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Transneft Reports Declining Oil Flows Amid Easing OPEC+ Cuts and Structural Challenges
Transneft warns of falling oil volumes and reduced profits due to OPEC+ cuts, aging pipeline infrastructure and rising taxes with recovery not expected until 2030
Idle Russian Supertanker Near China Sparks Demand and Sanctions Concerns
A Russian supertanker idles near China, signaling weak oil demand and highlighting risks tied to Russia’s shadow fleet and global energy sanctions.
OPEC+ Begins Easing Oil Cuts, Yet Market Remains Surprisingly Balanced
OPEC+ increases oil supply gradually, yet global crude prices stay stable. Strong demand and disciplined output keep the market in balance.
Oil Prices Surge as U.S. Court Blocks Trump-Era Tariffs
Oil prices jumped after a U.S. federal court overturned former President Trump’s broad tariffs, boosting investor confidence and easing global trade tensions.
Saudi Arabia Leverages Record Refining to Stabilize Oil Revenues Amid Crude Price Decline
Saudi Arabia boosts oil revenue by ramping up refining output and exports, offsetting crude price drops and advancing Vision 2030 goals.
Russia Considers Adjusting Oil Price Benchmark in Budget Rule Amid Revenue Pressures
Russia is considering adjusting its $60 oil price benchmark for budget planning as revenues decline. Royal Essence Petroleum analyzes the implications for global fiscal resilience.
OPEC+ Eyes Long-Term Output Strategy with 2027 Production Baseline Talks Amid Phased Cuts
OPEC+ to review 2027 production baselines and raise output by 411,000 bpd in July. Royal Essence Petroleum weighs in on the global impact.
UK ENERGY BILLS FALL BUT AFFORDABILITY STILL A CHALLENGE
UK households are expected to see some relief in energy costs this summer, as the country’s energy regulator has announced…