Daily Standup Top Stories Saudi Aramco Sees Oil Demand Rising by 1.6 Million Bpd in Second Half of 2024 August 6, 2024 Mariel Alumit Saudi Aramco’s CEO has forecast a strong increase in global oil demand […]
Saudi Aramco’s CEO has forecast a strong increase in global oil demand for the second half of the year, ranging from 1.6 to 2 million bpd. Aramco’s outlook contrasts with the more cautious forecasts from […]
Venezuelan President Nicolás Maduro has been declared the winner of a controversial presidential election, sparking widespread protests and international condemnation. Despite the re-election of Maduro, the United States has maintained sanctions on Venezuela’s state-owned oil […]
Daily Standup Top Stories How Conflict in the Middle East Could Send Oil Prices Soaring August 5, 2024 Mariel Alumit Rising tensions between Israel and Iran are threatening to disrupt oil supply chains and could send […]
Despite claims of replenishment, the Strategic Petroleum Reserve (SPR) remains significantly below pre-Biden levels. The DOE’s statements create a misleading impression by including barrels not yet delivered and canceled sales in their replenishment figures. The […]
HOUSTON, Aug 5 (Reuters) – Oil fell in volatile trade on Monday as a selloff continued on global stock markets, but the slide was limited by fears Iran’s retaliation for the assassination of a Hamas […]
U.S. oil production dipped by 61,000 barrels daily in May, the EIA reported this week, confirming what many already expected: continued stringent discipline among drillers. But those expectations may have been misleading because now some producers are […]
Rising tensions between Israel and Iran are threatening to disrupt oil supply chains and could send oil prices soaring. The World Bank has already outlined just how high oil prices could go if Iran and […]
Stock markets tumbled on Monday and Japanese shares plummeted a gut-wrenching 13% as fears the United States could be heading for recession sent investors rushing from risk while wagering that rapid fire rate cuts will […]
Oil prices dropped significantly on Friday and Monday morning due to concerns about a potential recession in the U.S. and weak Chinese demand. The decline was partially offset by rising tensions in the Middle East, […]
Copyright © 2026 | Sandstone Group