Category: Oil
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Mideast Oil Giants Say OPEC+’s Supply Surprise Needed by Market
by Bloomberg | Joumanna Bercetche, Fiona MacDonald & Grant Smith Thursday, July 10, 2025 | 2:57 AM EST Senior officials from three of OPEC’s core producer nations – Saudi Arabia, the United Arab Emirates, and Kuwait – lined up on Wednesday to say that the super-sized addition of supply by the producer club at the weekend was needed…
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Oil Demand: Majors Sign Up to Opec’s Bullish Rhetoric
William Potter/Shutterstock Opening the biannual Opec International Seminar in Vienna on Jul. 9, Secretary-General Haitham al-Ghais flagged up “a lot of surprises” to be unveiled in Opec’s 2025 World Oil Output (WOO) report to be released on Thursday. Talk is that the 2025 WOO will see a further hike in Opec’s already bullish long-term oil…
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Oil Holds Gains Despite US Crude Surge
by Bloomberg | Mia Gindis, Catherine Cartier | Wednesday, July 09, 2025 | 5:05 PM EST Oil held steady as traders weighed a large gain in US crude stockpiles against fresh US efforts to crimp Iranian crude exports. West Texas Intermediate swung between gains and losses before settling above $68 a barrel, narrowly extending a winning…
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Kuwait Oil Giant Says OPEC+ Hikes Suggest Tighter Market
by Bloomberg | F.MacDonald, J.Bercetche, B.Bartenstein | Wednesday, July 09, 2025 | 5:00 PM EST Kuwait’s state energy company said OPEC+’s latest super-sized supply hike and recent interactions with customers suggest persistent demand growth beyond the summer driving season. “We’re seeing some potential tightness in the market, which gives us an opportunity to capture market…
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Russian Views on Israel’s Decision on Striking Iran’s Nuclear Program
PSCRP-BESA Reports No 140 (July 9, 2025) by Maxim Starchak The current article provides a glimpse into Russia’s reaction and comprehension of the 12-day war in the Middle East. Israel and the United States targeted Iran’s nuclear program to reduce the threat to the nuclear nonproliferation regime. However, Russian experts believe that this approach also…
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Iranian Women Don’t Need Saving
Israel and the United States say that their attacks on Iran are for the benefit of its women. Iranian feminists couldn’t disagree more. Young Iranian women walk past a banner featuring portraits of the IRGC generals and nuclear scientists who were killed in Israeli attacks, in northern Tehran, June 30, 2025. (Morteza Nikoubazl / NurPhoto…
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Exxon Sees $1.5B Earnings Hit From Lower Oil, Gas Prices
by Bloomberg | Kevin Crowley | Tuesday, July 08, 2025 | 5:00 PM EST Exxon Mobil Corp. expects lower oil and gas prices to reduce the company’s earnings by about $1.5 billion as a volatile quarter for commodity prices weighs on second-quarter profits. Oil prices pulled down earnings by about $1 billion while gas contributed another…
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Oil Rises Again on Middle East Tensions
by Bloomberg | Mia Gindis, Catherine Cartier | Tuesday, July 08, 2025 | 4:28 PM EST Oil gained for a second straight session as technical levels exaggerated a rally on fresh tensions in the Middle East. West Texas Intermediate crude settled above $68 a barrel after futures briefly surpassed their 200-day moving average of about $68.51.…
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It’s Not Antisemitic to Say That Israel Is Responsible for the Unfolding Genocide in Gaza
July 8, 2025 The contention that the US is in the driver’s seat with Israel the “cop on the beat” is an old and musty one from the 1990s that has not aged well. Israeli Prime Minister Benjamin Netanyahu and US President Donald Trump during a dinner at the White House on July 7, 2025.…
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Iranian resistance groups need to show their cards
On June 23, 2025, President Donald Trump raised the specter of regime change in Iran in a Truth Social post. “If the current Iranian Regime is unable to MAKE IRAN GREAT AGAIN, why wouldn’t there be a Regime change??? MIGA!!!,” he said. While Trump’s team clarified that regime change was not a war aim, speculation remains rife in Iran, especially given…