Tag: UNITED STATES

EIA warns of lower oil demand from tariffs and trade uncertainty

The statistical division of the U.S. Department of Energy has adjusted its annual U.S. and global oil demand growth projections for both this year and the next

BofA forecasts Brent to fall to USD 50 in pessimistic tariff scenario

New U.S. tariffs and an unexpected production increase from OPEC+ could trigger what the Bank of America called a “negative commodity demand shock”

Trump revokes permits for oil companies exporting Venezuelan crude

U.S. President Donald Trump has notified the partners of Venezuela’s state oil company PDVSA—including Spain’s Repsol—that their permits to export crude oil and derivatives from Venezuela have been canceled

US crude stockpiles fall as refining continues to rise, EIA says

U.S. crude oil inventories fell last week as refiners continued to ramp up production, while gasoline and distillate stockpiles also dropped, the Energy Information Administration said

EIA: US crude oil inventories rise while gasoline falls

According to a survey, crude oil inventories increased by 1.75 million barrels last week to 437 million barrels, compared with analysts’ expectations of a 0.5 million barrel increase

Oil prices tick up on US attack on Houthis, China economic hopes

Oil prices rose slightly after the United States vowed to keep attacking Yemen’s Houthis until the Iran-aligned group ends its assaults on shipping, while Chinese economic data buoyed hopes for higher demand

Trump once again calls for OPEC to drop oil prices

U.S. President Donald Trump reiterated his call for OPEC to cut oil prices to hurt oil-rich Russia’s finances and help bring an end to the war in Ukraine

Aramco expects additional oil demand of 1.3 million bpd this year

Saudi oil giant Aramco’s Chief Executive Amin Nasser said he sees the oil market as healthy and expects an additional 1.3 million barrels per day of demand this year

Birol: The energy transition contributes to future energy security

The Executive Director of the International Energy Agency (IEA), Fatih Birol, highlighted that the energy transition is necessary not only to mitigate the effects of climate change but also to provide immediate economic benefits and contribute to future energy security

Trump promises to fill the U.S. Strategic Petroleum Reserve ‘to the top.’

During his inaugural address at the Capitol, Trump promised to “lower prices, refill our strategic reserves to the top, and export American energy worldwide”