Oil Prices News Monitoring

Brent Crude Update – Oil Prices Rally as EIA Reduces Oil Surplus Estimates

Brent crude prices are rising due to lower-than-expected U.S. oil and fuel supplies and revised EIA forecasts for smaller oil surpluses in 2025 and 2026. Libya has restarted oil production at the Mabruk field, aiming to increase output significantly, while …

Oil Prices Rise 2%.. Brent Crude Reaches $70.89

Wed 12 Mar 2025 | 11:40 PM Oil prices rose 2% on Wednesday, as U.S. government data showed a larger-than-expected drawdown in crude and fuel inventories, although investors continued to monitor growing concerns about a slowing U.S. economy and the impact …

Oil prices rise 2% on lower-than-expected U.S. stockpiles

Oil prices rose 2% on Wednesday as U.S. government data showed lower-than-expected crude stockpiles and larger-than-expected declines in fuel inventories. Brent crude rose $1.33, or 1.9%, to $70.89 a barrel, while U.S. West Texas Intermediate (WTI) crude …

Kuwait oil price drops to USD 73.31 pb -- KPC

KUWAIT: Kuwait oil price dropped by 88 cents to reach USD 73.31 per barrel on Tuesday vis a vis USD 74.19 pb on Monday, Kuwait Petroleum Corporation said on Wednesday. In international markets, forwards of the Brent crude oil rose by 28 cents to reach USD …

Oil prices falling quicker than expected — Trump

WASHINGTON, March 12. /TASS/. Oil prices are declining quicker than expected, US President Donald Trump said. "I am very happy with that. Oil is down to $65 a barrel and it is faster than I would [expect]," the US leader said. "When …

Oil Prices Rise On Hopes For Ukraine Peace Deal

(MENAFN- Yolo Wire) %Oil prices are trending higher as hopes rise for a peace deal that will end the three-year-old war between Ukraine and Russia. The government of Ukraine has agreed to an immediate 30-day ceasefire plan put forward by the U.S., if …

Oil prices to remain around $70-75 per barrel, says Emkay

Oil prices edged higher on Wednesday, supported by a weaker dollar, though concerns over a potential U.S. economic slowdown and the impact of global trade tariffs limited gains. Emkay noted that Brent crude futures rose by 13 cents, or 0.2 percent, to USD …

Crude Oil Prices Climb Amid US Dollar Decline and Supply Concerns

A weaker US dollar provided some support to the commodities complex yesterday. However, markets remain sensitive to external developments Energy – EIA Reduces Oil Surplus Estimates Despite the ongoing uncertainty in global markets, oil prices managed to …

Oil Prices Rise As US Revises Global Oversupply Forecast Downward

Russia's National Wealth Fund could be depleted within 1 year if oil prices fall to $45-$47 per barrel – Ukrainian ...

Ukraine's First Deputy Foreign Minister, Serhiy Kyslytsya, predicts that Russia's National Wealth Fund (NWF) could be depleted by the end of the year if oil prices drop to $45-$47 per barrel. In Russia, it is believed that the so-called National …

Oil Prices Rebound on Resilient Demand Signals

Crude oil prices inched higher after starting the week with sharp losses, amid reports of rebounding Asian imports and a weaker dollar that should stimulate stronger demand. At the time of writing Brent crude was trading at $70.05 per barrel, with West …

EIA updates forecast for 2025 US natural gas prices, expects oil prices to decrease later in the year

Save to read list Published by Alfred Hamer, Editorial Assistant Oilfield Technology, Wednesday, 12 March 2025 09:00 The US Energy Information Administration (EIA) revised its forecast for 2025 average US benchmark Henry Hub natural gas spot prices upward …

US raises oil price forecast for next year

The U.S. Department of Energy has reduced its forecast for the average price of Brent benchmark oil in 2025 from $74.5 to $74.22, APA-Economics reports citing the U.S. Department of Energy's Energy Information Administration (EIA). The price of WTI …

Markets: Oil prices trade up; tariff concerns monitored

Oil prices edged higher on Wednesday, trading above multi-year lows touched earlier in the week, though concerns over an economic slowdown and the impact of tariffs on global growth tempered further gains.   By 3 pm AEDT (4 am GMT), Brent crude futures …

