Saudi Arabia’s crude oil exports fell in July due to increased domestic consumption for power generation. Despite a rise in production, Saudi Arabia maintained its pledge to keep output around 9 million bpd. Saudi Arabia […]
Daily Standup Top Stories Oil Is Not Out of the Woods Yet September 18, 2024 Stu Turley Crude oil prices revived this week with WTI recovering to $70 per barrel. This week, the climb is being […]
Crude oil prices revived this week with WTI recovering to $70 per barrel. This week, the climb is being fueled by the U.S. Federal Reserve, which is later today expected to announce the first rate […]
The IEA has lowered its global oil demand growth forecast for 2024 to 900,000 bpd, down from the previous estimate of 2.1 million bpd, primarily due to a significant slowdown in Chinese oil consumption. China’s […]
Saudi Arabia’s breakeven oil price has risen due to increased spending on Vision 2030 and production cuts aimed at supporting oil prices. The IMF warns that Saudi Arabia needs an oil price of $96.20 per […]
Saudi Arabia has a superpower. Not only is it the largest exporter of crude oil in the world; its production costs for oil projects are also the lowest in the world, at around just $10 […]
Weekly Daily Standup Top Stories Saudi Arabia Expected to Cut Its Oil Prices to Asia for October September 2, 2024 Stu Turley Saudi Aramco is expected to cut the OSP of its crude oil for Asia […]
The combined crude oil exports from Saudi Arabia, Russia, and the United States fell by nearly 700,000 barrels per day in August. The decline was primarily driven by a drop in U.S. exports, followed by […]
Daily Standup Top Stories The Harsh Reality of the Global Energy Transition September 2, 2024 Stu Turley The energy transition, which has become a focus of governments around the world, is the global shift from fossil […]
Saudi Aramco is expected to cut the OSP of its crude oil for Asia in October. The cut is likely due to weaker refining margins in China and the wider Asian region. The decision could […]
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