ENB Publishers Note: In my opinion, there will be no treaty as Iran has placed contracts and survived with the sanctions, and does not care what the United States thinks. The new supply contracts with […]
New long-term deals to increase oil, gas supplies to China Ukraine tension may further stimulate Russia-China energy ties Russia’s strategic location, resources driving growing supply to China Geopolitical tension, as well as global demand recovery, […]
Oil prices surged in late-day trading Thursday, sending the U.S. crude benchmark through $90 a barrel for the first time since 2014 due to ongoing supply worries and as frigid weather cascades across the United […]
OPEC and its allies are expected to approve another modest oil-output increase this week, yet once again struggle to deliver all of the extra supplies into a red-hot crude market. The recovery in fuel consumption from the […]
With Brent oil prices having surged to around $90 per barrel, OPEC and its allies may announce a bigger-than-expected rise in output, according to Goldman Sachs Group Inc. The outcome of Wednesday’s meeting remains “evenly balanced” […]
Oil markets experienced a degree of inflation immunity Thursday. That’s according to Rystad Energy’s Senior Oil Markets Analyst Louise Dickson, who noted that benchmarks rose despite the U.S. Federal Reserve’s announcement that an interest rate […]
The largest U.S. shale basin’s output will surge to a record in February, according to a monthly forecast from the U.S. Energy Information Administration (EIA) on Tuesday. The largest U.S. crude basin, the Permian basin […]
January 28, 2022 Source: U.S. Energy Information Administration, Short-Term Energy Outlook, January 2022 Note: Crude oil production totals do not include condensate. In our January Short-Term Energy Outlook (STEO), we forecast that OPEC petroleum production […]
January 27, 2022 Source: U.S. Energy Information Administration, Proved Reserves of Crude Oil and Natural Gas in the United States, Year-End 2020 Because of lower oil prices in the first year of the COVID-19 pandemic, […]
Where did all the oil go? According to the latest estimates, the world should still be awash in oil stockpiles built up during the pandemic. But that’s not what the actual data on oil supplies […]
Copyright © 2025 | Sandstone Group