Energy

OPEC+ Set to Approve May Output Hike Amid Compensation Talks

OPEC+ ministers will convene virtually on Thursday and are expected to greenlight a 135,000 barrel-per-day (bpd) production increase for May, continuing their phased plan to unwind pandemic-era supply cuts, according to sources within the group. The move marks the second consecutive monthly output hike under a strategy to gradually restore 5.85 million bpd of halted […]

Russia Shutters Key Kazakh Oil Export Terminal Amid OPEC+ Dispute, Threatening Global Supply

Russia has ordered the closure of two moorings at the Caspian Pipeline Consortium (CPC) terminal, a critical hub for Kazakhstan’s oil exports operated by U.S. giants Chevron and ExxonMobil, escalating tensions over Kazakhstan’s repeated breaches of OPEC+ production quotas. The move could slash CPC’s export capacity by over 50% if prolonged, risking disruptions to 1% […]

Permian Basin Nears Peak Oil Output as Water, Gas Challenges Mount; Industry Eyes 2030 Decline

The Permian Basin, the cornerstone of the U.S. shale boom, is approaching peak oil production as aging wells yield rising volumes of water and gas alongside declining crude output. Despite record production of 6.5 million barrels per day (bpd), geological constraints and escalating costs threaten long-term growth, with industry leaders predicting a plateau by 2027–2030. […]

U.S. Oil & Gas Activity Edges Up in Q1, But Executives Fear Tariffs Will Squeeze Profits, Dallas Fed Reports

U.S. oil and gas activity saw a modest rise in Q1 2025, but sector executives voiced deepening pessimism over Trump administration tariffs and conflicting energy policies, according to a Dallas Federal Reserve survey released Wednesday. While 130 energy firms reported increased production, concerns over rising costs and policy instability overshadowed gains, with the company outlook […]

U.S. Crude Inventories Plunge 3.3M Barrels as Refining Activity Hits 3-Month High, Fuel Demand Wavers

U.S. crude stockpiles fell sharply last week, dropping 3.3 million barrels amid surging refinery activity, while weaker-than-expected fuel demand tempered bullish momentum in oil markets, according to the Energy Information Administration (EIA). Key Data Points (Week Ending March 21): Crude Inventories: Fell to 433.6M barrels, far exceeding the 956,000-barrel draw analysts forecast. Refinery Activity: Utilization […]

Trading Giants Warn: Russian Energy’s Return to Global Markets Faces Long Road Post-Sanctions

The CEOs of the world’s largest commodity traders—Vitol, Mercuria, Trafigura, and Gunvor—warned that lifting sanctions on Russian energy would be a slow, uneven process, with only limited short-term restoration of oil and gas flows beyond Asia. Speaking at the FT Commodities Global Summit, executives signaled caution toward resuming Russian trade despite shifting U.S. policies under […]

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