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OPEC, Oil Prices

Reuters on MSN · 6h

Oil steadies in choppy trading on tariff uncertainty, OPEC+ hike plans

Oil settled largely unchanged in choppy trade on Thursday, with global benchmark Brent closing below $70 a barrel under pressure from tariffs between the U.S., Canada, and China, and plans by OPEC+ to raise output.

The New York Times · 1d

Oil Prices Slide on Jitters Over Trump’s Tariffs and OPEC Increases

The international benchmark fell to its lowest point since 2021 after a decision by Saudi Arabia and other producers to pump more crude surprised the markets.

Investopedia on MSN · 1d

Why Oil Prices Plunged to Multi-Year Lows After Trump's Tariffs

Crude oil futures tumbled to trade near their lowest levels in years on Wednesday as jitters about U.S. tariffs and a surprising production hike from OPEC+ rattled commodities markets.

North Sea, windfall tax and Oil & Gas

UK plans to overhaul windfall oil and gas tax

Britain plans to overhaul its windfall tax regime on oil and gas producers once current levies run out in 2030, it said on Wednesday as it vowed to transform the North Sea into a renewables hub.

The Financial Times · 1d

New North Sea tax would peg payments to oil and gas prices

UK oil and gas drillers face a new tax that would see them pay more if global prices rise, under proposals to overhaul the North Sea duties regime in the wake of the energy crisis. The mechanism would replace the controversial “windfall tax”,

Reeves threatens North Sea producers with future windfall taxes

North Sea oil and gas producers face a fresh windfall tax under plans to ensure British households “share in the profits” of future energy crises.

1h

Oil set for biggest weekly drop since October on tariff uncertainty, supply gains

Oil prices were little changed on Friday but were set for their biggest weekly decline since October as the uncertainty ...

6hon MSN

Oil snaps 4-day losing streak but remains stuck below $70 a barrel

Oil futures finished with small gains Thursday, snapping a four-day losing streak after ending the previous session at nearly ...

2don MSN

OPEC+ will finally boost oil production after failing to raise prices by throttling supply

Members of OPEC+ are planning to gradually unwind production curbs in April, which would add supply and could lead to lower ...

4h

Mexico president says problems with salt content in crude oil solved

Mexican President Claudia Sheinbaum said on Thursday that problems with a higher-than-usual content of salt in the crude oil ...

16h

Permian Resources: The Company That Will Ride Oil Volatility

Permian Resources stands out in the O&G sector with low-cost operations, strong FCF, a $1B buyback program, and growth ...

2d

Talks to Resume Kurdish Oil Exports Postponed to Thursday After Financial Disputes

The meeting was called after repeated statements by Iraqi oil minister Hayan Abdel-Ghani and his government said that the ...

2don MSN

Canadian official, who threatened to shut off oil to US, fires back after Trump’s tariffs

After President Trump implemented 25 percent blanket tariffs on Canada, Justin Trudeau retaliated with targeted tariffs on US ...

2don MSN

Saudi Oil Giant Aramco Reports $106 Billion Profit in 2024, Down 12% on Lower Energy Prices

Saudi Arabia’s state-owned oil giant Aramco has reported a $106.25 billion profit in 2024, down 12% from the prior year on ...

8hon MSN

U.S. will collapse Iran's economy by shutting down its oil industry, Treasury Secretary says

Trump has launched a maximum pressure campaign on Iran but has also said he wants to negotiate a nuclear deal with the ...

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