The OPEC+ group has made progress in talks with its African producers over their oil output quotas next year, three OPEC+ sources told Reuters on Friday, after the alliance had to postpone this weekend’s meeting over the […]
Nasdaq MOSCOW – As the world’s most powerful oil producers ponder further supply cuts, Russia has little incentive for a radical change as its energy revenue is strong, oil prices are higher than its forecasts […]
CNBC Oil prices rose on Friday, a day after sinking 5% to a four month-low on growing worries about burgeoning non-OPEC supply and cooling demand. The West Texas Intermediate contract for December rose $2.21, or 3.03%, to $75.11 […]
Daily Standup Top Stories China LNG deals come at an environmental cost November 13, 2023 Mariel Alumit China’s LNG deal-making has been gaining momentum, even amid international calls to pull back on gas development due to greenhouse gas […]
(Bloomberg) – As oil prices languish near a three-month low, forecasters are already predicting that Saudi Arabia won’t sit idle. The OPEC+ leader is likely to extend its 1 MMbpd production cut — introduced over […]
Iran has urged OPEC members to halt oil exports to countries supporting Israel, echoing the 1973 oil embargo, which dramatically increased oil prices and altered global economies. The call for an embargo is a response […]
In recent years, inconsistent investment policies within the oil sector led to instability in the energy markets. The OPEC+ group firmly believe in a dual approach of ramping up investments in the oil and gas […]
The oil-price rally continued in full force on Monday, with Brent crude closing in on $95 per barrel in early afternoon trading, and some crude grades around the world topping $100. At 12:23 p.m. ET […]
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 […]
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 […]
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