Tag: UNITED STATES

US judge delays turnover of Argentina’s 51% YPF stake to allow appeal

A U.S. judge temporarily halted the enforcement of an order requiring Argentina to hand over its 51% stake in oil and gas company YPF to satisfy a $16.1 billion court judgment partially

US to produce less oil in 2025 than previously expected amid declining prices

The U.S. will produce less oil in 2025 than previously expected as declining oil prices have prompted U.S. producers to slow activity this year, the Energy Information Administration forecast in a monthly report

OPEC+ speeds up oil output hikes, adds 548,000 bpd in August

OPEC+ agreed to raise production by 548,000 barrels per day in August, further accelerating output increases at its first meeting since oil prices jumped – and then retreated – following Israeli and U.S. attacks on Iran

Argentina vows to appeal US ruling on YPF

Argentina will appeal the ruling of a court in New York that ordered the South American country to transfer 51% of the shares of the national oil and gas company YPF, said President Javier Milei

US crude oil output hit record in April

U.S. crude oil production hit a record 13.47 million barrels-per-day in April, up from 13.45 million bpd in March, according to data released by the Energy Information Administration

EIA: U.S. crude oil inventories decline in latest week

U.S. crude oil inventories fell, while gasoline and distillate stocks rose during the week ending June 6, the Energy Information Administration (EIA) reported

US crude stockpiles post surprise build as imports jump, EIA says

U.S. crude oil stockpiles rose unexpectedly last week as imports jumped, while both gasoline and distillate inventories fell more than expected, the Energy Information Administration said

US issues new sanctions targeting Chinese importers of Iranian oil

The United States issued new sanctions targeting Iran’s oil exports, including against a China-based “teapot refinery”, as President Donald Trump’s administration seeks to ramp up pressure on Tehran

IEA: World oil demand, U.S. supply to grow more slowly on tariff tensions

The IEA said global oil demand will grow at its slowest rate for five years in 2025, and U.S. production rises will also taper off due to U.S. President Donald Trump’s tariffs on trading partners and their retaliatory moves

Goldman Sachs expects oil prices to decline through 2026

Given the weak growth outlook amid a global trade war, the bank expects that oil demand will rise by only 300,000 bpd between the end of last year and the end of 2025