🗞️ Global Market Watch Stay informed with key developments shaping the global energy and tyre industry. This week, a cooldown in oil prices offered some relief on one front, while new regulatory pressures emerged on another. Energy Market Shifts and Its Ripple Effect The global oil market saw Brent crude futures correct slightly to around […]
Author Archives: finixxgroup
Oil Prices Ease as Traders Assess US Tariffs and OPEC+ Output Boost LONDON, July 8 (Reuters) – Oil prices retreated on Tuesday, having climbed almost 2% in the previous session, as investors assessed the latest developments on U.S. tariffs and a higher than expected increase to OPEC+ output for August. Brent crude futures fell 12 […]
08
Jul
Jul
EU Parliament Approves Deal on Looser Gas Storage Rules BRUSSELS, July 8 (Reuters) – The European Parliament on Tuesday gave its final sign-off on a deal to loosen the EU’s rules on filling gas storage, following concerns that earlier rules on this risked inflating energy prices. Parliament approved the deal its negotiators struck with EU […]
13
May
May
North America dropped 11 rigs week on week, according to Baker Hughes’ latest North America rotary rig count, which was released on May 2.
13
May
May
Oil slumped after Federal Reserve Chair Jerome Powell said officials aren’t in a hurry to adjust rates and as tensions between the US and China linger ahead of trade negotiations.
13
May
May
In keeping with the overall themes raised on day one of OTC 2025, Weatherford CEO Girish Saligram discussed some of the major challenges facing the offshore industry as a whole in an executive dialogue panel on Monday. While conversation ranged over a variety of issues, Saligram opened the dialogue with a single word to describe the current state of the offshore market: “turbulent.”
25
Apr
Apr
Evolution Petroleum Corporation said it completed its acquisition of non-operated oil and natural gas assets located in New Mexico, Texas, and Louisiana.
25
Apr
Apr
NEW YORK, April 25 (Reuters) – Oil prices edged higher on Friday but posted a weekly decline, under pressure from market expectations of oversupply and uncertainty around tariff talks between the U.S. and China.
