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Oil discovery in the Johan Castberg area in the Barents Sea

01/07/2025

Equinor has struck oil in exploration well 7720/7-DD-1H, Drivis Tubåen, on the Johan Castberg field in the Barents Sea.

The well

Naphtha margin rises, backwardation steady

01/07/2025

Asia’s naphtha refining profit margin gained some ground on Monday after crude oil benchmarks weakened and hopes of a rise

Oil prices steady on easing Middle East risks

30/06/2025

Oil prices held steady on Monday as Middle East risks eased while a possible OPEC+ output increase in August and

Options markets see oil price contained for rest of 2025

30/06/2025

Oil prices have been steadier for the past couple of days back below $70 a barrel, and traders in options

Israel-Iran war highlights Mideast’s declining influence on oil prices

30/06/2025

The contained move in oil prices during the Israel-Iran war highlights the increasing efficiency of energy markets and fundamental changes

OPEC+ set to make another accelerated oil output hike for August, sources say

30/06/2025

The world’s largest group of oil producers, OPEC+, is set to announce another big increase of 411,000 barrels per day

Asian spot LNG prices fall as supply distuption risk fades

30/06/2025

Asian spot liquefied natural gas (LNG) prices fell this week from a four-month high as a ceasefire between Israel and

US oil/gas rig count falls for fourth month to Oct 2021 low, Baker Hughes says

30/06/2025

U.S. energy firms cut the number of oil and natural gas rigs operating for a fourth month in a row

Urals diffs stable, Russia’s daily oil loadings from its western ports set to fall in July

30/06/2025

Urals crude differentials to dated Brent held steady on Friday, while oil loadings from Russia’s Primorsk, Novorossiisk and Ust-Luga including

Grades mixed as WTI-Brent spread narrows, US rig count slumps

30/06/2025

Grades were mixed on Friday, dealers said, as the spread between U.S. crude futures and the global benchmark Brent narrowed

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