Markets

Ongoing concerns about shipping disruptions and the expectation that OPEC+ will extend its supply cuts combined with indications of improving demand to push futures prices for benchmark crudes higher.

Goldman Sachs has revised its summer peak Brent Crude price forecast to $87/bbl, driven by faster-than-anticipated land inventory drawdowns resulting from seaborne trade disruptions in the Red Sea.

In a dramatic twist, ExxonMobil has thrown down the gauntlet against Chevron's $53B acquisition of Hess Corp, specifically challenging the terms related to a 30% stake in a significant Guyana oil block.

Indian refiners are grappling with mounting concerns over the ramifications of the latest wave of US sanctions targeting Russia, particularly as it pertains to the country's vital oil imports.

Saudi Aramco, the leading global crude oil exporter, is poised to uphold the pricing of its flagship Arab Light grade for the Asian market next month.

In response to the largest wildfire in Texas history, the Texas oil and gas sector faces potential disruptions, prompting industry players to enact emergency measures.

Activist investor Bluebell Capital Partners is urging bp to abandon its commitment to reducing oil and gas output, arguing that the company's current strategy is destroying shareholder value.

Russia's invasion of Ukraine and subsequent Western sanctions have significantly altered the dynamics of the global oil and gas market.

After more-moderate movements throughout most of the period, futures prices for crude benchmarks sank on Friday when the US Federal Reserve hinted that it would not cut interest rates in March.

Decarbonizing refineries is a critical step in mitigating the environmental impact of the refining process. The selection of crude oil and refining strategies play pivotal roles in achieving this goal.