January 11, 2023 Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, January 2023 In our January 2023 Short-Term Energy Outlook, we forecast the Brent crude oil price (the global benchmark) will rise from an […]
OPEC and its Russian-led allies will maintain their production quotas for now, the group said after convening briefly online Dec. 4, adopting a wait-and-see stance amid a hazy outlook for the oil market. The decision […]
Asian upstream companies are rapidly stepping up efforts to play their part in addressing the tight global crude oil supply situation as countries across the region strive to ensure supply security amid ongoing geopolitical tensions […]
Record-low differentials for heavy crudes that compete on the US Gulf Coast may not rebound until the Trans Mountain pipeline expansion enters service and diverts Canadian sour barrels away from the US and toward Canada’s […]
The OPEC+ oil producer alliance, which had pledged to cut output by 100,000 b/d in October, instead hiked production by 220,000 b/d as several members recovered some barrels lost by outages and maintenance, the latest […]
October 24, 2022 Data source: U.S. Energy Information Administration, Weekly Petroleum Status Report The U.S. Department of Energy (DOE) announced a notice of sale of as much as 15 million barrels of crude oil from […]
Global oil demand continues to lose momentum due to China’s economic weakness and a slowdown in countries of the Organization for Economic Cooperation and Development, the International Energy Agency said Sept. 14, trimming its 2022 […]
On Wednesday oil prices plummeted, as global benchmark Brent crude fell below $90 per barrel, and American benchmark West Texas Intermediate (WTI) landed at around $85 per barrel. According to data from London’s Intercontinental Exchange, […]
US natural gas production is on a tear this month, trending at its highest since late 2021, as steady gains in drilling activity this year begin boosting domestic supply in a potentially chilling turn for […]
U.S. refiners are set to continue operating at high utilization levels in the third quarter, despite concerns that a slowdown in demand could be looming in case of a recession, executives and analysts told Reuters on Thursday. […]
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