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Top Oil Price News

The EU targets Russia's energy revenue and shadow fleet with new sanctions over Ukraine war
Ukraine War · Russia

The EU targets Russia's energy revenue and shadow fleet with new sanctions over Ukraine war

39% Left coverage: 137 sources
The European Commission has suggested a floating price cap on Russian oil, targeting 15% below the average market price over three months. This initiative aims to further limit Russia's war financing capabilities. Technical details remain to be finalized, with unanimous agreement required among EU member states for implementation.See the Story
Trump offers regulatory relief for coal, iron ore and chemical industries
US Politics · United States

Trump offers regulatory relief for coal, iron ore and chemical industries

78% Center coverage: 60 sources
See the Story
Weekly Mortgage Rates Rise as Tariffs’ Effects Emerge
Tariffs · United States

Weekly Mortgage Rates Rise as Tariffs’ Effects Emerge

48% Center coverage: 21 sources
Mortgage rates rose again this week, indicating that last week's rise — after five straight weeks of decline — may have signaled a turning point. The average rate on a 30-year fixed-rate mortgage rose six basis points to 6.84% the…See the Story

Blindspots

Chinese investment in overseas mining is said to surge to decade high
No coverage from Left Sources
Center 25%
Right 75%

Chinese investment in overseas mining is said to surge to decade high

OPEC Looking to Regain Market Share with Oil Production Increases, Expert Says
No coverage from Right Sources
Left 33%
Center 67%

OPEC Looking to Regain Market Share with Oil Production Increases, Expert Says

100% of Sources are High Factuality

India Unfazed by Trump Threat of Secondary Sanctions on Russian Oil Buyers

71% Right coverage: 7 sources
India remains unconcerned by potential secondary sanctions on Russian oil buyers, asserting its diversified supply sources will ensure uninterrupted crude flows.Mark Rutte · IndiaSee the Story

Slovakia Lifts Veto on New EU Energy Sanctions on Russia

Coverage: 5 sources
Slovakia will lift its veto with which it was holding up the required unanimous approval of the EU’s 18th sanctions package against Russia, Slovakia's Prime Minister Robert Fico says. Earlier this week, Fico said that Slovakia would drop its veto on the EU’s new sanctions against Russia if it receives an exemption to continue importing Russian pipeline gas for nearly another decade. On Monday, the EU failed to approve the package, which is set t…Pellegrini · BratislavaSee the Story

Baker Hughes Reports Uptick in U.S. Rig Count

100% Center coverage: 1 sources
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, following a string of losses for US drillers. The total rig count in the US rose by 7 to 544 rigs, according to Baker Hughes, down 42 from this same time last year. The number of oil rigs fell by 2 to 422 after falling by 7 during the previous week—and down by 55 compared to this time last yea…United States · United StatesSee the Story

Mexico's Water Crisis Could Undermine Its Clean Energy Plans

100% Center coverage: 1 sources
Mexico’s new president is making a major play to reform the country’s energy industry for greater energy independence and sovereignty, as well as a cleaner energy future. While this bodes well for the Mexican economy and for global climate goals, there is a critical tradeoff for this new plan: a major shortage of freshwater in the regions where the energy industry plans to expand. A former climate scientist, President Claudia Sheinbaum is pickin…Mexico · MexicoRead Article

Why Isn't Canada Cutting Oil Production?

100% Center coverage: 1 sources
Why Isn’t Canada Cutting Oil Production? Canada’s oil sands giants, Suncor and Imperial Oil, have become North America’s lowest-cost producers, a key transformation in the upstream landscape as shale producers struggle to break even with new wells as WTI prices still linger around $65-68 per barrel. Whilst Alberta’s oil sands require substantial capital expenditures upfront, once the projects are online, operational costs can be greatly reduced …Calgary, Alberta · CalgaryRead Article

Fortescue Halts New U.S. Green Energy Projects

100% Center coverage: 1 sources
Australia’s energy and metals group Fortescue is reassessing timelines and pausing green energy project developments in the United States following the latest U.S. legislation to phase out renewable energy incentives, Fortescue’s founder and executive chairman, Andrew Forrest, told the Wall Street Journal in an interview. President Trump’s tax and spending act, the One Big Beautiful Bill Act, passed earlier this month, contains punitive provisio…United States · United StatesRead Article

Restart of Kurdistan’s Oil Export Isn’t Imminent

Coverage: 2 sources
Despite Baghdad’s assurances that oil exports from Kurdistan will resume immediately after more than two years, the semi-autonomous Iraqi region isn’t prepared to restart exports, sources familiar with the matter told Reuters on Friday. Amid drone attacks on oilfields in Kurdistan this week, which have shut in about 200,000 barrels per day (bpd) in production, the federal Iraqi government said on Thursday that the Kurdistan Regional Government (…Kurds · IraqSee the Story

Why Oil Prices Could See a Significant Upside Shift

100% Center coverage: 1 sources
The 9th OPEC International Seminar was held in Vienna a week ago, wherein participants discussed energy security, investment, climate change, and energy poverty, with a particular emphasis on balancing these competing priorities. According to commodity analysts at Standard Chartered, the summit titled "Charting Pathways Together: The Future of Global Energy" featured significantly greater engagement from international oil companies and consuming…Climate Change · ViennaRead Article

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