With Brent sinking to $73.41, Gazprom Neft’s Dyukov predicts stabilization soon. OPEC+ may tweak production cuts in October, but Libya’s outages and market jitters keep prices volatile. #OilMarket #BrentCrude #OPEC oilprice.com/Energy/Energy-…

WTI front month futures jumped 2% after OPEC+ decided to pause its plan to hike output for 2 months. Now let's see what the EIA inventory report brings...

OPEC+ shifts its plan to unwind production cuts from October to December to counter recent oil price drops. Markets responded with a 1%+ gain as supply concerns persist. #OPEC #OilSupply #MarketBalance oilprice.com/Latest-Energy-…

Crude oil prices rise after the U.S. EIA reports a 6.9M barrel inventory decline, following API's 7.4M barrel drop estimate. OPEC+ delaying production increases is also boosting market sentiment. #CrudeOil #OilPrices #EnergyNews oilprice.com/Energy/Crude-O…

That was a short-lived bounce! WTI falls back below $70 despite the OPEC+ decision and a large draw in U.S. commercial crude inventories. Side note: one of the reasons for the large crude inventory draw was the addition of 1.8 million barrels to the SPR, the largest increase

Libya’s crude exports could restart as factions near a deal on central bank leadership. A tanker at Zueitina port is set to load 600,000 barrels, lifting hopes for production recovery. #Libya #EnergyNews #OilProduction oilprice.com/Energy/Energy-…

Megaprojects are getting bigger! The world could see its first $1 trillion construction by 2030, with 4 of the largest underway in the Arab Gulf. Notable projects include Neom City and Kuwait's Silk City. #Construction #Megaprojects #GulfStates oilprice.com/Energy/Energy-…

OPEC+ has delayed its plan to ease production cuts from October to December, aiming to stabilize falling oil prices. While global markets remain in deficit, oil prices have dipped nearly $7/bbl, reflecting concerns over demand from China & the U.S. #OPEC #OilMarkets Full Story

The U.S. accuses Russia of trying to influence the 2024 presidential election through Kremlin-run media and covert online platforms. The DOJ has seized 32 domains used for spreading disinformation, and sanctions have been imposed on key figures from RT. #ElectionInterference

The Matterhorn pipeline in Texas has begun moving small volumes of Permian basin gas toward the Gulf Coast. This 490-mile pipeline aims to alleviate negative gas prices at Waha Hub in Texas and is expected to enter full service in Q3 2024. #Energy #NaturalGas

Billions of dollars in government subsidies are being directed towards unproven "climate solutions" such as carbon capture and storage (CCS) and carbon offset schemes. oilprice.com/Energy/Energy-…

KANSAS becomes 11th state with average #gasprices below $3/gal, joining OK, MS, LA, TN, TX, AL, SC, AR, KY, MO. Next up: NC, GA.

Polish forces have been on high alert with recent Russian strikes reaching Lviv, prompting Poland to scramble jets for interception. Poland's foreign minister advocates for shooting down missiles in Ukrainian skies to protect NATO airspace. #UkraineConflict #Poland

From the creator of Yellowstone. This could be good: dailymail.co.uk/tvshowbiz/arti…

End of diesel subsidies in #Colombia raised retail diesel fuel prices by 45 cents per gallon. Protests ensued: spglobal.com/commodityinsig…

Bloomberg: amid protests and road blockades in Colombia, the mayor of its capital Bogota said that the capital has four days of jet fuel left, and six days of regular gasoline. #Colombia #Oil #Bogota

M&A activity in U.S. oil & gas has hit $100 billion this year, nearing last year’s record of $155B, says Rystad Energy. While the Permian remains key, new interest is emerging in the Bakken and Eagle Ford shales. #OilAndGas #Mergers #EnergyNews oilprice.com/Energy/Crude-O…

Crude oil futures hit YTD-lows as global demand concerns, particularly from China, and a potential OPEC+ output boost weigh on prices. Brent fell to $72.63/bbl, WTI to $69.19/bbl. Analysts eye algorithmic trading strategies driving further volatility. #OilPrices #OPEC

Oil prices remain on course for a weekly decline despite a surprise inventory draw and an update from OPEC+. oilprice.com/Latest-Energy-…