Crude Oil News
Oil’s Uncertain Future
Daily Standup Top Stories Oil Is Not Out of the Woods Yet September 18, 2024 Stu Turley Crude oil prices revived this week with WTI recovering to $70 per barrel. This week, the climb is being […]
Saudi Arabia
Crude Oil News
Oil Is Not Out of the Woods Yet
Crude oil prices revived this week with WTI recovering to $70 per barrel. This week, the climb is being fueled by the U.S. Federal Reserve, which is later today expected to announce the first rate […]
Crude Oil News
IEA Slashes Oil Demand Growth Forecast
The IEA has lowered its global oil demand growth forecast for 2024 to 900,000 bpd, down from the previous estimate of 2.1 million bpd, primarily due to a significant slowdown in Chinese oil consumption. China’s […]
Big Oil Companies
Can Saudi Arabia Actually Afford Vision 2030?
Saudi Arabia’s breakeven oil price has risen due to increased spending on Vision 2030 and production cuts aimed at supporting oil prices. The IMF warns that Saudi Arabia needs an oil price of $96.20 per […]
Big Oil Companies
Saudi Arabia’s fiscal breakeven oil price is rising fast. What will the kingdom do about it?
Saudi Arabia has a superpower. Not only is it the largest exporter of crude oil in the world; its production costs for oil projects are also the lowest in the world, at around just $10 […]
BRICS
Week Recap: OPEC Shifts, LNG Approval, and Global Energy Politics
Weekly Daily Standup Top Stories Saudi Arabia Expected to Cut Its Oil Prices to Asia for October September 2, 2024 Stu Turley Saudi Aramco is expected to cut the OSP of its crude oil for Asia […]
Crude Oil News
The World’s 3 Biggest Oil Exporters Saw Shipments Slump in August
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 […]
BRICS
African Joins BRICS
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 […]
Crude Oil News
Saudi Arabia Expected to Cut Its Oil Prices to Asia for October
Saudi Aramco is expected to cut the OSP of its crude oil for Asia in October. The cut is likely due to weaker refining margins in China and the wider Asian region. The decision could […]
Crude Oil News
New Mexico Oil Production HUGE
Daily Standup Top Stories Renewables Accounted for 14.6% of Global Energy Consumption in 2023 August 27, 2024 Mariel Alumit ENB Pub Note: The term “Renewable Energy” is a marketing term. Wind and solar cannot be even […]