Saudi Arabia just made a high-stakes wager that the glory days of U.S. shale, which transformed the global energy map in the last decade, are never coming back. By keeping a tight grip on supply […]
Singapore — 0232 GMT: Crude oil futures ticked higher during the mid-morning trade in Asia, with optimism over large draws in US product inventories trickling down into markets otherwise cautious ahead of the OPEC+ meeting. At […]
The head of the National Oil Corporation, Mustafa Sanallah expected Libya’s oil production to continue rising, but this requires more funding, security, and stability, Sanallah said. In an interview with TRT Arabi TV, Sanalla revealed […]
Iran is reaching out to old customers in Asia to gauge their interest in buying its oil as Tehran ramps up diplomacy to get U.S. sanctions lifted. The National Iranian Oil Co. — the state oil marketer […]
Energy News Beat Publishers Note: Should be fun watching the political discussions around the world on the OPEC + meetings today, and the impact on tomorrow’s OPEC meeting. The Energy News Beat team is looking […]
ExxonMobil has slashed its 2025 global oil and gas production estimate to 3.7 million boe/d, even as it focuses on growing output at the Permian Basin and in Guyana, the company’s top executives said March […]
The Opec+ alliance will meet tomorrow at 14:00 CET to discuss whether and how to amend the group’s production quotas from next month. The quotas were reduced to 7.05mn b/d below an October 2018 baseline […]
no recommendation from the JMMC #OOTT #Opec — Amena Bakr (@Amena__Bakr) March 3, 2021 Energy News Beat Publishers Note: Update from Rystad Energy and Amena Baker from Twitter. The Iran’s oil minister Zanganeh will […]
Energy News Beat Publishers Note: Get the popcorn for Thursday and Friday. I am not taking bets on oil cuts/increases/remain the same. Reports are coming out in every different direction. The global oil market is […]
Demand, which fell by 20mn b/d in April 2020, is “improving, we have seen [in] China, east Asia strong demand there. If I look at India, it is also picking up, it is almost as pre-Covid” […]
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