Markets

Reports surfaced indicating that Saudi Arabia might be preparing for a shift in its oil production strategy, potentially leading to another oil price war.

US independent refiner Phillips 66 announced the completion of a project in the first quarter of 2025 that increases the crude switching capacity at its 265K b/d Sweeny refinery located in Old Ocean, Texas.

The oil market experienced a volatile week, primarily influenced by a risk-off mood in broader financial markets.

The oil market has experienced significant volatility recently, creating challenges for traders and prompting a shift towards other safer assets like gold.

Russia's Economy Ministry has revised its oil price forecasts for 2025-2027 downwards, reflecting current global oil market trends.

Chevron and TotalEnergies have commenced oil and natural gas production from the Ballymore project, a deepwater development in the US Gulf of Mexico.

Guyana's oil production experienced a slight decrease in Mar. 2025, falling to 627K b/d from 648K b/d in Feb., according to a Reuters report.

The week of Apr. 14 witnessed a dynamic interplay of factors influencing crude oil futures.

The global oil market is not operating under typical supply and demand dynamics as tariffs and geopolitical tensions take center stage.

The US oil production landscape is currently characterized by a delicate balance between potential growth and significant headwinds stemming from trade disputes and economic policy.