News

Oil prices little changed as surprise US inventory builds cap gains
Oil prices were little changed on Thursday as investors stayed cautious, focusing on renewed Iran-U.S. nuclear talks, though unexpected builds in U.S. crude and fuel inventories raised concerns about ...
BOE Report21d
EU likely to propose to G7 to lower price cap on Russian oil to $50 per barrel
The European Union will propose to G7 finance ministers this week to lower the current $60 per barrel price cap on Russian seaborne oil as part of the new sanctions package against Moscow, European ...
oilcity21d
WYDOT motor grader vandalized near Baggs over weekend; $10–15K in damages
INSET: Photo of some of the damages done to a motor grader near Baggs, first noticed Monday, May 19, 2025 (WYDOT) BAGGS, Wyo. — The Wyoming Department of Transportation reported Monday that, sometime ...
Zee Business22d
Relief in sight for IOC, BPCL, HPCL? LPG losses for oil firms may drop 45% in FY26 if crude stays at $65/barrel, says report
The report expects crude oil prices to stay around $65 per barrel in FY26. If this happens, LPG losses are likely to decrease a lot. However, CareEdge warned that if international prices or currency ...