Iran is preparing to hike its oil exports to “maximum capacity” in the coming months, according to two Iranian oil sources. The move comes amid indications that negotiations between Washington and Iran in Vienna could […]
NEW YORK: Oil settled lower on Tuesday, tumbling from a two-month high after media reports said the United States and Iran have made progress on reviving a deal restricting the OPEC country’s nuclear weapons development, which would […]
Austin, Texas (May 18, 2021) — Enverus, the leading global energy data analytics and SaaS technology company, has released its latest FundamentalEdge report. A Delicate Balance focuses on oil and gas’ current winning streak and includes the […]
Energy News Beat Publishers Note (ENB): The fact that Russia relies on an estimated 35% of its GDP from exports from energy, they do not want to disrupt the revenue source. “Besides, instability in the […]
We covered this increase in production on our Energy News Beat podcast. Saudi Arabia could not hold out much longer on their reductions in production. OPEC’s oil exports have jumped by 1 million barrels per […]
Oil prices rebounded on Friday morning as inflation fears fade and the global supply glut slowly drains, although the IEA did revise its demand projection downward. Oil prices rebounded on Friday after a midweek selloff. […]
The excess oil inventories of the past year have been all but depleted, and a strong demand rebound in the second half this year could lead to even steeper stock draws, the International Energy Agency […]
LONDON: OPEC on Tuesday stuck to its prediction of a strong recovery in world oil demand in 2021 as growth in China and the United States counters the coronavirus crisis in India, an outlook that bolsters the group’s plan to […]
U.S. crude oil imports from OPEC are down, but imports from Canada remain high Source: U.S. Energy Information Administration, Petroleum Supply Monthly Voluntary OPEC production cuts have been contributing to reduced U.S. crude oil imports from OPEC so far […]
New Delhi: OPEC‘s share of India’s oil imports fell to the lowest in at least two decades in the year to the end of March as overall purchases by Asia’s third largest economy fell to a […]
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