Sources: Saudi Arabia increases oil production and exports to prepare for a US attack against Iran
Saudi Arabia has increased its oil exports and production as part of an emergency plan, in case a U.S. attack on Iran disrupts Middle East supplies. Two sources familiar with this plan told Reuters on Wednesday. The Saudi Government Media?Office did not respond immediately to a comment request on the plan. Donald Trump, the U.S. president, has stated that he would consider a strike against Iran in order to press its leaders to agree to a deal to curb Tehran’s nuclear program.
South Korea approves its first petrochemical restructured deal as glut of supply weighs
The South Korean industry ministry announced on Wednesday that it had 'approved' the first petrochemical sector restructuring project in the country. It offered a package of support worth over 2 trillion won ($1,39 billion) for companies to help them weather a prolonged downturn. The ministry has approved the plan that HD Hyundai Oilbank and Lotte Chemical, along with their joint venture HD Hyundai Chemical, submitted to merge operations at Daesan Industrial Complex.
US Energy Secretary to Arrive in Venezuela With Herculean Task of Oil Recovery
This week, the U.S. Department of Energy Chris Wright will visit Venezuela. It is the highest-level U.S. The OPEC country has not had a visit to discuss energy policy in almost three decades. Washington is conducting its first assessment on the ground of the oil industry that it plans to rebuild. Wright will arrive in Caracas Wednesday, one day after the U.S. granted a general license to explore and produce oil and gas in Venezuela.
What can oil prices tell you about the market? Not a lot: Bousso
The global oil market is experiencing a series of price spikes due to geopolitical tensions and the opaque stockpiling. Western sanctions and tightening Western sanction are also causing traders to be in the dark. Prices may not accurately reflect the physical fundamentals of commodities due to the growing influence of unpredictable external forces on this world's most liquid and largest commodity market.
Trump's "drill baby, drill" agenda in Venezuela hurts producers at the home
Trump wants $50 oil but it's below the profit level of U.S. Venezuelan oil redirected to squeeze U.S. Venezuelan oil to benefit U.S. HOUSTON, January 9 - U.S. Oil Producers already struggling with low oil prices face renewed pressure as President Donald Trump presses them to increase output in Venezuela – a move which would weaken oil markets, reduce revenues and hurt the industry at home. Trump's policies, he claims, will unleash American energy while lowering prices at the pumps.
Palm prices rise for second consecutive session due to firmer soyoil Prices
The price of palm oil in Malaysia rose for the second consecutive session on Tuesday. This was due to higher soyoil costs and a stronger demand from China. By midday, the benchmark palm oil contract on the Bursa Derivatives Exchange for delivery in?March? gained 16 ringgit (0.4%), to 4,001 Ringgit ($984.50) per metric ton. David Ng, a proprietary trading at Kuala Lumpur's Iceberg X Sdn Bhd, said that the price of crude palm oil was supported by strength on the soybean oil markets…
Bousso: The geopolitical premium of oil in the ROI vanished by 2025 and is unlikely to return.
In 2025, the global oil markets were faced with multiple black swans events - such as the Israel-Iran War and Ukrainian attacks on Russian refiners. Yet they were barely affected. In an era when energy is abundant, this calm could be the new norm. The year 2025, by any measure, was chaotic in geopolitics, with President Donald Trump's return to his White House and his flurry of trade, diplomatic and policy initiatives dominating the year.
Bousso: The geopolitical premium of oil in the ROI vanished by 2025 and is unlikely to return.
In 2025, the global oil markets were faced with multiple black swans events - such as the Israel-Iran War and Ukrainian attacks on Russian refineries - but they were not fazed. In an age of abundant energy, this calm could be the new norm. The year 2025 will be remembered as a geopolitical chaos, due to President Donald Trump's return in January, and his frenzy of trade, policy and diplomatic initiatives. On June 12, Israel bombed Iranian military, government, and nuclear sites.
Dallas Fed energy survey shows little change in oil and gas production during Q4
According to a Federal Reserve Bank of Dallas survey, oil and?gas production in Texas, Louisiana, and New Mexico?edged down in the fourth quarter as executives expressed concerns about low oil prices, which are rendering some wells uneconomical, and the ongoing geopolitical uncertainties. The oil and gas industry's production was essentially unchanged over the quarter, while costs rose at a lower rate than in the previous quarter.
