Major international oil and gas companies have scaled back or quit operations in Colombia’s offshore exploration and production areas, as the country’s leftist president has imposed stricter rules and exploration drilling failed to live up to expectations.   Since leftist President Gustavo Petro took office in 2022, the barriers to oil industry investors have increased with...Continue Reading

OPEC+ Output Hike and Trade Frictions Send Oil Prices Tumbling | OilPrice.com Premium Content By Editorial Dept – Aug 08, 2025, 8:30 AM CDT Light crude oil futures posted steep losses this week, with prices sliding over 5% to settle near $63.85. The sharp selloff was fueled by a wave of bearish fundamental developments—including an...Continue Reading

Netanyahu Faces Internal Revolt Over Gaza Occupation Plans | OilPrice.com Premium Content By Editorial Dept – Aug 08, 2025, 8:30 AM CDT Politics, Geopolitics & Conflict Netanyahu’s push for full military control of Gaza is meeting sharp resistance from within Israel’s own security establishment. IDF Chief of Staff Lt.?Gen. Eyal Zamir has openly warned that...Continue Reading

Trade Wars Are Reshaping Red Sea Power Dynamics | OilPrice.com Premium Content By Editorial Dept – Aug 08, 2025, 8:30 AM CDT Gulf involvement in the Horn of Africa and the Red Sea corridor has entered a significant new phase, and one that is set to be more permanent and less accountable. This week’s activity,...Continue Reading

Mexico Approves Fracking to Reverse Sagging Oil and Gas Production | 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 08, 2025, 8:00 AM CDT In a major U-turn in energy...Continue Reading

Price Wars Plague Chinese Car Manufacturers | 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 08, 2025, 7:00 AM CDT Continued weaker demand for hybrid vehicles slowed the growth in...Continue Reading

Australia’s Fortescue Bets Big on China for Green Future | 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 08, 2025, 6:00 AM CDT Fortescue has secured a Chinese yuan-denominated loan...Continue Reading

Russian Urals Crude Offered to China at a Discount | 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 08, 2025, 4:38 AM CDT Russia’s Urals crude grade, which usually goes...Continue Reading

Petrobras Swings Into Profit in Q2 | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Aug 08, 2025, 3:08 AM CDT Brazil’s Petrobras reported a profit for the second quarter of the year, booking a net positive result of some $1.6 billion after posting a loss...Continue Reading

Indian Oil Importers Contract Non-Russian Cargos | 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 – Aug 08, 2025, 1:57 AM CDT India’s two largest refiners have secured some 22 million barrels in non-Russian...Continue Reading