U.S. natural gas futures experience a significant downturn, settling 5.7% lower. This marks the lowest closing price for natural gas since early February. The decline is primarily attributed to forecasts…
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U.S. crude oil futures have settled at $61.53 per barrel, marking a slight increase of 3 cents or 0.05%. This marginal upward movement in the price of West Texas Intermediate…
Brent crude futures have settled at $64.88 per barrel, marking a slight increase of 12 cents or 0.19%. This marginal rise occurs amidst a backdrop of ongoing market uncertainty, influenced…
Venezuela’s state oil company, Petróleos de Venezuela, S.A. (PDVSA), has reportedly suspended authorizations for oil loading to the U.S. oil major Chevron. 1 Sources familiar with the matter indicate that…
The US Treasury Department’s Office of Foreign Assets Control (OFAC) is intensifying its efforts to disrupt Iran’s petroleum export network by targeting a UAE-based Indian national, Jugwinder Singh Brar, and…
The United States State Department has announced sanctions against Guangsha Zhoushan Energy Group Co., Ltd., a China-based crude oil terminal. The US alleges that this terminal is connected to nearby…
Brent crude futures experience a significant decline, settling at $63.33 per barrel, a drop of $2.15 or 3.28%. This downturn reflects growing concerns about the global demand outlook for crude…
U.S. crude oil futures have experienced a significant downturn, settling at $60.07 per barrel, a decrease of $2.28 or 3.66%. This decline reflects growing concerns about the demand outlook for…
The American Petroleum Institute (API) reports that U.S. crude oil inventories decreased by 1.057 million barrels for the week ending April 4, 2025. This contrasts with the previous week’s increase…
Brent crude futures have settled at $62.82 per barrel, marking a decrease of $1.39 or 2.16%. This decline in oil prices occurs amidst escalating trade tensions between the US and…