Weaker Chinese demand, high inventories, and rising US shale production are leading to downward revisions in oil price forecasts. Goldman Sachs predicts Brent crude prices to average below $80 per barrel next year, with the […]
Daily Standup Top Stories State Rankings: Electric Vehicles per Capita in the United States August 25, 2024 Stu Turley California leads the nation in electric vehicle adoption, with over 1.1 million EVs and the highest per […]
Much of the focus in the oil market has been on the Middle East for months — but on Monday, attention was turning to North Africa, with reports that Libya’s eastern government had halted crude […]
Oil prices are rising rapidly on Monday morning as global supply is threatened by geopolitical uncertainty. Israel and Hezbollah traded strikes on Sunday in the biggest military exchange between the two since 2006. Meanwhile, Russia […]
Oil demand seen plateauing at 100 million barrels a day ‘Catastrophic’ risk of failing to invest in new oil projects Exxon Mobil Corp. forecasts global oil demand in 2050 will be the same — or even […]
Nigerian regulators said they expect to formally consent to Exxon Mobil Corp.’s sale of its oil and gas assets to Seplat Energy Plc within four months, ending a hiatus that has stalled the conclusion of a transaction that […]
Naval operations working for the European Union have given an update this morning (pictured above) from the Red Sea on the state of the blaze onboard the laden Sounion, a suezmax attacked multiple times last […]
DUBAI, United Arab Emirates (AP) — Fires broke out Friday on a Greek-flagged oil tanker previously attacked by Yemen’s Houthi rebels this week, with the vessel now appearing to be adrift in the Red Sea, authorities said. It wasn’t […]
China’s oil imports in July were down 12% from June and 3% from July 2023, raising concerns about the country’s economic health and future oil demand. Factors such as the rise of electric vehicles, the […]
(WO) — Haitian-American oil tycoon Emmanuel Fritz Paret, CEO of Paret Mining LLC, has acquired a 10,000-acre oil reserve in Bowling Green, Kentucky. The acquisition includes 150 wells and an estimated 140 million barrels of […]
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