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Brent Oil outlook: Near-term action in sideways mode, technical picture remains bearish
Brent price holds within a narrow consolidation for the second straight day, following Tuesday’s mas...
Europe's Gas Storage Hits Lowest Level Since 2011 as Winter Looms
Europe faces spiking natural gas prices this winter amid the lowest gas storage levels in more than ...
Waiting on US payrolls on Friday as earnings flood in
EU mid-market update: Waiting on US payrolls on Fri as earnings flood in; AI agent security concerns...
Norway’s Oil Industry Is Learning How To Produce More With Less
Norway’s oil industry is entering a new phase where infrastructure utilization, subsea tie-backs, and recovery rates could matter more than giant new discoveries. Equinor and Aker BP on Thursday relea ...
Oil Prices Rise As Iran Draws Red Line on Uranium
Oil prices rose on Thursday as fresh signs of trouble in Iran peace talks as the parties hit a wall over enriched uranium. WTI crude climbed 2.2% to $100.40 while Brent gained 1.8% to $106.90 as repor ...
China Boosts Oil Stockpiles Despite Import Plunge
China appears to continue sending crude into strategic and commercial reserves despite the plunge in its imports and the world’s biggest-ever supply shock. China likely sent 430,000 barrels per day (b ...
Saudi Oil Export Income Jumped to 3.5-Year High in March as Prices Soared
Despite the lowest production and export volumes on record, Saudi Arabia saw the value of its oil exports surge by 37.4% in March to the highest level in three and a half years, data from Saudi Arabia ...
China Raises Fuel Price Caps Again as Iran War Keeps Oil Markets on Edge
in the latest hike of the maximum retail prices for domestic fuel since the Iran war led to surging oil prices. China will now increase the maximum retail price of gasoline by $11.03 (75 Chinese yuan) ...
Japan’s Crude Imports from Middle East Slump to Lowest on Record
Japan in April imported the lowest volume of crude oil from the Middle East on record dating back to 1979 as the Iran war and the de facto closure of the Strait of Hormuz choked supply from the region ...
China's Solar Exports Soar as World Grapples with Energy Crisis
Despite the end of China's export tax refunds on April 1, exports of Chinese solar cells and panels continued to surge in April as demand for solar installations in Africa, Southeast Asia, and Europe ...
U.S. Energy Storage Installations Post Record First Quarter
Despite unfavorable federal policies, the U.S. energy storage additions jumped by 31% from a year earlier to 9.7 gigawatt-hours (GWh) in the first quarter of 2026, the strongest first quarter in histo ...
StanChart Says Record SPR Withdrawals Are Tightening U.S. Oil Buffers
Back in March, the 32 member countries of the International Energy Agency (IEA) unanimously pledged a record-breaking release of 400 million barrels of crude oil from their Strategic Petroleum Reserve ...
Appalachian Region Could Hold Key to U.S. Battery Supply Chain Independence
The United States Geological Survey has made a potentially game-changing discovery in the Appalachian region. New research suggests that the ancient mountain range may be home to over 300 years' worth ...
Norway’s Offshore Oil Production Beats Forecasts in April
Norwegian offshore oil production significantly exceeded expectations in April, with total liquids output climbing to 2.158 million barrels per day — 6.7% above official forecasts — as Europe grows in ...
Nigeria Targets 100,000-BPD Oil Output Increase As Global Supply Disrupted
Nigeria is actively increasing its crude oil production in response to major global supply disruptions caused by the ongoing war in Iran, with authorities now aiming to raise output by 100,000 barrels ...