The American Petroleum Institute (API) weekly report reveals a surprise increase in U.S. crude oil inventories for the week ending April 11, 2025. The actual build stands at 2.4 million…
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Brent crude futures settled at $64.67 per barrel, experiencing a slight decrease of $0.21, or 0.32%. This marginal decline in the price of the global benchmark for crude oil reflects…
U.S. crude oil futures have settled at $61.33 per barrel, marking a decrease of 20 cents or 0.33%. This marginal decline reflects ongoing market dynamics influenced by factors such as…
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…
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…