Kazakhstan extends petroleum export restrictions for six months to curb gasoline tourism into Russia as regional supply disruptions escalate. Kazakhstan has extended its ban on petroleum product exports for another six months, citing worsening gasoline shortages in Russia
Refining crack spreads hit $65, offsetting crude oil price declines and limiting relief for consumers at the pump. Refining crack spreads have surged to a record $65, widening the gap between crude oil costs and fuel prices. This margin allows refiners to turn a $71 barrel
Baker Hughes data shows a net increase of 44 rigs year-over-year, with oil and gas counts holding steady this week. The US oil and gas rig count climbed to 581 this week, marking a 44-rig increase from the same period last year. The gain was driven by a rise in miscellaneo
Weekly Baker Hughes data shows a slight increase in active rigs, while crude trades lower amid technical resistance levels. The U.S. rig count climbed by one to 580 this week, according to the latest Baker Hughes report. Oil rigs held steady at 445, while gas rigs increase
Oil prices retreat despite Middle East tensions after traders sell off geopolitical risk premium amid stalled ceasefire talks. West Texas Intermediate crude fell 1% to $70.98 on Friday, reversing a morning high of $72.83 as New York selling pressure pushed prices to a sess
Oil prices retreated from a morning high of $72.83 as selling pressure erased early gains linked to Middle East tensions. West Texas Intermediate crude fell 1% to $70.98 on Friday, reversing a European-morning surge that briefly pushed prices to $72.83. The decline followe
Delta’s jet fuel expenses jumped $2 billion year-over-year as geopolitical tensions drove crude prices higher in the second quarter. Delta Air Lines reported spending over $4 billion on fuel in the second quarter, a $2 billion increase from the same period last year. The s
Crude retreats from session highs as geopolitical premium fades, testing key technical support levels. Crude oil prices fell to new session lows, dropping below the 100-hour moving average at $71.65 after a brief rally fueled by Middle East tensions dissipated. The decline
The United Arab Emirates (UAE) produced 4.1 million barrels per day (bpd) of crude oil in June, its highest output ever, according to estimates by the International Energy Agency. The UAE’s crude oil production jumped from 3.3 million bpd in May to 4.1 million bpd in June
The International Energy Agency reduces Russia’s 2026-2027 oil production outlook due to sustained Ukrainian attacks on energy infrastructure. The International Energy Agency cut its forecast for Russia’s oil production in 2026 and 2027, citing ongoing Ukrainian drone stri
ادخل بحساب جوجل لمشاركة رأيك والتفاعل مع الأخبار — بلا كلمة مرور.
إيميلك يبقى موثّقاً وخصوصيتك محفوظة.