Oil prices climbed about 2% on Wednesday on a bigger-than-expected weekly drop in U.S. crude inventories as investors awaited the next steps in talks to end the Ukraine war, with sanctions on Russian crude remaining in place for now.

The U.S. Energy Information Administration's short-term outlook for oil prices forecast a slide in prices, potentially leading to lower rig counts and more job losses.

Crude oil inventories in the United States decreased by 6 million barrels during the week ending August 15, after growing by 3 million barrels in the week prior

A glaring mismatch between benchmark oil prices and expectations of a looming supply overhang has created an imbalance that could end badly for traders.

Mercer Capital found stocks of the Permian publicly traded operators it follows were battered by the steep drop in commodity prices.

The crude oil markets look soft on Tuesday as we continue to see a lot of problems with the massive amount of supply being pumped into the markets are the moment. The market continues to look at the lack of demand as an issue as well.

The company, which absorbed the North Sea assets of Italian oil major Eni last year, is also developing two of the biggest projects in the region, Rosebank and Cambo. It increased its guidance for Rosebank’s costs in 2025 by roughly $40mn after bringing forward work into this year.

Oil prices on Thursday looked to recoup their losses from the previous session and then some, as President Donald Trump prepares for what Phil Flynn, senior analyst at the Price Futures Group referred to as a “pivotal encounter” with Russian President Vladmir Putin on Friday in Alaska.

U.S. upstream M&A jumped 331% to $206.6B, shrinking the top public E&Ps from 50 to 40. Exxon–Pioneer ($60B), Diamondback–Endeavor ($26B), and Conoco–Marathon ($22.5B) led the surge. In 2025, M&A started to cool amid price/geopolitical volatility and a scarcity of prime Permian targets.

TOKYO :Oil prices gained slightly on Thursday as larger-than-expected declines crude oil and fuel inventories in the U.S., the world's biggest oil user, supported expectations for steady demand. Brent crude futures were up 13 cents, or 0.19 per cent ...