Brent Flirts With $80 as Recession Fears Ease | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Premium Content By Michael Kern – Aug 09, 2024, 8:00 AM CDT Oil prices are slowly but surely recovering after four consecutive weeks of declines, with Brent nearing $80 as...Continue Reading

EV Tariffs Row Escalates as China Challenges EU Duties at WTO | 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 – Aug 09, 2024, 8:00 AM CDT China has filed a formal...Continue Reading

Energy Investors Are Eyeing Utility Stocks | OilPrice.com Premium Content By Editorial Dept – Aug 09, 2024, 7:30 AM CDT Saudi Government’s Milking of Saudi Aramco Leads to Underperformance – Saudi Aramco has posted a 3.4% year-over-year decline in its Q2 net income, dropping lower to 29.07 billion due to lower oil sales volumes and...Continue Reading

Oil Prices Bounce Back From Eight-Month Lows | OilPrice.com Premium Content By Editorial Dept – Aug 09, 2024, 7:30 AM CDT This week, crude oil prices rebounded sharply from their recent lows, driven by a potent mix of geopolitical risks, tightening supply, and improving economic indicators. Both Brent and WTI benchmarks recorded gains for three...Continue Reading

Protests and Political Unrest Disrupt Libya’s Largest Oilfield | OilPrice.com Premium Content By Editorial Dept – Aug 09, 2024, 7:30 AM CDT Politics, Geopolitics & Conflict On Friday, Ukraine was entering its third day of a brazen ground-troop incursion across the border into Russia’s Kursk region. Heavy fighting is forcing civilian evacuations and the need...Continue Reading

By Editorial Dept – Aug 09, 2024, 7:30 AM CDT Wall Street is more nervous this week than it was last week, with U.S. benchmark oil prices gaining 3.5% at one point on Wednesday, as Israel (and everyone else in the region and beyond) waits for a response from Iran in retaliation for the assassination...Continue Reading

OPEC+ Boosts Oil Production Despite Vows to Cut | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Premium Content By Charles Kennedy – Aug 09, 2024, 6:31 AM CDT OPEC+ oil production rose in July, exceeding their target. Russia, Iraq, and Kazakhstan pledged to compensate for previous overproduction but fell short in...Continue Reading

Underwhelming Oil Demand Could Force OPEC+ to Delay Easing of Cuts | 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 – Aug 09, 2024, 5:43 AM CDT It is not certain that...Continue Reading

LNG Infrastructure Firm Plans to Build New UK Import Terminal | 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 – Aug 09, 2024, 4:44 AM CDT Crown LNG Holdings, which provides LNG...Continue Reading

Mexico’s New Government to Encourage Oil Partnerships | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Aug 09, 2024, 3:30 AM CDT The incoming Mexican government will encourage Pemex to partner with private oil companies to develop domestic resources, Reuters has reported, citing unnamed sources. The...Continue Reading