Indian Oil, HPCL buy 2 million barrels Venezuelan oil from Trafigura, sources say

India's state refiners Indian Oil Corp and Hindustan Petroleum Corp have together bought 2 million barrels of Merey crude from Venezuela for delivery in the second half of April, two trade sources aware of the deal said.

Reuters • 10 hours ago

Shell needs big discovery or deals as oil, gas reserves dwindle

Shell needs an acquisition or exploration breakthrough to make up for an expected production shortage of 350,000-800,000 barrels of oil equivalent per day by 2035 due to maturing fields unable to meet its output targets, the company and analysts say.

Reuters • 5 hours ago

Exclusive: Venezuela boosts oil output in Orinoco Belt, country's production approaches 1 million bpd, sources say

Venezuela's state oil company PDVSA has reversed most of the output cuts it had ordered at its own oilfields and joint ventures in the country's main crude region, the Orinoco Belt, which has boosted the nation's total production close to 1 million barrels per day (bpd), sources close to operations said.

Reuters • 3 hours ago

OPEC oil output falls in January on lower supply from Nigeria and Libya, Reuters survey finds

OPEC's oil output fell in January due to lower supply from Nigeria and Libya, a Reuters survey found on Monday, which offset increases in members including Venezuela after the U.S. capture of Nicolas Maduro and the ending of an oil blockade.

Reuters • 2 hours ago

Russian oil tankers list Singapore as destination amid sanctions and shift to China, LSEG data shows

Russian oil tankers are increasingly listing Singapore as their official destination, signalling a shift in export flows from India to China and growing concerns over Western sanctions, traders said and LSEG shipping data shows.

Reuters • 2 hours ago

Natural Gas and Oil Forecast: Brent Stalls at $67 – Range Break or Deeper Pullback Ahead?

Oil prices soften as Brent holds $67 resistance, WTI cools near $62, and natural gas consolidates after a sharp rally reversal.

FXEmpire • 10 hours ago

Oil News: WTI Crude Holds Range as Inventory Risks and Iran Headlines Shape Oil Outlook

WTI crude edges higher as Iran talks keep traders cautious, with risk premium, supply fears, and key support levels shaping the near-term oil outlook.

FXEmpire • 9 hours ago

Oil News: Weekly Oil Outlook—Geopolitical Risk Sets Tone for Crude Oil Futures

Iran talks steer the oil outlook this week as crude oil holds key support levels and traders assess supply risk, demand trends, OPEC influence and inventory signals.

FXEmpire • 8 hours ago

Crude Oil Price Analysis – Crude in a Range, Looking to Rally

Crude oil has rallied a touch in early Monday trading. At this point, it's easy to make an argument that perhaps we are trying to see the markets rise even further over the longer term.

FXEmpire • 3 hours ago

Oil drops more than 1% as concerns about possible US-Iran conflict ease

Oil prices dropped more than 1% at Monday's open as concerns about a possible conflict in the Middle East between the U.S. and Iran eased after both countries finished a round of talks on Friday.

Reuters • 19 hours ago