Friday, January 31, 2025
Earthstone Energy

Oil Prices Up After U.S. Production Falls 24 MBOPD

Oil prices start the day down as Kuwaiti workers end strike Oil workers in Kuwait ended a three-day strike today that lent support to oil prices earlier this week following the failure of a mixed group of OPEC and non-OPEC producers to come to an agreement on a production freeze Sunday. The strike saw production in OPEC’s fourth-largest producer fall

Iran, OPEC

Kerry Says Money from Iranian Sanctions Relief Could End Up with Terrorist Groups

While funds do not appear to be going to terrorist now, Kerry “think[s] some of it will” Secretary of State John Kerry acknowledged that some of the money Iran received as part of sanctions relief could go to groups considered terrorists, reports CNN. “I think that some of it will end up in the hands of the IRGC or other