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Oil
Crude Oil News

Oil perks up after sharp week-long selloff on supply, demand concerns

November 18, 2023 Mariel Alumit

CNBC Oil prices rose on Friday, a day after sinking 5% to a four month-low on growing worries about burgeoning non-OPEC supply and cooling demand. The West Texas Intermediate contract for December rose $2.21, or 3.03%, to $75.11 […]

Usyk
Aljazeera International

Fury vs Usyk heavyweight title fight set for February 17 in Saudi Arabia

November 16, 2023 Mariel Alumit

Sports|Boxing Tyson Fury and Oleksandr Usyk will fight for the undisputed heavyweight championship of the world in Riyadh, Saudi Arabia on February 17, organisers have announced. Britain’s Fury is the WBC world champion while Ukrainian […]

Natural Gas
Exploration and Production

20 Countries With The Largest Natural Gas Reserves in 2023

November 16, 2023 Mariel Alumit

In this piece, we will take a look at the 20 countries with the largest natural gas reserves in 2023. If you want to skip our overview of the natural gas industry, then take a […]

OPEC’s
Crude Oil News

OPEC’s oil production inched up in October

November 14, 2023 Mariel Alumit

Oil Price OPEC’s crude oil production rose in October by 80,000 barrels per day (bpd) compared to September, but the output at the countries bound by the OPEC+ pact continued to be well below the […]

Saudi
Crude Oil News

Oil forecasters predict Saudi Arabia, Russia to extend 1 MMbpd production cut into 2024

November 13, 2023 Mariel Alumit

(Bloomberg) – As oil prices languish near a three-month low, forecasters are already predicting that Saudi Arabia won’t sit idle. The OPEC+ leader is likely to extend its 1 MMbpd production cut — introduced over […]

Climate Crisis

Coming Soon: More Oil, Gas and Coal

November 11, 2023 Mariel Alumit

It’s no secret that fossil fuels are still going strong, as we discussed last month. But a new United Nations-backed report paints an alarming picture of how dramatically coal, oil and gas production is expected to grow in […]

Aramco
Earnings

Aramco Keeps Payout to State, Investors at $29B

November 7, 2023 Mariel Alumit

Aramco maintained its payout to the Saudi government and investors at $29.4 billion, helping state finances amid a widening budget deficit. The world’s biggest crude oil exporter maintained the payout at the preceding quarter’s level despite […]

Saudi Arabia
Crude Oil News

Oil up as Saudi Arabia and Russia stick to supply cuts

November 7, 2023 Mariel Alumit

Yahoo Finance (Bloomberg) — Oil gained after Saudi Arabia and Russia reaffirmed they will stick with oil supply curbs of more than 1 million barrels a day through the end of the year. West Texas Intermediate […]

geoeconomics
Energy Crisis

In the rapidly shifting world of geoeconomics, the Rest is getting tired of the West

November 6, 2023 Mariel Alumit

If you have not heard about the rise of geopolitics over the past year, where have you been hiding? So now I want to complicate your lives further and introduce you to its lesser-known but […]

Crude Oil News

Daily Energy Standup Episode #240 – Offshore Wind Challenges, Geopolitical Conflicts, and Market Trends

October 30, 2023 Andy Del Prado

Daily Standup Top Stories GE Offshore Wind to Post $1 Billion Loss in 2023, Again in 2024 October 29, 2023 Allen Santos General Electric Co. expects its offshore-wind operations to post annual losses of about $1 billion […]

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