عاصفة أسعار النفط: أرامكو تخفض الأسعار وأرباح كونوكو فيليبس تتراجع

<a href="https://news.google.com/rss/articles/CBMirgFBVV95cUxPM1k0eWl4d2ExVm81VmxhSUhqTzV0dUNteHNTZHdyQW5MZHpmcU1OaG51NHNSY3RtYjVPeFFEVjFKR2N5TWJpcmUzVDZQYVBnWFhMN0VSU1hXa3djSmM0WEtidzFJcGNnb3NKYi1TZEJEZVVKeUdSdFpLeTd2blJKaGpUZFB6QWV1WWhWLVdTWGpQNzhoR2k1MW13VmZiUjRFRVpLTUJjS1RZR2swa3c?oc=5" target="_blank">Saudi Aramco cuts Asia OSPs to fresh 5yr lows, Arab Light at parity</a>&nbsp;&nbsp;<font color="#6f6f6f">Quantum Commodity Intelligence</font>

As India is tentatively pulling back from buying Russian oil after the U.S. trade deal, Russia’s crude is being offered in China at widening discounts to attract Chinese refiners, trade sources have told Reuters. This week, the discount of the ESPO blend that Russia ships from the Kozmino port in the Far East widened to almost $9 per barrel to ICE Brent, up from the $7–$8 a barrel discount of the past months, according to the trade sources. Discounts for Russia’s flagship Urals crude grade shipped from Russia’s Baltic Sea port, and mostly to India, have already widened to $12 per barrel below Brent and could widen further, the traders told Reuters. The widening of the discounts began this week after the U.S. and India reached a trade deal, in which lower U.S. tariffs for Indian goods are dependent upon India slashing its purchases of Russian oil. With Indian refiners still waiting for guidance on how to proceed with the oil trade with Russia, sellers of Russia’s crude are looking to attract additional purchases in China with hefty discounts of the Russian blends to Brent. Since the 2022 start of the war in Ukraine, China has become the top buyer of Russian crude, with India second. As India is now poised to curb purchases, at the very least, China becomes an even bigger market for Russia’s crude, if there is enough appetite, capacity, and political will for Beijing to boost cheap Russian oil imports. India, for its part, is hesitant. Refiners in India are reportedly waiting for government guidance on how to proceed, if at all, with Russian oil purchases. At the same time, Urals is being offered in India at a widening discount to Brent, with the differential now at $11 per barrel and testing the appetite of Indian refiners amid the trade deal with the U.S. that calls for limited purchases of Russian oil. By Charles Kennedy for Oilprice.com More Top Reads From Oilprice.com

<a href="https://news.google.com/rss/articles/CBMiswFBVV95cUxPLUIyWWM2YVRFQUxlcjNUT3c0akZWUXJlZm1HczA0OHBTUWpraEV3SEVsYTVOU0NkTWNjLU5HWl8zam1DS3hMUGpaeUhLRERiTW5vWEF1ZmlwdVhWS1RLUHNzYmk3UlcxTDhHSUo4SlZoeV9NN3NMN0F2elQwNlcyalZJU0pjUzVJVXNfZEp5NTh4c2xjcVREbHUzSTB5T1pTSFh4MlJIOHFCdlM4NFBIZEIyOA?oc=5" target="_blank">Saudis Cut Main Oil Price for Asian Buyers as Crude Glut Looms</a>&nbsp;&nbsp;<font color="#6f6f6f">Bloomberg</font>

ConocoPhillips (NYSE: COP) booked lower-than-expected earnings for the fourth quarter as higher production was unable to offset the decline in oil prices. ConocoPhillips reported on Thursday fourth-quarter adjusted earnings of $1.3 billion, or $1.02 per share. That was nearly halved compared with adjusted earnings of $2.4 billion, or $1.98 per share, for the fourth quarter of 2024. The earnings for October-December 2025 were also lower than the $1.07 analyst consensus estimate in The Wall Street Journal. ConocoPhillips attributed the decline to the impact of lower prices, which were only partially offset by higher volumes. During the fourth quarter, the company’s total average realized price was $42.46 per barrel of oil equivalent, 19% lower than the $52.37 per boe realized in the fourth quarter of 2024. For the full-year 2025, the average realized price was $47.01 per boe, down by 14% from $54.83 per boe realized in 2024. Oil and gas production averaged 2.375 million barrels of oil equivalent per day. After adjusting for impacts from closed acquisitions and dispositions, production increased by 57,000 boed, or by 2.5%, from 2024. During the year, ConocoPhillips completed the integration of Marathon Oil and doubled synergy capture to more than $1 billion on a run-rate basis. Last year, ConocoPhillips distributed $9.0 billion, or 45% of cash flow from operations, to shareholders, including $5.0 billion through share repurchases and $4.0 billion through the ordinary dividend. Despite the weaker oil prices and results, the company reiterated its guidance for 2026 capital expenditures of about $12 billion and adjusted operating costs of $10.2 billion. The 2026 production guidance is 2.33-2.36 million barrels of oil equivalent per day. “Looking ahead, we’re focused on driving a $1 billion reduction in our capital and costs in 2026, while returning 45% of our CFO to shareholders,” Chairman and CEO Ryan Lance said. “We are well positioned to deliver an expected $7 billion in incremental free cash flow by 2029, including $1 billion each year from 2026 through 2028.” By Charles Kennedy for Oilprice.com More Top Reads From Oilprice.com