oil market News

Schlumberger Q2 2025 Earnings Report: Revenue Dips 6% Amid Market Challenges

Schlumberger reports a 6% revenue drop in Q2 2025 to $8.5 billion, with net income falling 9% to $1 billion. CEO Olivier Le Peuch comments on the challenging market dynamics affect...

US Threatens Secondary Tariffs on Russian Oil Imports, Potentially Disrupting India's Energy Strategy

The US has threatened to impose secondary tariffs on countries importing Russian oil, potentially disrupting India's energy strategy. Indian refiners may need to pivot to more expe...

Global Gasoline Prices Surge: A 5-Year High Sparks Market Concerns

Gasoline prices have surged to a five-year high, with RON95 increasing by 4.14% to VND19,630. Biofuel and diesel prices also rose, influenced by global market factors including U.S...

Global Gold Prices Steady as Traders Anticipate U.S. Non-Farm Payrolls Report

Gold prices have risen domestically while remaining steady globally as traders await the U.S. non-farm payrolls report. The oil market faces fluctuations due to increased U.S. crud...

US Crude Oil Inventories Surge: What Does It Mean for the Market?

US crude oil inventories increased by 1.232 million barrels in the week ending November 29, according to API data. This rise exceeds expectations and could impact the oil market. R...