Saudi Arabia and Russia have both confirmed that they will be keeping their supply cuts in November despite the recent oil price rally. The announcements came just hours before the Joint Ministerial Monitoring Committee and […]
Irina Slav, Energy Expert, Author, and podcast host, stopped by the Energy News Beat podcast. I have thoroughly enjoyed getting to know Irina over the last year, and her humor, knowledge, and assessments of the […]
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 […]
On the International Energy Agency’s recent Op-Ed published on 12 September 2023, asserting that fossil fuel demand would peak before 2030, OPEC notes that consistent and data-based forecasts do not support this assertion. It is […]
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 […]
Piece by piece, China continues to build alternatives to each of the key building blocks of the West’s world order, including – crucially – a new global oil market order, as analysed in full in my […]
Extensions come despite oil rally, fresh blow to Biden Riyadh extends 1 mln bpd cuts to end-2023 Moscow extends 300,000 bpd cuts to year-end Both to review cuts monthly, may deepen or boost DUBAI, Sept […]
Aug 31 (Reuters) – Analysts have raised their 2023 oil price forecasts for the first time in four months with OPEC+ output cuts expected to keep supply tight, offsetting risks to demand from a stalling […]
Oil prices slid on Monday morning, with Brent falling below $86 per barrel and WTI trading at $82.31. China’s economic woes combined with a strong U.S. dollar are weighing on oil prices. OPEC+ production cuts […]
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