It’s doubtful whether the Gulf of Mexico shutdowns will generate enough momentum to fully reverse the months-long oil price selloff. Back in July, Russia, Iraq and Kazakhstan submitted their compensation plans to the OPEC Secretariat […]
Daily Standup Top Stories In Germany, The Green Energy Transition Is Only Getting Worse September 10, 2024Â Andy Del Prado Germany is running faster and faster to stay in place. In the meantime, it is destroying […]
Hedge funds and other money managers have reduced their bullish bets on oil to the lowest level since 2011. The decline in bullish sentiment is driven by rising global oil supply, weaker-than-expected demand, and concerns […]
For the second consecutive month, OPEC slightly cut its forecast for 2024 global crude oil demand in its September Oil Market Report published Tuesday. The cartel had held firm to its initial 2024 forecast, first published in […]
According to the vice president of research at S&P Global, OPEC+ has decided to extend production cuts until the end of 2024. The alliance then plans to start adding supply to the market in 2025. […]
Weekly Daily Standup Top Stories Saudi Arabia Expected to Cut Its Oil Prices to Asia for October September 2, 2024Â Stu Turley Saudi Aramco is expected to cut the OSP of its crude oil for Asia […]
OPEC+ agreed to pause its planned oil output hike for two months after prices plunged amid fragile demand and plentiful supply. Key coalition members won’t go ahead with the scheduled hike of 180,000 barrels a day in […]
Daily Standup Top Stories OPEC+ Close to Delaying Oil Supply Increase, Delegates Say September 4, 2024Â Stu Turley Group had scheduled October production boost of 180,000 b/d Rethink comes after downbeat economic data from China, […]
Group had scheduled October production boost of 180,000 b/d Rethink comes after downbeat economic data from China, US OPEC+ is close to agreement on delaying a planned increase in oil production after prices plunged amid fragile […]
Daily Standup Top Stories The Harsh Reality of the Global Energy Transition September 2, 2024Â Stu Turley The energy transition, which has become a focus of governments around the world, is the global shift from fossil […]
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