The group’s latest Monthly Oil Market Report (MOMR) puts global oil demand at 96.46mn b/d this year, up by 190,000 b/d from its previous report and 5.95mn b/d higher than last year. “The upward revision mainly takes into account […]
Energy News Beat Publishers Note (ENB): The key takeaway from the article is the 500,000 b/d outside the official data. This is also outside the OPEC + production numbers and quotas. Imports were 11.69mn b/d […]
By Devika Krishna Kumar NEW YORK (Reuters) -Nearly half of all oil pipelines from the Permian basin, the biggest U.S. oilfield, are expected to be empty by the end of the year, analysts and executives said. […]
Big oil has a big problem. It’s running out of oil. Energy News Beat Publishers Note (ENB): With the reduction in the big oil companies adding to their reserves, it will have a long-term impact […]
Uganda, Tanzania and oil firms Total and CNOOC on Sunday signed agreements that will kickstart the construction of a $3.5 billion crude pipeline to help ship crude from fields in western Uganda to international markets. […]
Energy News Beat Publishers Note (ENB): The data is showing that the greener the energy movement goes – Oil production will also increase. Three reasons: 1: More total energy is being required 2: Green energy […]
Oil switched between gains and losses after Saudi Arabia said it was confident that OPEC+ was right in agreeing to raise output and India posted its strongest oil consumption in 15 months. While West Texas […]
A multi-trillion dollar spending push designed to diversify the economy’s sources of income will require state companies to cut the dividends they pay the government to boost capital spending, Crown Prince Mohammed bin Salman has […]
Energy News Beat Publishers Note (ENB): We have been covering for the last year that Iran has never stopped shipping oil because of the countries requirement of cash flow caused by sanctions. They admit to […]
Energy News Beat Publishers Note (ENB): We have covered Iran’s oil production for a long time. They need cash, so they have been selling oil through “Spoofing and Doping” to get around the sanctions. With […]
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