Goldman Sachs revealed in a note Monday morning that it has raised its long-dated oil price assumption by $9 per barrel to $76 at the peak of the U.S.-Iran war, citing a higher structural security premium, but said the eventual expansion of pipeline capacity bypassing...

Crude Oil Price Movements In June, the OPEC Reference Basket (ORB) value dropped by $24.80/b, m-o-m, to average $89.75/b. The ICE Brent front-month contract fell in June by $19.28/b, m-o-m, to average $84.43/b, while the NYMEX WTI front-month contract declined by...

Kongsberg Maritime ASA yesterday announced an agreement to acquire the Swedish company The company is a leading designer and manufacturer of integrated propulsion and electrical systems for the maritime market. The acquisition represents a strategic step to strengthen...