ICE cotton remains flat amid weaker dollar, higher crude oil prices

ICE cotton futures remained mostly flat as the market responded to mixed signals. Prices found support from a weaker US dollar and rising crude oil prices. The USDA’s March supply and demand report projected higher global cotton production, consumption, …

Oil prices surge in International market

  Oil prices saw a slight increase on Wednesday morning in the international market, supported by a weaker dollar. However, concerns over a potential US economic slowdown and the impact of tariffs on global growth tempered the gains. Brent crude futures …

Price At The Pump: Uncertainty Pushing Oil Prices Lower

Oil prices continue their downward trend.  West Texas Crude was down to $65 per barrel in Monday’s trade, while Brent Crude was trading around $66 per barrel, a nearly 2% decrease for both.  Patrick DeHaan with Gasbuddy.com says not only have oil prices …

Oil Prices Rebound on Weaker U.S. Dollar

Oil prices rebounded and gained 1.6% early on Tuesday amid weakening U.S. dollar, following the broad market selloff on Monday triggered by fears of a recession in the United States. As of 9:56 a.m. ET, the front-month futures of the U.S. benchmark WTI …

Oil prices show moderate increase in international markets

At Italy’s Augusta port, the price of Azerbaijan’s "Azeri Light" crude oil, based on the CIF (Cost, Insurance, and Freight) pricing model, rose by $0.11 or 0.15%, reaching $72.92 per barrel compared to previous figures, Azernews reports. Find the …

Inertia Resources, Inc. Expands Energy Management Services in Houston, Appoints Rick Douglas as Regional Director

HOUSTON, TX, UNITED STATES, March 12, 2025 /⁨EINPresswire.com⁩/ -- Inertia Resources, Inc., one of the fastest-growing energy brokerage firms in the United States, is expanding its presence in Houston and Southern Texas communities, bringing …

Babeș-Bolyai University of Cluj-Napoca Has Developed the Romanian National Strategy for Quantum Technologies

CLUJ-NAPOCA, ROMANIA, March 12, 2025 /⁨EINPresswire.com⁩/ -- Based on its expertise in developing strategic plans in various fields, the Babeș-Bolyai University of Cluj-Napoca (UBB), as coordinator, together with the National Institute for Research …

Next-Gen Nuclear: Small Modular Reactors Gain Momentum in Global Energy Transition

The SMR market is set for rapid growth, offering scalable, safe, and modular nuclear energy solutions to meet global power demands. WILMINGTON, DE, UNITED STATES, March 13, 2025 /⁨EINPresswire.com⁩/ -- According to a new report published by Allied …

Sókn Engineering Looking to Expand its Board of Directors to Drive the Future of AI-Powered Commodities Trading

WHITEFISH, MT, UNITED STATES, March 12, 2025 /⁨EINPresswire.com⁩/ -- Sókn Engineering, a trailblazing software company transforming commodities trading through advanced predictive analytics, is seeking to strengthen its Board of Directors with the …

This Week in Construction: Top Innovations & Industry Trends – March 12, 2025

Peer-to-peer digital content sharing for construction and building professionals SUNDRE, ALBERTA, CANADA, March 12, 2025 /⁨EINPresswire.com⁩/ -- Since its establishment in 2003, Construction Links Network has emerged as a premier news and …

Haffner Energy announces its first contract for a biomass-based hydrogen and electricity production plant in Switzerland

H2 bois SA has signed an essential contract for the development of a biomass-based hydrogen, electricity and biochar production plant in Switzerland VITRY-LE-FRANçOIS, FRANCE, March 12, 2025 /⁨EINPresswire.com⁩/ -- - First positive impact to date …

Clean Air Act 101: How Georgia’s Clean Air Force Is Making a Difference

ATLANTA, GA, UNITED STATES, March 12, 2025 /⁨EINPresswire.com⁩/ -- Younger residents of the metropolitan Atlanta area may be surprised to learn that their city, cherished for its blue skies and green spaces like the Beltline and the Chattahoochee …

Greylag goose optimization: a game-changer for renewable energy systems

GA, UNITED STATES, March 12, 2025 /⁨EINPresswire.com⁩/ -- A recent study has unveiled a novel strategy to boost the efficiency of solar photovoltaic (PV) systems in agriculture, offering a solution to longstanding challenges. By integrating the …

