Chinese Oil Demand Unexpectedly Soars, Sending Shanghai Crude Above $100, With Brent Prices Set To Follow

Near the southern Lebanese town of Jezzine, Israeli forces directly and repeatedly attacked a marked press vehicle, killing three journalists and wounding a number of others. The IDF fired four missiles at the vehicle during the attack. The confirmed fatalities were Fatima Ftouni of al-Mayadeen, Ali Shuaib of al-Manar TV, and Fatima’s brother Mohammed, last […]

BP Weighs North Sea Exit Under New CEO Authored by Michael Kern via OilPrice.com, BP has started to simplify its portfolio and cut costs, and will make fewer but better choices in which projects to invest, chief executive Meg O’Neill said on Thursday. “We are taking concrete action to grow long-term value for shareholders: simplifying our portfolio, reducing costs, maintaining tight discipline on capex and strengthening the balance sheet,” O’Neill, the first female CEO of a Big Oil company, wrote in a LinkedIn post to reflect on the first 100 days as top executive...

'Gave Iran Week Off Because We're Nice': Trump References Ayatollah Funeral In Rushmore Speech On Friday President Trump delivered a speech at Mount Rushmore to kick off the nation's 250th anniversary celebrations, and in it he confirmed that everything regarding Iran - whether on the military or diplomatic fronts - have been paused to allow for the Islamic Republic to bury its late supreme leader Ali Khamenei. Trump said Washington "knocked the hell out of Iran" and that the country was "dying to settle". He also made comparisons between the lengthy Iran...