In Norway, Equinor Energy AS has awarded Technip FMC a contract for the Johan Sverdrup Phase 3 development in the Norwegian North Sea.
March 30, 2025
A Reuters survey of Asian refining and trading sources indicated on Mar. 28 that Saudi Arabia, the world's leading crude oil exporter, is likely to reduce the price of its oil for Asian delivery in May.
March 30, 2025
The American Petroleum Institute (API) and other industry stakeholders are raising significant concerns about the US Trade Representative's (USTR) proposal to impose substantial port fees on Chinese-built vessels.
March 30, 2025
Heavy Crude Market Shifts due to Shrinking Canadian Discounts and Venezuelan Supply Disruptions according to RBN Energy.
March 24, 2025
The week ending Mar. 21 marked by fluctuating prices influenced by geopolitical tensions, economic indicators, and OPEC+ supply decisions.
March 23, 2025
Barclays has significantly reduced its Brent Crude price forecast for 2025 to $74/b, a $9 decrease from its previous prediction, citing a 510K b/d drop in expected demand growth due to economic uncertainties.
March 22, 2025
US oil executives, while welcoming President Trump's pro-energy stance and deregulation efforts, harbor concerns about his push for lower oil prices.
March 22, 2025
The Trump administration is prioritizing Alaskan energy development and reversing prior Biden administration restrictions.
March 22, 2025
Privately-managed Chinese ports are facilitating Russian oil imports despite US sanctions, employing sanctioned tankers and ship-to-ship transfers.
March 22, 2025
OPEC+ producers, Saudi Arabia, Iraq, and Qatar, lower Asian crude prices amid supply increase and market competition.
March 17, 2025
