Markets

Russia's Economy Ministry has revised its oil price forecasts for 2025-2027 downwards, reflecting current global oil market trends.

Chevron and TotalEnergies have commenced oil and natural gas production from the Ballymore project, a deepwater development in the US Gulf of Mexico.

Guyana's oil production experienced a slight decrease in Mar. 2025, falling to 627K b/d from 648K b/d in Feb., according to a Reuters report.

The week of Apr. 14 witnessed a dynamic interplay of factors influencing crude oil futures.

The global oil market is not operating under typical supply and demand dynamics as tariffs and geopolitical tensions take center stage.

The US oil production landscape is currently characterized by a delicate balance between potential growth and significant headwinds stemming from trade disputes and economic policy.

Shell plc has revised its resource estimate for the Selene prospect in the UK Southern North Sea License P2437, according to partner Deltic Energy PLC's Apr. 15 release.

Based on Moscow's new energy plan, Russia anticipates its crude oil production and exports to remain largely unchanged until 2050.

Oil imports reached a 20-month high in Mar., exceeding 12MM b/d, the highest volume since Aug. 2023, as flows from Iran and Russia rebounded following earlier lows attributed to US sanctions.

The intricate web of global oil markets is increasingly defined by geopolitical undercurrents and strategic policy shifts.