As global energy markets navigate a complex landscape of geopolitical pressures, demand fluctuations, and supply dynamics, the Organization of the Petroleum Exporting Countries and its allies (OPEC+) remain pivotal in shaping oil prices and supply. In 2025, OPEC+ is set to gradually unwind voluntary production cuts of 2.2 million barrels per day (b/d), with a […]
Continue ReadingDaily Standup Top Stories PetroVietnam Gas seals long-term LNG supply deal for Nhon Trach power plants March 3, 2025 Mariel Alumit According to a PV Gas statement, the two units of state-owned PetroVietnam signed the LNG supply contract for Vietnam’s first two LNG power plants for 25 years. This move follows a contract signed by PV […] […]
Continue ReadingThe eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman met virtually on March 3, 2025, to review global market conditions and the future outlook. Taking into account the healthy market fundamentals and the positive […]
Continue ReadingDaily Standup Top Stories U.S. Northeast Gasoline Reserve Could Be Sold Off March 4, 2024 Mariel Alumit The U.S. could sell off its 1-million-barrel Northeast Gasoline Supply Reserve in the fiscal year of 2024, a funding bill up for discussion at U.S. Congress says. Under the draft text of the bill, “the Secretary […] US funding bill blocks […]
Continue Reading