Articles
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3 days ago |
rigzone.com | Andreas Exarheas
Crude oil prices rose on Monday, extending their rebound, supported by renewed optimism after the United States and China reported progress in trade negotiations over the weekend. That’s what Inki Cho, Financial Markets Strategist Consultant to Exness, said in a market analysis sent to Rigzone on Monday, adding that the constructive tone from both sides lifted market sentiment, as easing tensions between the world’s two largest oil consumers could support global demand expectations.
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3 days ago |
rigzone.com | Andreas Exarheas
Global oil demand in early May indicates a tepid year over year growth, analysts at J.P. Morgan, including Natasha Kaneva, Head of Global Commodities Strategy at the company, said in a research note sent to Rigzone by the JPM Commodities Research team on Thursday. “The final figures for global liquids demand in 1Q25 aligned with our forecast, increasing by 1.6 million barrels per day year over year,” the analysts said in the note.
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6 days ago |
rigzone.com | Andreas Exarheas
The U.S. Energy Information Administration (EIA) lowered its West Texas Intermediate (WTI) spot average price forecasts for 2025 and 2026 in its latest short term energy outlook (STEO), which was released on May 6. According to that STEO, the EIA now sees the WTI spot price averaging $61.81 per barrel this year and $55.24 per barrel next year.
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6 days ago |
rigzone.com | Andreas Exarheas
In its first quarter 2025 results statement, which was published recently, Chevron Corporation revealed that its net oil equivalent production averaged 3.353 million barrels of oil equivalent per day in the first quarter of this year. That figure was up slightly from the previous quarter and the corresponding quarter of last year, the report highlighted.
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6 days ago |
rigzone.com | Andreas Exarheas
U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), decreased by two million barrels from the week ending April 25 to the week ending May 2, the U.S. Energy Information Administration (EIA) highlighted in its latest weekly petroleum status report. That EIA report was released on May 7 and included data for the week ending May 2.
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https://t.co/WdCGiPKMDw Rigzone talks to several analysts. #OOTT #oilgas #energynews
How Much Oil and Gas Did ExxonMobil Produce in Q1? In its first quarter 2025 results statement, ExxonMobil revealed its oil and gas production figures for the first quarter of this year. https://t.co/Yp19qy7sZz #OOTT #oilgas #energynews
Why Is the Oil Price Rising? Rigzone talks to Tamas Varga, an analyst at PVM Oil Associates, and Rebecca Babin, a senior equity trader for CIBC Private Wealth in New York. https://t.co/gXA0cuEeKr