Oil Price OPEC could potentially face further loss of market share in early 2024 following the recent departure of Angola, weakening demand and rising output by non-OPEC producers, Reuters claims, based on its own calculations. […]
New Delhi has been boosting energy purchases from Moscow despite Western pressure to shun sanctioned crude Indian officials believe that global crude oil prices would have skyrocketed if they had not ramped up imports from […]
OPEC+ faces record-breaking U.S. oil production and rising supply from other non-OPEC+ producers, including Brazil, Guyana, Canada, and Norway. Barring a major geopolitical escalation resulting in a large supply outage, oil prices are unlikely to […]
Any weakness in oil demand or increase in supply — or both — could push the market into a surplus next year. Saudi Energy Minister Prince Abdulaziz bin Salman is apparently keen on Alexandre Dumas, often […]
Nasdaq Goldman Sachs trimmed its price expectation for Brent crude in 2024 by $10 per barrel to between $70 and $90, saying strong production from the United States would moderate any upside in oil prices. […]
Armando Cavanha is a global thought energy thought leader with years of experience with Big Oil and is now a professor with international reach. Please follow Armando on his LinkedIn here: https://www.linkedin.com/in/cavanha/ Some of the […]
OPEC MOMR: OPEC’s crude production fell in November for the first time in months. OPEC: U.S. oil output continued to reach new highs. Venezuela and Libya, which are exempted from the OPEC+ deal, saw their […]
South America’s offshore oil boom is set to make the region a major play in global oil markets, challenging OPEC’s dominance. The combined efforts of Guyana and Brazil alone are expected to add nearly three […]
Daily Standup Top Stories King Charles Demands $5 Trillion per Year to Advance WEF’s ‘Net Zero’ Agenda December 5, 2023 Mariel Alumit Britain’s King Charles has demanded that taxpayers around the globe cough up $5 trillion […]
DUBAI – Saudi Arabia’s energy minister has slammed the door shut to agreeing to phase down fossil fuels at the UN’s COP28 climate talks, setting the stage for difficult negotiations in Dubai. A tentative “phasedown/out” […]
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