OPEC’s top official said forecasts that oil demand is heading toward a peak will prove just as misguided as earlier predictions that supply was reaching its zenith. “Ultimately, peak oil supply has never come to […]
Daily Standup Top Stories Biden Weighs Banning Natural Gas Exports to Save the Climate January 17, 2024 Mariel Alumit Climate Test for Natural Gas Exports Politco notes Biden’s Aides Weigh Climate Test for Natural Gas Exports. The […]
“In the near term, the markets are not balanced; supply, demand is not balanced,” Hollub said, adding that: “2025 and beyond is when the world is going to be short of oil”. Hollub said that […]
Daily Standup Top Stories LNG Tankers Divert From Red Sea as Qatar Warns of Escalation January 16, 2024 Stu Turley Qatar rerouted three vessels heading to Europe via Suez Canal Russia also avoiding key waterway as […]
“Nothing is more uncertain than the general public,” the Roman orator Cicero said, and it is as true now as it was in 62 BCE. The next US presidential election is still almost 10 months […]
Oil Price Freezing temperatures have slashed North Dakota’s crude oil production by up to 280,000 barrels per day (bpd) in recent days, according to estimates from the North Dakota Pipeline Authority as of Sunday, reported by Reuters. […]
Kuwait Petroleum Corporation (KPC) has announced the setting of the indicative price for Kuwaiti oil at $70 per barrel for the fiscal year 2024/2025, commencing this April. This key financial indicator was reported by Al-Anba […]
Investing LONDON – Oil prices climbed about 3% on Friday, as some tankers diverted course from the Red Sea following overnight air and sea strikes by the United States and Britain on Houthi targets in […]
Russia has shown true resilience by not bowing to foreign pressure, President Vladimir Putin said on Wednesday. He stated that Russia is a “self-sufficient country,” whose economy is growing despite the sanctions, while EU member […]
NEW YORK, Jan 12 (Reuters) – Oil prices jumped more than 2% as some oil tankers diverted course from the Red Sea after overnight strikes by the U.S. and Britain on Houthi targets in Yemen, […]
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