Markets

For the second period in a row, futures prices for ICE Brent, NYMEX WTI, and DME Oman crudes saw their longest streaks of week-on-week increases in over a year.

Oil prices are expected to reach $86 per barrel by year-end, driven by soaring demand and reduced supply.

Russia's energy cooperation with African countries is shifting due to Western sanctions resulting from the invasion of Ukraine.

OPEC+'s supply cuts are reshaping Middle Eastern oil market.

he recent August delivery trade cycle for medium sour crude Mars has seen its most robust average differential since June 2020.

The Guyana Suriname Basin is undergoing a significant transformation in its oil estimates, primarily driven by Exxon's substantial discoveries in the Stabroek Block, with more than 11B bbls of oil believed to be present.

Saudi Arabia's recent move to substantially increase crude oil prices in Europe, the Mediterranean, and even Asia has drawn attention, potentially impacting the demand for its barrels.

Futures prices for ICE Brent, NYMEX WTI, and DME Oman crudes saw their longest streaks of week-on-week increases in over a year during the period ending July 28 as traders continued to focus on tightening supplies.

Saudi Aramco expects strong oil demand in H2 to be driven by China and India, offsetting recession risks in developed markets.

Executives from 151 oil and gas firms predicted the average West Texas Intermediate (WTI) crude-oil price to be $77.48/bbl by the end of 2023.