Oil Rally Fades on Oversupply Fears
Traders doubt the sanctions on Russia will meaningfully disrupt flows.
Traders doubt the sanctions on Russia will meaningfully disrupt flows.
'Despite inflation and regulatory headwinds, confidence among CEOs is rising', KPMG said.
Venezuela revoked energy deals with neighboring Trinidad and Tobago for its support of a U.S. military offensive in the Caribbean.
Rigzone talks to Art Hogan, Chief Market Strategist at B. Riley Wealth, and Phil Flynn, a senior market analyst at the PRICE Futures Group.
Progress in US and China trade talks helped limit losses as traders weighed the global supply outlook.
UK energy services provider Petrofac Ltd has applied to enter administration.
In its latest short term energy outlook, the EIA showed that world petroleum and other liquid fuels production outweighed consumption in the first, second, and third quarters of 2025.
Oil prices are expected to 'moderate' because of ample supply, according to the IEA.
'WTI prices falling into the $50s created an opportunity for the Trump administration to step up economic measures against Russia', J.P. Morgan analysts said.
The host of this year's OEUK awards ceremony has been revealed.