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 […]
US crude oil production hit a record in August with 13.05 million barrels per day, even as the number of rotary US oil rigs declined. The Permian basin has been the focal point for US […]
Nasdaq LONDON – OPEC oil output has risen for a third straight month in October, a Reuters survey found on Tuesday, led by increases in Nigeria and Angola and despite ongoing cuts by Saudi Arabia […]
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 […]
Daily Standup Top Stories Jamie Dimon says central banks got forecasts ‘100% dead wrong’ — and it doesn’t matter if Fed hikes rates again October 24, 2023 Mariel Alumit Jamie Dimon said central banks 18 months […]
Oil is here to stay as US majors strike blockbuster deals while Saudi policies are helping stabilize global crude markets, the kingdom’s energy minister said at the annual investment forum in Riyadh. “It’s working,” Energy […]
Nigeria upped its production by 110,000 bpd, while Iran’s output reached its highest since 2018, exempt from OPEC+ cuts because of U.S. sanctions. Saudi Arabia maintained its commitment to pumping approximately 9 million bpd in […]
Oil prices started the week of Oct. 9 off with a surge as the war between Israel and Palestinian Islamist militant group Hamas entered its third day, but by the fourth day oil prices had […]
Daily Standup Top Stories Nano Nuclear Thinks It Will Be ‘First Company to Sell Microreactors,’ With 2030 Target October 11, 2023 Allen Santos Authored by Nathan Worcester via The Epoch Times (emphasis ours), During a wide-ranging […]
OPEC general secretary Haitham al-Ghais criticizes calls to halt investments in new oil projects, labeling it an “extremely risky narrative.” Amid contrasting views with the IEA, OPEC’s latest oil outlook expects global oil demand to […]
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