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Middle East Crude-Benchmarks increase; post monthly gains on supply tensions

01/07/2025

Middle East crude benchmarks Oman, Dubai and Murban moved upwards on Monday and posted gains on monthly basis as the

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

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