Computer Recycling Reaffirms Commitment to Responsible E-Waste Recycling

Computer Recycling is proud to reaffirm its commitment to protecting the environment and ensuring the proper disposal of outdated electronics. NEW YORK, NY, UNITED STATES, March 12, 2025 /⁨EINPresswire.com⁩/ -- Computer Recycling, a leading …

EACR, Inc. Continues Providing Sustainable E-Waste Recycling in Virginia Beach

EACR, Inc. is proud to announce its continued commitment to providing outstanding e-waste recycling services to the residents and businesses of Virginia Beach VIRGINIA BEACH, VA, UNITED STATES, March 12, 2025 /⁨EINPresswire.com⁩/ -- EACR, Inc., a …

FlackTek™ and ATP Partner to Expand Cutting-Edge Materials Processing Solutions in the Netherlands

FlackTek partners with ATP to expand materials processing solutions in the Netherlands, enhancing local support, innovation, and accessibility. LANDRUM, SC, UNITED STATES, March 12, 2025 /⁨EINPresswire.com⁩/ -- FlackTek™, a leader in bladeless …

Alternus Clean Energy (ALCE) Transitions to OTCQB – Focused on Expansion into High-Growth Markets for 2025

ALCE Targets Relisting on Nasdaq or NYSE Later This Year NEW YORK, NY, UNITED STATES, March 12, 2025 /⁨EINPresswire.com⁩/ -- (OTCQB: ALCE, ACLEW) (the “Company” or “ALCE”), today announced that its common stock, has commenced trading on the OTCQB …

EG4 Electronics Joins Solar Insure’s Approved Vendor List (AVL), Strengthening Commitment to Quality and Reliability

EG4 Electronics joins Solar Insure's Approved Vendor List, reaffirming its commitment to high-performance, affordable, and reliable energy storage solutions. SULPHUR SPRINGS, TX, UNITED STATES, March 12, 2025 /⁨EINPresswire.com⁩/ -- EG4 …

Advanced Metering Infrastructure (AMI) Market is Growing CAGR of 8.50% by 2032 | Cisco Systems, GE, Schneider Electric

As the energy demand continues to rise, utilities are under pressure to improve their energy distribution networks and provide reliable and efficient energy NEW YORK, NY, UNITED STATES, March 12, 2025 /⁨EINPresswire.com⁩/ -- The Advanced Metering …

Award to AppGuard for Applying Zero Trust WITHIN Endpoint Protection

AppGuard reduces malware attack surface by applying zero trust principles within endpoints to stop attacks AV/EDR/XDR miss entirely or detect too late LONDON, UNITED KINGDOM, March 12, 2025 /⁨EINPresswire.com⁩/ -- A recent award from …

Telespazio and ABS Expand Partnership to Deliver Tailored C-Band Connectivity Solutions for the Brazilian Market

WASHINGTON DC, DC, UNITED STATES, March 12, 2025 /⁨EINPresswire.com⁩/ -- Telespazio and ABS (Agility Beyond Space) are expanding their partnership to introduce new managed C-band service solutions for the Brazilian corporate market. This latest …

National experts discuss the Jones Act at Hughes Center for Public Policy panel event

Panelists discussed the impact of the Jones Act on domestic access to energy, steel, and disaster relief, national security, and shipbuilding GALLOWAY, NJ, UNITED STATES, March 12, 2025 /⁨EINPresswire.com⁩/ -- A panel of distinguished experts and …

Fersa expands global footprint with new high-tech manufacturing facility in China

New site, spanning 30,000 square meters, represents a €37 million investment and, when at full capacity, it will double Fersa's production output in China JIAXING, CHINA, March 12, 2025 /⁨EINPresswire.com⁩/ -- Fersa, a global leader in high- …

Oilfield Services Market Trends: Driving Demand in Enhanced Oil Recovery (EOR)

Oilfield Services Market projected to grow at a CAGR of 3.6% from 2023 to 2032. WILMINGTON, DE, UNITED STATES, March 12, 2025 /⁨EINPresswire.com⁩/ -- According to a new report published by Allied Market Research, the oilfield services market …

Overhead Power Cables Market Poised for Growth- Projected to Expand at a 6.63% CAGR Through 2032 | Nexans SA, Ducab HV

The Overhead Power Cables Market is driven by grid expansion, renewable energy integration and growing electricity demand worldwide. NEW YORK, NY, UNITED STATES, March 12, 2025 /⁨EINPresswire.com⁩/ -- According to a comprehensive research report …