The shutdown of the Sharara oil field in Libya disrupts production due to the arrest of a military leader’s son. Political instability and disputes over oil revenue sharing continue to hamper Libya’s oil industry. International […]
OPEC cuts its 2024 oil demand growth forecast by 135,000 bpd due to weaker Chinese demand. The cartel also lowered its 2025 oil demand growth estimate. OPEC acknowledges uncertainties in the global economy, impacting oil […]
Daily Standup Top Stories Biomass power station produced four times emissions of UK coal plant, says report August 9, 2024 Mariel Alumit The Drax power station was responsible for four times more carbon emissions than the UK’s last […]
Azerbaijan, the host of COP29, has a long history of oil production and remains heavily reliant on fossil fuels. The government is investing in renewable energy projects and aims to increase the share of green […]
The number of upstream and oilfield services jobs is flatlining and has started to fall. The hiring slump is not because production is falling. Efficiency and technological advances in fracking services, as well as the […]
Weekly Daily Standup Top Stories Global Power Demand Is Soaring, IEA Expects 4% Growth in ’24 & ‘25 August 2, 2024 Mariel Alumit ENB Pub Note: We recommend following and subscribing to Robert Bryce’s Substack. I […]
Iranian oil cargoes are being diverted to Oman and Bangladesh. Iran’s oil production has been recently estimated to have hit its highest level since 2018. Last month, Iran’s Petroleum Minister Javad Owji claimed that Tehran […]
Delta Blue, a suezmax belonging to Greece’s Delta Tankers, has been attacked four times in the space of 24 hours by the Houthis. While the Houthis have targeted more than 120 ships in their 10-month […]
Russia’s Arctic Northern Sea Route allows the country to continue exporting oil to China despite sanctions, highlighting the route’s strategic importance. Russia aims to significantly increase the NSR’s cargo capacity, supported by vast Arctic oil […]
India now depends on Russia for 40% of its crude oil imports, according to new analysis from shipping organisation BIMCO, something that has had a notable impact on the aframax and suezmax trades in particular. […]
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