Oil prices have dropped significantly in the past week, with Brent crude falling below $74 per barrel. Gazprom Neft’s CEO, Alexander Dyukov, believes oil prices will stabilize soon despite current pressures. Dyukov added that OPEC+ […]
OPEC+ agreed to pause its planned oil output hike for two months after prices plunged amid fragile demand and plentiful supply. Key coalition members won’t go ahead with the scheduled hike of 180,000 barrels a day in […]
Daily Standup Top Stories OPEC+ Close to Delaying Oil Supply Increase, Delegates Say September 4, 2024 Stu Turley Group had scheduled October production boost of 180,000 b/d Rethink comes after downbeat economic data from China, […]
HOUSTON, Sept 4 (Reuters) – Crude futures fell by more than $1 a barrel on Wednesday in see-saw trading, with traders worried about demand in coming months as crude producers offered mixed signals about supply […]
The combined crude oil exports from Saudi Arabia, Russia, and the United States fell by nearly 700,000 barrels per day in August. The decline was primarily driven by a drop in U.S. exports, followed by […]
Group had scheduled October production boost of 180,000 b/d Rethink comes after downbeat economic data from China, US OPEC+ is close to agreement on delaying a planned increase in oil production after prices plunged amid fragile […]
Daily Standup Top Stories Biden Grants First New LNG Approval Since Freezing Permits September 3, 2024 Stu Turley New Fortress Energy receives five-year license to sell LNG Climate groups blast White House, permit-pause appeal ongoing The […]
Oil prices tumbled on Tuesday morning as speculation continued that the eight leading OPEC+ producers would unwind their voluntary production cuts. – Crude production in Iraq’s semi-autonomous Kurdistan region continues to increase as industry organizations […]
The total number of active drilling rigs for oil and gas in the United States fell again this week, according to new data that Baker Hughes published on Friday. The total rig count fell by […]
Daily Standup Top Stories The Harsh Reality of the Global Energy Transition September 2, 2024 Stu Turley The energy transition, which has become a focus of governments around the world, is the global shift from fossil […]
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