The European Commission is set to unveil later on Tuesday its new sanctions package against Russia, which will include a proposal to lower the oil price cap for Russia’s crude to $45 per barrel and to ban the use of Nord Stream infrastructure, sources with knowledge of the plan told the Financial Times. The new...Continue Reading

Permian Oil Producers Face Higher Costs With New Saltwater Rules As if WTI oil prices in the low $60s per barrel aren’t enough to slow production growth at America’s top producing shale basin, the Permian, new guidelines for permitting saltwater disposal | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade...Continue Reading

Saudi $5 Billion Loan to Nigeria Hangs in the Balance After Crude Prices Plunge | 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 Related News By Tsvetana Paraskova – Jun 10, 2025, 6:58 AM CDT Falling oil...Continue Reading

India Solar Power Generation Surges as Coal Makes a Rare Retreat | 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 Related News By Tsvetana Paraskova – Jun 10, 2025, 5:44 AM CDT India saw record-high power generation...Continue Reading

Bidders Line Up to Buy Macquarie’s $3.6-Billion Industrial Gas Firm | 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 Related News By Tsvetana Paraskova – Jun 10, 2025, 4:40 AM CDT Investment firms Brookfield Asset Management and...Continue Reading

Asia Energy Imports From the U.S. Slide | 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 – Jun 10, 2025, 3:35 AM CDT Energy commodity imports from the United States to Asia declined over...Continue Reading

UK to Pour $19 Billion Into Nuclear Power Plant | 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 – Jun 10, 2025, 2:14 AM CDT The UK government said it would invest 14.2 billion...Continue Reading

Crude oil prices could decline below $50 a barrel this year, according to analysts from outlets including S&P Global. This will give American drivers much needed relief at the pump after years of gas price inflation. One reason for the hypothetical decline is what is widely seen as weakening demand growth. The IEA recently estimated...Continue Reading

Trump Administration Closes in on Hard-Hitting Sanctions on Russia | 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 – Jun 09, 2025, 7:00 PM CDT Trump prepares sweeping...Continue Reading

The Shale Macro and Evolving Production Dynamics | OilPrice.com David Messler Mr. Messler is an oilfield veteran, recently retired from a major service company. During his thirty-eight year career he worked on six-continents in field and… More Info Premium Content By David Messler – Jun 09, 2025, 6:00 PM CDT Despite a decline in oil...Continue Reading