OPEC’s crude oil production fell in April, according to a new Reuters survey, with news of the fall likely to add support to falling oil prices. According to the survey, the results of which were […]
Daily Standup Top Stories Buttigieg rejects critics of EV future: Like people in 2000s saying we could have landlines forever April 3, 2024 Mariel Alumit Transportation Secretary Pete Buttigieg rejected criticism of the Biden administration’s push for America […]
The Joint Ministerial Monitoring Committee (JMMC), the OPEC+ panel that monitors oil market developments and the group’s production cuts, didn’t recommend on Wednesday any changes to output policy but noted that compliance with the cuts […]
The price of the oil benchmark Brent peaked at $89 per barrel on Tuesday, nearing levels last seen in June 2022, according to Intercontinental Exchange (ICE) data. Industry experts have attributed the surge to an […]
French liner giant CMA CGM has partnered up with recently established Saudi feeder and short-sea operator Folk Maritime to expand its service in the North Red Sea. A new weekly service called North Red Sea […]
Daily Standup Top Stories Climate bureaucrats giving China a free pass on its massive pollution March 18, 2024 Mariel Alumit China’s annual greenhouse gas emissions have soared over the past 20 years, dwarfing those of the […]
Saudi state company in discussions with a number of entities Others in the region are also betting big on the LNG sector Saudi Aramco is in talks with companies for liquefied natural gas projects in the US […]
The measure would be in line with the group’s plans to cut reliance on Western currencies and financial mechanisms The BRICS group of emerging economies plans to create a payment system based on digital technologies, […]
Daily Standup Top Stories U.S. Northeast Gasoline Reserve Could Be Sold Off March 4, 2024Â Mariel Alumit The U.S. could sell off its 1-million-barrel Northeast Gasoline Supply Reserve in the fiscal year of 2024, a funding […]
OPEC and its allies will maintain their tight grip on oil supply, with several members on March 3 announcing extensions of their voluntary production cuts that had been scheduled to expire at the end of […]
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