Energy

Russia’s oil and gas revenue dropped 35% year over year in May to 512.7 billion roubles ($6.55 billion), as lower global oil prices and sanctions continued to pressure the Kremlin’s finances. Revenue also declined 53% from April, prompting the finance ministry to cut its June forecast and raise the projected 2025 budget deficit to 1.7% […]

Goldman Sachs sees modest upside risk to its WTI crude price forecast for 2025 and 2026, citing recent U.S.-China trade de-escalation as a key driver. The bank estimates a $3–$4 per barrel upside to its base WTI forecast of $56/bbl in 2025 and $52/bbl in 2026. While reduced recession risk supports prices, Goldman still expects

OPEC+ shocked markets by announcing a 411,000-bpd output increase starting in May, tripling the pace of planned hikes despite plummeting oil prices and fears of a global economic slowdown. The group claimed the decision was based on a “positive market outlook,” though the timing coincided with a deepening selloff triggered by U.S. tariffs and China’s

Earlier this week, representatives of the United States and Ukraine developed a ceasefire agreement proposal that would last for 30-days between Ukraine and Russia. The same agreement was proposed to Russia, however, the Russian government raised concerns about the agreement. Suggestions by Vladimir Putin take the ceasefire agreement’s proposal indicate the leader is skeptical that

OPEC+ is considering delaying its planned production increases amid concerns over market stability. The alliance is weighing a postponement of its 120,000 barrel-per-day supply hike set for April, marking the fourth such delay since 2022. Meanwhile, a Ukrainian drone attack on a Russian pumping station has disrupted Kazakhstan’s crude exports, further tightening supply. OPEC+ aims

Oil and gas traders are expected to seek waivers from Beijing for tariffs on U.S. crude and LNG imports starting February 10. China’s Finance Ministry announced levies of 15% on U.S. coal and LNG and 10% on crude oil, farm equipment, and some autos, following U.S. tariffs on China. Four tankers with 6 million barrels

The oil and gas industry has presented President-elect Donald Trump with a five-point policy agenda, urging him to expand LNG exports, increase drilling on federal lands, ease pipeline permitting, repeal strict vehicle emission standards, and maintain corporate tax rates. Trump plans to establish a National Energy Council, chaired by North Dakota Gov. Doug Burgum, to

Yesterday, Israeli Prime Minister Benjamin Netanyahu announced that he was prepared to implement a ceasefire agreement with Lebanon but would respond decisively to any violations by Hezbollah, emphasizing that Israel would maintain “complete military freedom of action.” In a televised address, Netanyahu stated that he would present the ceasefire deal to his full cabinet later