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 […]
Daily Standup Top Stories Germany Ends Electric Vehicle Subsidies Abruptly In Latest Blow To Tesla December 17, 2023 Stu Turley Germany on Saturday effectively ended electric vehicle subsidies immediately. Tesla already is losing Model 3 subsidies […]
OPEC+ has seen its oil market share fall to 51% this year, the IEA said Thursday. While US oil output has soared, Guyana and Brazil have also produced record volumes in 2023. Brazil’s output jumped […]
MOSCOW – Last week, Russian President Vladimir Putin made a notable pit stop in the UAE and Saudi Arabia to meet, respectively, Emirati President Mohammad bin Zayed (MbZ) and Saudi Crown Prince Mohammad bin Salman […]
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 […]
Nasdaq RIO DE JANEIRO – Brazil is expected to join the OPEC+ group of oil-producing countries in January but would not take part in the group’s coordinated output caps, the chief executive of state-run oil […]
Brazil will become a member of the OPEC+ coalition in January 2024, Brazilian Energy Minister Alexandre Silveira announced on Nov. 30, 2023. The announcement was made during the rescheduled OPEC+ meeting convened to discuss the […]
As the COP28 climate conference opens in Dubai next week, Brazil will be presenting a contradiction to the world: while promising to accelerate its energy transition, the country continues to invest massively in oil. One of the key […]
When I say the cleaving is becoming tenuous, do not take that expression to indicate the Western global alliance will back down, they will not. However, as the fracturing of the global economic systems cleave […]
Brazil’s state-owned energy firm Petrobras reported a 90 percent drop in its liquefied natural gas (LNG) imports in the third quarter compared to the year before. Besides a dip in the volume of regasified LNG, […]
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