Oil Soars 4% As Ukrainian Drones Override OPEC+ Hikes | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jun 02, 2025, 12:30 PM CDT Crude oil prices were trading up nearly 4% on Monday afternoon, with analysts attributing the spike to escalating geopolitical tensions, and the...Continue Reading

President Trump announced Friday that steel and aluminum tariffs will double from 25% to 50%, calling the move a cornerstone of his “America First” agenda to revive U.S. manufacturing. The tariffs, set to take effect Wednesday, sparked a sharp rally in U.S. metal stocks in premarket trading as investors bet on stronger domestic production and...Continue Reading

U.S. Sanctions Threaten Europe’s Russian Gas Lifeline | OilPrice.com Cyril Widdershoven Dr. Cyril Widdershoven is a long-time observer of the global energy market. Presently he works as Director of Energy Security and Supply Chains, at Strategy… More Info Premium Content By Cyril Widdershoven – Jun 02, 2025, 11:00 AM CDT Despite public rhetoric, Europe’s reliance...Continue Reading

Air Strikes Continue as Ukraine and Russia Meet in Istanbul | 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 02, 2025, 10:00 AM CDT Delegations from...Continue Reading

Carney Vows to Fast-Track Canadian Energy Projects | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jun 02, 2025, 9:29 AM CDT During a meeting with oil and gas executives in Canada’s oil-producing province of Alberta, Canadian Prime Minister Mark Carney pledged that the federal government...Continue Reading

UAE’s Oil Giant ADNOC to Cut Murban Crude Exports | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Premium Content By Charles Kennedy – Jun 02, 2025, 9:00 AM CDT ADNOC will cut Murban crude exports by up to 177,000 bpd through May 2026, reallocating supply to the Ruwais refinery. Spot premiums...Continue Reading

Trump Administration to Roll Back Biden’s Curbs on Alaska Oil Drilling | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jun 02, 2025, 8:30 AM CDT The Trump Administration is working to roll back the severe restrictions on oil and gas drilling in Alaska imposed by...Continue Reading

Turkey Partners With Socar and BP in Azeri Caspian Sea Gas Field | 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 02, 2025, 7:30 AM CDT Turkey’s state energy firm...Continue Reading

Russia’s Pipeline Gas Supply to Europe Rose in May | 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 02, 2025, 6:33 AM CDT Russia’s natural gas deliveries via pipeline to...Continue Reading

Oil prices climbed on Monday morning despite expectations that OPEC+ will continue to boost production in the coming months. Morgan Stanley commodity analysts expect OPEC+ to make three new monthly boosts to its output, returning all 2.2 million bpd it agreed to remove from the market in 2022, by October. This will keep oil prices...Continue Reading