Daily Standup Weekly Top Stories Why are Saudi Arabia and Russia continuing with oil production cuts? September 9, 2023 Allen Santos The price of oil affects nearly everyone – in terms of living costs and how […]
WASHINGTON, Sept 13 (Reuters) – The U.S. Energy Department has talked to oil producers and refiners to ensure stable fuel supplies at a time of rising gasoline prices, Jared Bernstein, head of the White House […]
(Bloomberg) – bp Plc’s board woke up on Wednesday facing an urgent search for a new boss, its fifth in 16 years. Outgoing Chief Executive Officer Bernard Looney shocked the industry a day earlier with […]
European nations continue to find ways to get around their own sanctions on Russian energy imposed in the wake of Moscow’s renewed invasion of Ukraine, with Germany now admitting their imports from intermediary India are […]
On the International Energy Agency’s recent Op-Ed published on 12 September 2023, asserting that fossil fuel demand would peak before 2030, OPEC notes that consistent and data-based forecasts do not support this assertion. It is […]
Daily Standup Top Stories ‘Beginning of the end’ of fossil fuel era approaching, says IEA September 13, 2023 Allen Santos The world’s demand for oil, gas and coal will begin to decline this decade in “the […]
World oil demand remains on track to grow by 2.2 mb/d in 2023 to 101.8 mb/d, led by resurgent Chinese consumption, jet fuel and petrochemical feedstocks. In 2024, naphtha and LPG/ethane, especially in China, will […]
A former top state oil regulator filed a lawsuit this week alleging he was effectively fired by the Newsom administration for objecting to orders in January that he implement a law that was about to […]
Last week, Brent crude topped $90 per barrel for the first time since last November, and WTI climbed to an 11-month high, too. The reason: Saudi Arabia and Russia said they would extend their oil […]
The Ukrainian military said it has recaptured several strategic gas and oil drilling platforms from Russia in the Black Sea close to Crimea, which Moscow’s forces had occupied since 2015. The recapture of the so-called […]
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