OPEC’s crude oil production fell in April, according to a new Reuters survey, with news of the fall likely to add support to falling oil prices. According to the survey, the results of which were […]
(Bloomberg) – The International Monetary Fund expects OPEC and its partners to start increasing oil production gradually from July, a transition that’s set to catapult Saudi Arabia back into the ranks of the world’s fastest-growing […]
Weekly Daily Standup Top Stories EVs Head for Junkyard as Mechanic Shortage Inflates Repair Costs April 14, 2024 Stu Turley Electric car sales already are in a funk in key markets around the globe. Challenges finding […]
Russia was India’s single largest oil supplier for a second consecutive fiscal year, as surging imports of Russian crude dragged down the share of OPEC and Middle East supply to India to a record low, […]
Daily Standup Top Stories States are acting to prevent their own electricity crisis April 16, 2024 Stu Turley The Wall Street Journal editorial board warned recently that the Biden Administration’s climate agenda is forcing the retirement of fossil-fueled power plants […]
And why that could change. Energy markets, stoked by days of highly telegraphed Iranian threats of reprisal attacks against Israel, were primed to erupt this week. Instead, once the dust settled from Iran’s largely ineffective […]
(Bloomberg) – The International Energy Agency cut its oil demand forecast for this year and estimated even slower growth in 2025 due to a lackluster economic outlook and the rising popularity of electric vehicles. The […]
(WO) — Enverus Intelligence Research (EIR), a subsidiary of Enverus, has released a new report highlighting the organization’s view that it does not expect global oil demand to peak or plateau by the end of […]
Prices could rise to a level that will constrain demand OPEC regained control of the market, says Sebastian Barrack Global oil markets are on track to be “extremely tight” in the second half, with prices […]
With Brent crude oil closing in on $90 per barrel on Wednesday, Bank of America energy analysts have boosted their price forecast for this year to average $86 per barrel and peak this summer at […]
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