OPEC and its allies will maintain their tight grip on oil supply, with several members on March 3 announcing extensions of their voluntary production cuts that had been scheduled to expire at the end of […]
In a BofA Global Research report sent to Rigzone this week, analysts revealed where they see the oil price heading in the near and mid-term. “Robust U.S. shale supply growth, warm winter weather, more renewables, […]
LONDON/MOSCOW, Feb 27 (Reuters) – OPEC+ will consider extending voluntary oil output cuts into the second quarter, three OPEC+ sources told Reuters, to provide additional support for the market, and could keep them in place […]
Saudi Arabia has been spending heavily both abroad and at home. As a result, last year, the Public Investment Fund’s cash and treasury assets slimmed from over $105 billion in 2022 to some $37 billion […]
LONDON, Feb 23 (Reuters) – Red Sea shipping delays and OPEC+ supply cuts are tightening physical oil markets in Europe and Africa as well as the Brent crude market structure, lending further support to oil […]
(Bloomberg) – Iraq and Kazakhstan pledged compliance with new OPEC+ oil targets after failing to fully cut production as promised last month. The Organization of the Petroleum Exporting Countries in Vienna, Austria. (Photographer: Andrey Rudakov/Bloomberg) […]
Daily Standup Top Stories Visualizing the Rise of the U.S. as Top Crude Oil Producer February 13, 2024 Mariel Alumit Visualizing the Rise of the U.S. as Top Crude Oil Producer This was originally posted on Elements. […]
World oil demand next year is expected to increase by 1.8 million barrels per day, OPEC said in its latest Monthly Oil Market Report released on Tuesday. OPEC sees the demand for crude oil rising […]
A year and a half after a renowned Harvard professor described the pandemic of 2020 as “the mother of all shocks” to energy markets, oil and gas prices are still being rocked by supply and […]
DUBAI, Jan 30 (Reuters) – Saudi Arabia’s government on Tuesday ordered state oil company Aramco (2222.SE), opens new tab to halt its oil expansion plan and to target a maximum sustained production capacity of 12 million barrels […]
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