JP Morgan is sticking to its base-case oil price forecast for 2025, projecting Brent crude will trade in the low-to-mid $60s, despite a sharp escalation in geopolitical tensions involving Iran, the U.S., and potentially Israel. In a note published Thursday, the bank said it sees oil averaging $60 in 2026, but flagged $120–$130 per barrel...Continue Reading

Egypt Locks In Landmark LNG Import Deals With Aramco, Shell, and Trafigura | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jun 12, 2025, 10:30 AM CDT Egypt has finalized a sweeping series of liquefied natural gas (LNG) supply agreements with Saudi Aramco, Shell Plc, Trafigura,...Continue Reading

Oklo Stock Surges After Defense Department Contract Award | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Jun 12, 2025, 10:00 AM CDT Oklo was chosen for a Department of Defense project to provide clean energy to Eielson Air Force Base using their...Continue Reading

UK Pays Record Sums to Wind Power Generators to Switch Off | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jun 12, 2025, 9:30 AM CDT The UK’s grid operator has seen its balancing costs jump as more wind farms in Scotland are being paid not...Continue Reading

The United Nations’ nuclear watchdog on Thursday declared Iran in breach of its nuclear non-proliferation obligations, just as tensions in the Middle East escalate and Oman prepares to host the next round of indirect U.S.-Iran nuclear talks. The 35-nation Board of Governors of the International Atomic Energy Agency (IAEA) passed a resolution slamming Iran’s non-compliance...Continue Reading

Alberta Plots New Oil Sands Pipeline to B.C. in Bid to Bypass U.S. | 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 12, 2025, 8:20 AM CDT Alberta is working...Continue Reading

Russia Discusses Natural Gas Supply With China | 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 12, 2025, 7:12 AM CDT Senior Russian and Chinese officials have discussed LNG and...Continue Reading

Canada’s Trans Mountain Pipeline Could Boost Capacity by 2027 | 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 12, 2025, 5:39 AM CDT The expanded Trans Mountain pipeline in Canada...Continue Reading

Supermajor TotalEnergies Boosts AI Use in Its Energy Strategy | 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 12, 2025, 4:34 AM CDT TotalEnergies is forming a collaboration with French...Continue Reading

Energy Secretary Chris Wright does not expect U.S. crude oil production to decline in 2026, although the Energy Information Administration forecast such a development. “That is a projection — we don’t know what’s going to happen next year,” Wright told Bloomberg in an interview. “We have seen weak prices for a few months, and if...Continue Reading