OPEC is dropping the U.S. Energy Information Administration (EIA) as a secondary source to assess crude oil production of the OPEC+ countries and their compliance with the group’s output cuts, the cartel said after a panel meeting on Monday. After thorough analysis from the OPEC Secretariat, the Joint Ministerial Monitoring Committee (JMMC) replaced consultancy Rystad...Continue Reading

Lukoil Refinery and Gazprom Plant Hit by Massive Ukrainian Drone Attack | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Feb 03, 2025, 9:30 AM CST The biggest refinery in southern Russia and a major gas processing plant controlled by Gazprom were hit by a massive...Continue Reading

Tariffs on Oil Are a Major Problem for U.S. Refiners | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Premium Content By Charles Kennedy – Feb 03, 2025, 8:22 AM CST US tariffs on Canadian and Mexican imports will add to the financial burden of US refiners struggling with declining profit margins....Continue Reading

OPEC+ Won’t Change Oil Production Plans | 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 – Feb 03, 2025, 8:17 AM CST Despite pressure from President Trump and a recent rise in...Continue Reading

South African Minister Says Coal Is Critical Mineral for the Country | 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 – Feb 03, 2025, 7:30 AM CST South Africa should look at...Continue Reading

South Korea Found to Have 14 Additional Offshore Oil and Gas Prospects | 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 – Feb 03, 2025, 6:30 AM CST The U.S. geoscience exploration...Continue Reading

Goldman Sachs: U.S. Tariffs Will Have Short-Lived Limited Impact on Oil Prices | 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 – Feb 03, 2025, 5:13 AM CST International oil and gas...Continue Reading

Vitol Expects Oil Demand to Remain Robust Until 2040 | 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 – Feb 03, 2025, 3:30 AM CST Crude oil demand will remain at current levels over...Continue Reading

Oil Prices Start the Week Higher Following Trump’s Tariffs | 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 – Feb 03, 2025, 2:20 AM CST Crude oil prices began trade this week with a...Continue Reading

Energy and Nuclear Stocks Recover After DeepSeek Selloff | 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 – Feb 03, 2025, 2:00 AM CST The U.S. stock markets were routed last Monday after China’s AI lab DeepSeek rattled Silicon Valley...Continue Reading