan regions of Azerbaijan. SourceContinue Reading