Rising oil production in the US, Guyana, and Brazil is challenging OPEC’s ability to reverse its output cuts. The EIA forecasts that global oil supply will fall short of demand in the second half of […]
Firms across the UK’s oil and gas supply chain have raised concerns about the government’s plans to increase windfall taxes and remove investment incentives. In an open letter to HM Treasury, 42 companies warned that […]
Citi: oil prices could be set to rebound after sell off. The recent oil price decline is primarily driven by two key factors: easing geopolitical risks, particularly in Gaza with a potential ceasefire on the […]
The pinprick attacks boost morale, but they don’t much dent Moscow’s energy earnings. While Ukraine’s surprise combined-arms incursion into the Russian oblast of Kursk gets all the headlines, Kyiv continues to carry out a parallel, […]
In our latest Short-Term Energy Outlook (STEO), we forecast that crude oil production in the United States will grow to an average of 13.7 million barrels per day (b/d) and marketed natural gas production will grow to an average […]
A Greek-owned and flagged oil tanker is on fire and adrift in the Red Sea after a series of attacks, British and Greek authorities say. The Sounion was first hit by gunfire from two small […]
Uinta assets could be valued at as much as $2 billion in sale Value of oil and gas deals has roughly doubled this year Ovintiv Inc. is considering a possible sale of its operations in the […]
Cuts come after start of expanded Trans Mountain pipeline Oil is exported mostly to the US West Coast and Asia Enbridge Inc. cut tolls on Canadian oil export pipelines amid increased competition from a new line […]
Crude oil prices moved higher today after the U.S. Energy Information Administration reported a decline in inventories for the week to August 16. Those shed 4.6 million barrels over the period, compared with a build of 1.4 million barrels […]
Greece’s Delta Tankers’ refusal to avoid the Red Sea has seen a third ship in its fleet come under attack today, the first confirmed Houthi strikes in eight days. According to security firm Vanguard, the […]
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