Palm extends its losses due to concerns about rising stocks and weaker competitors oils
Malaysian palm oils futures fell on Tuesday, for the?third session in a row. They were pressured by lower rival oils as well as?concerns about rising stocks due to a drop in exports. At midday, the benchmark palm 'oil 'contract for March delivery at Bursa Malaysia derivatives Exchange fell 27 ringgit or 0.67% to $3,986 Ringgit ($976.96). Anilkumar bagani, the commodity research director at Sunvin Group in Mumbai…
Palm drops before Malaysian data is released
The price of Malaysian palm oils futures dropped on Wednesday, ahead of the monthly supply and demand report from the Malaysian Palm Oil Board. Soyoil also lost ground during the morning session. By midday, the benchmark palm oil contract on Bursa Derivatives Exchange for February delivery fell 14 ringgit or 0.34% to 4,092 Ringgit ($993.45) per metric ton. The market opened lower due to concerns about the rising stock levels and weakness in the soybean oil markets.
Bousso: New oil quotas system to spur spending with ROI-OPEC+
The changes OPEC+ makes to its oil production quotas will likely trigger a wave upstream investment among members, especially in low-cost Gulf producers. This will reduce concerns about long-term shortages of supply. The Organization of the Petroleum Exporting Countries (OPEC+) and other major oil producing nations including Russia and Kazakhstan approved on Sunday a mechanism for assessing members' maximum output capacity. This will be used from 2027 to establish baselines.
Bousso: New oil quotas system to spur spending with ROI-OPEC+
The changes OPEC+ makes to its oil production quotas will likely trigger a wave upstream investment among its members, especially in low-cost Gulf producers. This will reduce concerns about long-term shortages of supply. OPEC+ (Organization of the Petroleum Exporting Countries) and other major oil producing nations including Russia and Kazakhstan approved a new method to determine the maximum production capacity of members. This will be used from 2027 to establish baselines for output.
Diamondback Energy sells unit's assets at $670 million to top profit estimates
Diamondback Energy beat analyst estimates for the third quarter profit on Monday and announced that it would sell Viper Energy's non Permian assets to an affiliate of GRP Energy Capital & Warwick Capital Partners for $670M. Shareholders are more interested in steady growth and disciplined spending than rapid growth on an uncertain oil markets. The transaction is expected close in the first half of 2026. Diamondback benefited during the third quarter from an increase of production.
US shale producers SM Energy and Civitas will merge in a $12.8 billion deal
Nov. 3 - SM Energy announced on Monday that it will merge with Civitas Resources in a deal worth about $12.8 billion including debt. This will create one of the biggest independent U.S. producers who will have a dominant position within the Permian basin. The sale is a sign of a rebound in the dealmaking activity in the shale sector as companies look to scale up in order to combat volatility in energy and equity markets.
Sources say that OPEC+ is leaning toward another small increase in oil production.
Four sources familiar with the discussions said that OPEC+ is likely to increase output modestly in December as it continues with its monthly increases aimed at regaining market share. After several years of reducing production to support the oil markets, the group that includes Russia and Saudi Arabia began to ease these curbs in April. Eight OPEC+ member countries have increased their monthly production targets by a combined total of 2.7 million barrels a day - which is about 2.5% global supply.
Iraqi Oil Flows to Turkey After Brief Halt
Crude oil exports from Iraq's Kurdistan region to Turkey's Ceyhan port resumed on Friday, after a temporary halt due to "technical issues", the region's ministry of natural resources said in a statement.The exports had earlier been suspended because storage tanks reached capacity, two energy sources with direct knowledge of the matter told Reuters.One of the sources said flows stopped at around 1 a.m. local time (2200 GMT) on Friday after the storage tanks became overloaded…
VEGOILS-Palm settles up on strong soyoil, positive export demand
The price of Malaysian palm oils futures rose for the second session in a row on Thursday as the strong soyoil prices and the robust demand from export markets boosted the bullish sentiment. The benchmark palm-oil contract for December delivery at Bursa Malaysia's Derivatives exchange gained 62 Ringgit or 1.41% to 4,450 Ringgit ($1,058.26). David Ng, a proprietary trading at Kuala Lumpur's Iceberg X Sdn. Bhd., said that crude palm oil was higher due to overnight strength on the soybean oil markets.
Trump's options for easing Russia sanctions are limited in comparison to Europe
Donald Trump, the U.S. president, could lift some sanctions against Russia quickly as a way to reward Moscow for successful peace talks with Ukraine. However only Europe can make the larger steps necessary to ease Russia's cash crisis. Trump has threatened to impose additional sanctions and tariffs against Russia and its oil buyers if there are no signs of progress in the three-and-a-half-year long war in Ukraine. If the talks are successful, Trump could start to ease some of his punitive measures.
Russia-Ukraine Peace Talks Mask Unexpected Oil Price Reactions
Brent oil prices have shifted very little over the last two weeks, staying in the range of $65 to $66 per barrel. The Russia-Ukraine peace talks loom large, with bearish sentiment winning out in anticipation of Russian barrels making a return to global markets.“The probability of the US placing stronger sanctions on Russia is waning, with the market expecting Russian oil trade to make a comeback as a result of the peace talks — yet this sentiment masks emerging signals toward upside…