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HomeCrude Oil News

Crude Oil News

OPEC
Crude Oil News

OPEC Sees World Oil Demand Increasing by 1.8 Million Bpd in 2025

February 13, 2024 Mariel Alumit

World oil demand next year is expected to increase by 1.8 million barrels per day, OPEC said in its latest Monthly Oil Market Report released on Tuesday. OPEC sees the demand for crude oil rising […]

Oil
Crude Oil News

Visualizing the Rise of the U.S. as Top Crude Oil Producer

February 13, 2024 Mariel Alumit

Visualizing the Rise of the U.S. as Top Crude Oil Producer This was originally posted on Elements. Sign up to the free mailing list to get beautiful visualizations on natural resource megatrends in your email every week. Over […]

BofA
Crude Oil News

BofA Expects Total Oil Demand to Hit 107MM Barrels per Day by 2029

February 13, 2024 Mariel Alumit

In a BofA Global Research report sent to Rigzone recently, analysts said they expect total oil consumption levels to reach 107 million barrels per day by 2029, “adding net growth of about 3.7 million barrels […]

Tobago
Crude Oil News

National emergency in Tobago as mystery ship spews oil

February 13, 2024 Stu Turley

Office of the Chief Secretary – THA Vessel trackers have been unable to identify the name of a ship which capsized six days ago, creating a national emergency in Tobago as oil rushes up on […]

Crude Oil News

Daily Energy Standup Episode #307 – Global Energy Developments: From Electric Buses to Geothermal Advancements

February 13, 2024 Andy Del Prado

Daily Standup Top Stories Virginia legislation would activate state program to fund electric school buses February 12, 2024 Mariel Alumit   Virginia is on a roll transitioning to electric school buses. And that momentum could remain […]

Crude Oil News

Iraq Remains Committed to OPEC+ Deal to Cap Oil Output at 4 Million Bpd

February 12, 2024 Stu Turley

OPEC’s second-largest producer, Iraq, is committed to its voluntary cut in the OPEC+ agreement and will produce no more than 4 million barrels per day (bpd) of crude oil, Iraq’s Oil Minister Hayan Abdel-Ghani said […]

Diamondback
Crude Oil News

Diamondback to buy shale rival Endeavor for $26 billion in latest big oil deal

February 12, 2024 Michael Tanner

Diamondback Energy Inc. and Endeavor Energy Resources LP on Monday confirmed reports they’re combining in a deal valued at about $26 billion including debt, that marks the latest big oil merger. Under the terms of […]

India
Crude Oil News

India forecast to lead oil demand growth this decade

February 12, 2024 Mariel Alumit

AsiaTankers India will surpass China as the largest source of oil demand growth in the world this decade, according to a new report from the International Energy Agency (IEA). India is currently the world’s third […]

Climate Crisis

Daily Energy Standup Episode #306 – Solar Expansion, Oil Deals, LNG Pressure, and Legislative Battles

February 12, 2024 Andy Del Prado

Daily Standup Top Stories Biden plan will earmark millions of acres of public land for solar development February 11, 2024 Stu Turley On Jan. 17, the Biden administration unveiled a draft analysis of a plan that identifies […]

Crude Oil News

Diamondback Energy, Endeavor Energy finalizing merger to create $50 billion company, Wall Street Journal reports

February 11, 2024 Michael Tanner

Feb 11 (Reuters) – U.S. shale oil rivals Diamondback Energy (FANG.O), opens new tab and Endeavor Energy Resources are close to finalizing a roughly $25 billion cash-and-stock deal that would create an oil and gas company valued […]

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